Newmont adjusted income falls on lower prices, production
Colorado-based Newmont Gold on Thursday reported weaker adjusted net income of $175-million, as its revenue decreased along with gold prices and lower production at various sites.
The third-quarter income adjusted for impairments and a write-down in North America, came to $0.33 a diluted share, which is lower than the prior-year quarter’s $0.34 a share, but better than analyst estimates of $0.20 a share.