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Shares of Newmont (NYSE:NEM) moved lower by 1% in pre-market trading after the company reported Q2 results.
Quarterly Results
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Earnings per share increased 166.67% year over year to $0.32, which missed the estimate of $0.33.
Revenue of $2,365,000,000 rose by 4.79% year over year, which missed the estimate of $2,370,000,000.
Outlook
Newmont hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
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Date: Jul 30, 2020
Time: 09:00 AM
Price Action
Company's 52-week high was at $70.30
Company's 52-week low was at $33.00
Price action over last quarter: Up 8.73%
Company Profile
Newmont is the world's largest gold producer. In 2019, the company produced 6.3 million attributable ounces of gold and 624 million attributable gold equivalent ounces from the sale of byproducts. On a long-term basis, the company expects to produce 6.2 to 6.7 million ounces of annual gold production while driving all-in sustaining costs down to $800 per $900 per ounce. In comparison, 2019 AISC was $966 per ounce.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.