Global Mining News in real time

Newmont posts 9% rise in profit, Peru project remains suspended

By: Henry Lazenby NYSE- and TSX-listed Newmont Mining on Friday reported a 9% increase in first-quarter profit to $561-million, or $1.13 a share, keeping within its expectation for the year. The multinational gold miner lifted revenue for the quarter by 9%, to $2.7-billion, outpacing higher labour and power costs... 

Riding out commodity uncertainty, producers limit output, close plants

By: Matthew Hill While mining firms enjoyed massive profits last year as commodity and metals prices remained elevated in the first half of 2011, the US debt downgrade in August and the eurozone’s wobbles have brought about fresh fears. 

Newmont's novel gold-linked dividend gets the spotlight

By: Matthew Hill Newmont Mining’s gold price linked dividend has received praise from analysts who said on Friday the industry “has gotten the message” that shareholders want better payouts. “From our perspective, the gold industry is changing for the better,” Jeffries analyst Peter Ward said. 


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