Report
Kristoffer Inton
EUR 147.86 For Business Accounts Only

Newmont Makes Second-Quarter Operational Progress, Overvalued Shares Price in Sustained Gold Rally

From an operational perspective, Newmont continues to perform very well. Attributable production grew 7% over the prior year quarter to nearly 1.3 million ounces, while all-in sustaining costs (AISC) fell 4% over the prior year quarter to $876 per ounce. Progress of key development projects including expansions at Cripple Creek & Victor, Tamami, and Carlin, and new mines at Merian and Long Canyon all continued on schedule and on budget. Together, these projects should help offset the ongoing...
Underlying
Newmont Corporation

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.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Kristoffer Inton

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