Newmont tops profit estimates on higher gold prices, sees steady output
NEM•Adjusted profit beats analyst estimate
Newmont posted an adjusted profit of $2.10 per share for the quarter ended June 30, compared with analysts' average estimate of $1.99, according to data compiled by LSEG.
$1 = 1.4081 Canadian dollars
Red Chris decision and British Columbia support
Earlier this month, Newmont said the expansion of its Red Chris mine in British Columbia would depend on whether the project fits within its capital allocation framework and delivers value accretion.
CEO Natascha Viljoen said on Thursday Newmont has received all critical approvals and is working with the British Columbia government on mining investment terms.
