CAPITAL MARKETS

Newmont flags cash-generating mines

NEWMONT Mining achieved net income of $US374 million ($A506.9 million) in 2005, based on gold sales of 6.49 million ounces and highlighted by the operational performance of the Yanacocha operation in Peru.

Michael Quinn
Newmont flags cash-generating mines

Newmont described the net cash of $1.25 billion generated by its operations as “industry-leading”, while the profit result was a reduction on the $453 million achieved in 2004 when around 475,000 additional...

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