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2021-10-28
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Gold Miner Newmont Cuts Guidance After Disappointing Quarter
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In a report Thursday, it also lowered annual output guidance while raising its projection for costs.</p>\n<p>Mining companies are navigating lingering operational restrictions in the pandemic. At the same time, tight labor markets and pricier freight, energy and other inputs are pushing up costs as supply-chain snarls continue to impact shipping of everything from bulldozers to iron ore. Those headwinds are hitting bullion producers harder than base metal miners given gold prices are down from a year ago.</p>\n<p><img src=\"https://static.tigerbbs.com/c7c621cb8f429aa6c09fb13d68edc39a\" tg-width=\"931\" tg-height=\"522\" width=\"100%\" height=\"auto\"></p>\n<p>Newmont cut its full-year guidance to 6 million ounces from 6.5 million ounces, citing difficulties at its mines in Boddington, Western Australia, and Nevada, as well as the continued impact from the pandemic, primarily in Canada and Australia. That’s after third-quarter output slipped to 1.45 million ounces versus the 1.6 million-ounce average estimate.</p>\n<p>The company’s all-in sustaining cost jumped to $1,120 an ounce versus consensus of $1,024. It now projects $1,050 for the year from $970 previously.</p>\n<p>Newmont reported adjusted earnings of 60 cents a share for the quarter, down from 86 cents a year ago and missing the 74-cent average estimate among analysts.</p>\n<p>The company’s shares were down 2.2% at 8:12 a.m. in New York, before the start of regular trading. They’ve lost about 4% this year, outperforming peers.</p>\n<p>The company will hold a conference call at 10 a.m.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold Miner Newmont Cuts Guidance After Disappointing Quarter</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold Miner Newmont Cuts Guidance After Disappointing Quarter\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-28 21:30 GMT+8 <a href=https://finance.yahoo.com/news/gold-miner-newmont-cuts-guidance-121644319.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Newmont Corp. shares fell as the world’s biggest gold miner grapples with operational challenges and accelerating cost gains.\nThe Denver-based company churned out less bullion and ...</p>\n\n<a href=\"https://finance.yahoo.com/news/gold-miner-newmont-cuts-guidance-121644319.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NEM":"纽曼矿业"},"source_url":"https://finance.yahoo.com/news/gold-miner-newmont-cuts-guidance-121644319.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2178626483","content_text":"(Bloomberg) -- Newmont Corp. shares fell as the world’s biggest gold miner grapples with operational challenges and accelerating cost gains.\nThe Denver-based company churned out less bullion and profit than expected last quarter. In a report Thursday, it also lowered annual output guidance while raising its projection for costs.\nMining companies are navigating lingering operational restrictions in the pandemic. At the same time, tight labor markets and pricier freight, energy and other inputs are pushing up costs as supply-chain snarls continue to impact shipping of everything from bulldozers to iron ore. Those headwinds are hitting bullion producers harder than base metal miners given gold prices are down from a year ago.\n\nNewmont cut its full-year guidance to 6 million ounces from 6.5 million ounces, citing difficulties at its mines in Boddington, Western Australia, and Nevada, as well as the continued impact from the pandemic, primarily in Canada and Australia. That’s after third-quarter output slipped to 1.45 million ounces versus the 1.6 million-ounce average estimate.\nThe company’s all-in sustaining cost jumped to $1,120 an ounce versus consensus of $1,024. It now projects $1,050 for the year from $970 previously.\nNewmont reported adjusted earnings of 60 cents a share for the quarter, down from 86 cents a year ago and missing the 74-cent average estimate among analysts.\nThe company’s shares were down 2.2% at 8:12 a.m. in New York, before the start of regular trading. They’ve lost about 4% this year, outperforming peers.\nThe company will hold a conference call at 10 a.m.","news_type":1},"isVote":1,"tweetType":1,"viewCount":954,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":10,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/854186392"}
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