CANBERA (dpa-AFX) - Newmont Mining Corp. (NEM) reported third-quarter net income attributable to stockholders of $213 million or $0.43 per share, down from $398 million or $0.80 per share in the comparable quarter last year.
Adjusted net income per share for the quarter was $0.50, compared to $0.44 per share in the prior-year period. On average, 17 analysts polled by Thomson Reuters expected the company to earn $0.16 per share for the quarter. Analysts' estimates typically exclude special items.
Sales for the quarter declined to $1.75 billion from $2.02 billion in the same period last year. Analysts expected sales of $1.70 billion.
Looking ahead to 2014, Newmont continues to expect total attributable gold production of 4.7 million to 5.0 million ounces at a lower cost applicable to sales or CAS of $710 to $750 per ounce and a lower all-in sustaining costs or AISC of $1,020 to $1,080 per ounce.
The company also continues to expect total attributable copper production of 80,000 to 90,000 tonnes at CAS of $2.80 to $3.10 per pound and AISC of $3.50 to $3.80 per pound.
Copyright RTT News/dpa-AFX