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Newmont Q3 earnings beat expectations: Revenue $5.52B, EPS $1.71, gold production down 4%, avg gold price $3,539 per ounce.
Newmont Corp (NYSE: NEM) reported Q3 earnings with revenue of $5.52 billion, exceeding expectations of $5.18 billion. Adjusted EPS was $1.71, above the forecast of $1.42. Gold production fell 4% YoY to 1.42 million ounces, attributed to lower grades and planned shutdowns. The average gold price realized was $3,539 per ounce. NEM stock is currently trending.
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