Newmont Corporation T.NGT

Annual gold production

[ecolo101]

• Produced 5.5 million gold ounces and 891 thousand gold equivalent ounces (GEOs)² from copper, silver, lead and zinc; in-line with revised guidance range and incorporating the legacy Newcrest assets from the acquisition close date

Assuming a $150 per oz from $2000 to $2150, and if it sticks than bottom line profit increase by
Close to $1B. 

This is $1.20 per share profit more than budgeted as long as they control their cost.

glta
dyodd

[ecolo101]

Just to add on this week pricing environment  Copper, lead, nickel, tin, and aluminum have all posted notable week-on-week gains, up by 2-4% with lead seeing the strongest growth, as a weakening dollar and better-than-assumed Chinese demand improved sentiment in the markets.   this will contribute on the 891000 equivalent which is other metals. glta