Newmont Mining beats by $0.14 (NEM) 40.55 -0.01 :
Reports Q4 (Dec) earnings of $1.11 per share, excluding non-recurring items,$0.14 better than the Capital IQ Consensus Estimate of $0.97. Other highlights from the quarter:
- Attributable gold and copper production of 1.3 million ounces and 35 million pounds, respectively;
- Gold and copper CAS of $720 per ounce and $2.61 per pound, respectively;
- All-in sustaining cost of $1,192 per ounce; and
- Average realized gold and copper price of $1,700 per ounce and $3.22 per pound, respectively.
(NEM) ("Newmont" or "the Company") today announced it increased attributable gold reserves by 0.4 million ounces, net of depletion, to 99.2 million ounces in 2012. Highlights include:
- Gold reserves of 99.2 million ounces;
- Copper reserves of 9.5 billion pounds;
- The addition of 2.9 million ounces of gold reserves at the Merian project in Suriname; and
- The addition of 2.6 million ounces of gold inferred resources at the Long Canyon project in Nevada.
Newmont increased its quarterly dividend by 21 percent to 42.5 cents per common share in the first quarter of 2013.
