Newmont Continues to See Some Challenges in 3Q; Shares Look Fairly Valued
Newmont Mining's near-term results reflected operational challenges in some parts of its portfolio, as attributable gold production fell 3% to 1.27 million ounces. Combined with a 6% lower gold price, revenue fell 8% during the third quarter. Partially offsetting lower revenue, a 1% decline in all-in sustaining costs helped EBITDA fall just 3% to $636 million.Newmont revised its full-year guidance, lowering the top end of its production range to 4.9 million-5.2 million ounces from 4.9 million-5...
Newmont is primarily a gold producer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia and Ghana. The company is also engaged in the production of copper, silver, lead and zinc. The company's operations are organized in five geographic regions; North America, South America, Australia, Africa and Nevada.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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