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Newmont: 2Q Earnings Snapshot

07/30/2020 | 06:56am

GREENWOOD VILLAGE, Colo. (AP) _ Newmont Corporation (NEM) on Thursday reported second-quarter net income of $344 million, after reporting a loss in the same period a year earlier.

The Greenwood Village, Colorado-based company said it had profit of 43 cents per share. Earnings, adjusted for one-time gains and costs, were 32 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The gold and copper miner posted revenue of $2.37 billion in the period, which met Street forecasts.

Newmont shares have increased 56% since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 1%. The stock has increased 80% in the last 12 months.

This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on NEM at

Automated Insights, source Associated Press News

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