Newmont Stock Is Diving. Earnings Disappointed, and Gold Costs More to Produce.

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July 25, 2022 11:01 am ET

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Shares of Newmont are lower Monday after the gold miner’s second-quarter earnings fell short of estimates.

Newmont (ticker: NEM) earned 46 cents per share in the quarter, which was lower than the Wall Street consensus estimate of 63 cents per share, according to FactSet. Newmont’s EPS in the year-ago quarter was 83 cents. Revenue of $3.06 billion in the quarter topped expectations for $3.04 billion.

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