Published on 26 Jul 2022 on Zacks via Yahoo Finance
Newmont Corporation NEM reported net income from continuing operations of $379 million or 48 cents per share in second-quarter 2022, down from $640 million or 80 cents per share in the year-ago quarter.
Barring one-time items, adjusted earnings were 46 cents per share that missed the Zacks Consensus Estimate of 60 cents.
Newmont reported revenues of $3,058 million, almost flat year over year. The figure missed the Zacks Consensus Estimate by 0.5%. Higher average realized gold prices and copper sales volume were partly offset by reduced average realized co-product metal prices.
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