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Q1 2015 Earnings Results Build on Continued Strong Performance

Newmont released its first quarter earnings results last Thursday, demonstrating that the company continues delivering strong operating performance and profitability – exceeding market expectations – in spite of the year-over-year drop in the gold price.

The strong first quarter allowed the company to pay down an additional $200 million in debt, as well as help fund construction of the Long Canyon project in Nevada, which will add profitable production in a prospective new gold district.

Highlights from the quarter include:

  • $229 million in adjusted net income compared to $121 million in the prior year’s quarter
  • $628 million in operating cash flow and $344 million in free cash flow
  • Gold and copper all-in sustaining costs of $849 per ounce and $1.73 per pound, respectively, compared with $1,034 per ounce and $3.67 per pound, respectively, in the first quarter of 2014
  • Production volumes in line with guidance, and gold production matching the first quarter of 2014, despite the sale of three operations

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For more information about Newmont’s operations and results, please visit our website.

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