Newmont Mining reports EPS in-line, misses on revs
Reports Q2 (Jun) earnings of $0.26 per share, excluding non-recurring items, in-line with the Capital IQ Consensus Estimate of $0.26; revenues rose 8.1% year/year to $1.91 bln vs the $1.99 bln consensus.
--> "We continued to improve the underlying business in [Q2], delivering $119 million in free cash flow and nearly $700 million in adjusted EBITDA while lowering all-in sustaining costs per ounce by 14% compared to the prior year. Favorable oil prices and exchange rates largely offset the impacts of lower metal prices. Based on this performance, we are improving our full-year outlook for both production and costs."