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Newmont adjusted profit jumps on higher output, gold prices

20th February 2020 BY: Reuters

Newmont said on Thursday quarterly adjusted profit almost doubled, as the world's largest gold miner benefited from stronger bullion prices and higher output.

Newmont said adjusted profit rose to $410-million, or 50 cents a share, in the fourth quarter ended December 31, from $214-million, or 40 cents a share, a year earlier.

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Attributable gold production rose 27% to 1.83-million ounces and average realized gold prices jumped to $1478 an ounce from $1233 last year. 

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EDITED BY: Reuters
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