Newmont Beats Q3 Profit Estimates
Newmont reported third quarter profit above estimates as higher gold prices offset lower production volumes. The world's largest gold miner achieved an average realized price of $4,317 per ounce.
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NEWMONT CORP posted third-quarter adjusted earnings of $2.20 per share on Thursday, topping the $2.05 average estimate compiled by LSEG. The result outperformed expectations as record-high bullion values offset lower output. It marks a solid profitability gain for the world's largest gold producer.
