Newmont's development projects will help it keep its annual production at roughly 5 million ounces.
Newmont Mining had a pretty good 2016, as higher gold prices and higher production offset a slight rise in costs, leading to a doubling of free cash flow over the prior year to $784 million. In addition, the company completed the development of new mines Merian and Long Canyon, coming under budget and on, if not ahead of, schedule. Given the struggles that other miners have had launching their projects, Newmont’s solid execution on these development projects is impressive.Attributable producti...
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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