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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... 

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