3 Things to Look For When Newmont Mining Reports Q3 Earnings
An industry leader in gold mining, Newmont Mining Corp. (NYSE: NEM), is expected to report its third-quarter earnings on Oct. 25. Interested as investors may be, digging through a miner's earnings report can be overwhelming, and it's easy to feel as if one's been buried under mountains of facts and figures. Let's try to make things a little easier by focusing on three things we can expect management to address.
In its second-quarter earnings call, management identified eight projects in development that will play a critical role in helping the company to achieve its annual average gold production forecast of 5 million ounces. Specifically, management foresees these eight projects contributing "annual gold production of about 1.3 million ounces at all-in sustaining costs (AISC) below $750 per ounce for their first five years and generate internal rates of return above 20%."
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Source: Fool.com