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Newmont to face tough 2007

A DIP in gold sales was not able to take the shine off Newmont Mining’s quarterly and annual reports, which included a 260% increase in quarterly net income, but the gold major has forecast a tough year ahead due to lower production from mines in Australia and Peru and the closure of mines in North America.

MiningNews.Net
Newmont to face tough 2007

Net income for the 2006 year rose from 2005's $US322 million to $US791 million - a jump of 146% - while quarterly net income leapt from the previous corresponding period of $US62 million to $US223 million....

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