Newmont beats first-quarter profit estimates on rally in gold prices
me-metals: Newmont beat Wall Street estimates for first-quarter profit on Wednesday, as the world’s biggest gold miner benefited from a rally in bullion prices.According to me-metals cited from mining.com,
According to me-metals cited from mining.com, The average price of gold has been rising over the past few quarters and hit record highs in the January to March period, as concerns over US President Donald Trump’s fresh tariff plans ignited fears of a global trade war, driving a rush towards the safe-haven allure of the precious metal.
Newmont’s quarterly average realized price for gold was at $2,944 per ounce, compared with $2,090 per ounce a year ago.
On an adjusted basis, the company earned $1.25 per share for the quarter ended March 31, compared with analysts’ average estimate of 90 cents per share, according to data compiled by LSEG.
source: mining.com
Related News
Top News
Seven Minutes ago
Three last month
Tongling Metals warns US tariffs to drag short-term copper outlook
Vale sees iron ore prices above $85 a ton despite tariff turmoil
Western investors are piling into gold market after three-year hiatus
Billionaire Paulson says central banks will keep buying gold
Trump signs executive order boosting deep-sea mining industry
Barrick Gold seeks buyers for its last mine in Canada
China alumina exports surge to seven-year high as surplus widens
Burkina Faso grants mining lease to Russia’s Nordgold
Chinese copper inventories post record weekly drop
McEwen weighs Argentina share listing as part of copper unit IPO
TMC submits application for deep sea mining under US law
China copper market gauge hits 16-month high on demand flurry
Ghana arrests three Indian nationals suspected of smuggling gold
Zimbabwe restarts minting of gold coins as bullion prices soar to record
Lynas Rare Earths seeks US aid for Texas refinery as costs surge
China’s first-quarter gold consumption falls 6%
Kazakh gold miner Solidcore says Q1 gold production fell by 42%
STAINLESS STEEL BLOOMING MILL FOR FAGERSTA
Mozambique’s coal mines shed hundreds of workers as prices slump
McEwen weighs Argentina share listing as part of copper unit IPO
TMC submits application for deep sea mining under US law
China copper market gauge hits 16-month high on demand flurry
Ghana arrests three Indian nationals suspected of smuggling gold
Zimbabwe restarts minting of gold coins as bullion prices soar to record
Lynas Rare Earths seeks US aid for Texas refinery as costs surge
China’s first-quarter gold consumption falls 6%
Kazakh gold miner Solidcore says Q1 gold production fell by 42%
STAINLESS STEEL BLOOMING MILL FOR FAGERSTA