Newmont Surpasses Quarterly Profit Estimates and Commits 1.4 Billion Dollars to Former Newcrest Assets
The world's largest gold miner beat earnings estimates as record prices offset lower production. Newmont now plans to invest 1.4 billion in its newest assets.
Insights:
Newmont Corporation reported fourth-quarter results today that beat Wall Street profit estimates, as materially higher realized gold prices offset lower production volumes. Alongside the earnings beat, the company announced it will invest $1.4 billion to develop assets acquired through its 2023 takeover of Newcrest. This capital allocation advances several near-term projects across the US 
US, Australia 
AU, and Canada 
CA.
US, Australia AU, and Canada CA.
