UPDATE 2-Newmont Goldcorp profit drops more than expected on cost of deals, idle mines [Reuters]
Newmont Corporation (NEM)
Last newmont corporation earnings: 2/20 06:55 am
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Source: Reuters
Newmont Goldcorp profit drops more than expected on cost of deals, idle mines TORONTO (Reuters) - Second-quarter profit at Newmont Goldcorp ( NEM.N Newmont is in the process of integrating operations after it finalized its acquisition of Goldcorp and its Nevada joint venture with Barrick Gold Corp ( ABX.TO GOLD.N “The Goldcorp integration process is well underway and on track to deliver an additional $365 million in annual cash flow,” Chief Executive Gary Goldberg, who will be replaced by President Tom Palmer on Oct. 1, said in Newmont’s earnings statement. “The Goldcorp integration process is well underway and on track to deliver an additional $365 million in annual cash flow,” Chief Executive Gary Goldberg, who will be replaced by President Tom Palmer on Oct. 1, said in an earnings statement. Costs incurred while Newmont’s Penasquito mine in Mexico and Musselwhite in Canada were idle contributed to the decline. Penasquito suspended operations for seven weeks due to a blockade by a t
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- 4/25/24 - Beat
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Sec Filings
- 4/25/24 - Form 8-K
- 4/12/24 - Form DEFA14A
- 4/5/24 - Form DEFA14A
- NEM's page on the SEC website