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BRIEF-Newmont Mining Q4 Adjusted Earnings Per Share $0.40

Published 2019-02-21, 07:54 a/m
© Reuters.  BRIEF-Newmont Mining Q4 Adjusted Earnings Per Share $0.40
NEM
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Newmont Mining Corp (NYSE:NEM) NEM.N :

* NEWMONT ANNOUNCES FULL YEAR AND FOURTH QUARTER 2018 RESULTS

* Q4 ADJUSTED EARNINGS PER SHARE $0.40

* Q4 REVENUE $2.048 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.88 BILLION

* Q4 EARNINGS PER SHARE ESTIMATE $0.25 -- REFINITIV IBES DATA

* ATTRIBUTABLE GOLD PRODUCTION IS EXPECTED TO BE 5.2 MILLION OUNCES IN 2019

* QTRLY GAAP NET LOSS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO STOCKHOLDERS OF 3 MILLION OR $0.00 PER DILUTED SHARE

* QTRLY GOLD AISC: REPORTED AISC DECREASED NINE PERCENT TO $845 PER OUNCE FROM PRIOR YEAR QUARTER

* GOLD PRODUCTION IS EXPECTED TO BE 4.9 MILLION OUNCES IN 2020

* QTRLY ATTRIBUTABLE GOLD PRODUCTION 1.44 MILLION OUNCES OF GOLD, AN INCREASE OF EIGHT PERCENT FROM PRIOR YEAR QUARTER

* LONGER-TERM GOLD PRODUCTION IS EXPECTED TO REMAIN STABLE AT BETWEEN 4.4 AND 4.9 MILLION OUNCES PER YEAR THROUGH 2023

* GOLD CAS IS EXPECTED TO BE $710 PER OUNCE FOR 2019

* GOLD AISC IS EXPECTED TO BE $935 PER OUNCE IN 2019

* FOR QUARTER ATTRIBUTABLE COPPER PRODUCTION WAS IN LINE AT 11,000 TONNES

* GOLD AISC IS EXPECTED TO BE $975 PER OUNCE IN 2020 AND BETWEEN $875 AND $975 LONGER-TERM THROUGH 2023

* GOLD CAS IS EXPECTED TO BE $750 PER OUNCE FOR 2020 AND BETWEEN $690 AND $740 PER OUNCE LONGER-TERM THROUGH 2023

* NEWMONT MINING - QTRLY AVERAGE REALIZED PRICE FOR GOLD WAS 3 PERCENT LOWER AT $1,233 PER OUNCE, VERSUS PRIOR YEAR

* ATTRIBUTABLE COPPER PRODUCTION IS EXPECTED TO BE 45,000 TONNES IN 2019 AND 2020

* COPPER PRODUCTION INCREASES TO BETWEEN 45,000 AND 65,000 TONNES LONGER-TERM THROUGH 2023

* TOTAL CONSOLIDATED CAPITAL IS EXPECTED TO BE $1,070 MILLION FOR 2019 AND $730 MILLION FOR 2020

* COPPER AISC IS EXPECTED TO RISE TO $2.45 PER POUND IN 2019 ON INCREASED CAS

* NEWMONT MINING - QTRLY GOLD PRODUCTION ROSE PRIMARILY DUE TO HIGHER GRADES AND RECOVERY AT CC&V AND AHAFO, PARTIALLY OFFSET BY LOWER GRADES AT KCGM

* GOLDCORP TRANSACTION EXPECTED TO CLOSE IN Q2 OF 2019

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