World's Largest Gold Miner Newmont Reports Q2 Results Above Estimates: Details
1. Newmont's Q2 earnings were $1.43, exceeding $1.12 estimates. 2. Quarterly revenue reached $5.31 billion, surpassing $4.93 billion expectations. 3. Gold production decreased 4% to 1,478,000 ounces from the prior quarter. 4. Average realized gold price rose to $3,320 per ounce, up $376 per ounce. 5. Company recorded all-time high quarterly free cash flow of $1.7 billion.