Newmont Slid Nearly 4% in Morning Trading After Its Q1 Earnings Missed Estimates

Tiger Newspress2022-04-22

Newmont slid nearly 4% in morning trading after its Q1 earnings missed estimates.Q1 net income from continuing operations fell to $432M, or $0.54/share, from $538M, or $0.67/share, in the year-earlier quarter, a decline the company attributed to lower gold sales volumes, higher CAS, a $130M pension settlement charge, the loss recognized on the sale of the La Zanja equity method investment in 2022 compared to a gain on the sale of TMAC in 2021, and higher reclamation and remediation charges.

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2022-04-23
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