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Cash rolls in for Newmont

NEWMONT Mining has recorded net income of US$86.7 million for the March quarter after selling 1.81 million ounces, with a higher gold price and solid operating performance seeing net cash up 141% from 12 months ago.

MiningNews.Net
Cash rolls in for Newmont

Net cash totalled US$328.2 million for the quarter, with the 141% increase achieved despite a mere 2% increase in sold ounces. Total revenues increased from US$748 million to US$1.1 billion. The US$86.7...

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