Newmont climbs as Q1 profit beats estimates on gold rally
ReutersApr 24, 2025 2:06 PM
Shares of world's biggest gold miner Newmont NEM.N rise 2.4% to $54.42
Co beats Q1 profit estimates benefiting from a rally in bullion prices
NEM reports Q1 adjusted profit of $1.25 per share vs estimate of 90 cents per share - data compiled by LSEG
Co's quarterly average realized price for gold jumped about 41% to $2,944 per ounce, compared with a year ago
Co reports 8.3% fall in gold production to 1.54 million ounces in Q1, hurt by reduced contributions from its non-core operations
Including session's gains, NEM shares up 46% so far this year
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