On an adjusted basis, Newmont posted a net income of 44 cents per share for the October-December quarter, compared with the average analyst estimate of 46 cents
on Thursday fell short of Wall Street estimates for fourth-quarter profit, as the world’s largest gold miner struggled with lower prices and increased costs.
For 2023, Newmont has given a production guidance between 5.7 and 6.3 million gold ounces and guided for all-in sustaining cost between $1,150 and $1,250 per ounce.On an adjusted basis, the company posted a net income of 44 cents per share for the October-December quarter, compared with the average analyst estimate of 46 cents. Revenue for the quarter fell by 6 per cent to $3.2-billion compared to the year before.
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