GOLD MAJORS
US gold miner Newmont Mining has reported market-beating earnings for the three months ended December 31, and reported production that is on par with that of leading gold producer Barrick Gold. The Denver, Colorado-based miner reported headline earnings for the fourth quarter of $216-million, or $0.40 a share, which was higher than average Wall Street analyst forecasts calling for earnings of $0.38 a share, on expected revenues of $1.91-billion. The performance was a 60% improvement on the adjusted earnings of $133-million, or $0.25 a share, in the fourth quarter of 2016.
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