A Slow Recovery for Newmont
NEMNewmont(NEM) Gurufocus·2024-07-08 21:01

Newmont Corporation (NEM, Financial) released its first-quarter earnings on April 25. It was a significant quarter because the Newcrest acquisition was finalized on Nov. 6, 2023, so metals production fully reflects the merger's completion. Metal production included only partial production from Newcrest in the fourth quarter of 2023.Most revenues in the first quarter came from gold, but copper and silver also contributed significantly.As a reminder, on Feb. 22, 2023, Newmont announced 2023 mineral reserves f ...