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Newmont Mining 3Q profit more than doubles
Thursday, October 29, 2009 6:52 AM


(Source: Associated Press/AP Online)trackingDENVER - Newmont Mining says its profit more than doubled in the third quarter as the gold producer capitalized on favorable commodity prices and strong gold and copper sales.

Newmont's profit climbed to $388 million, or 79 cents per share, compared with $191 million, or 42 cents per share, a year ago.

Revenue jumped 50 percent to $2.05 billion from $1.37 billion, with copper sales more than quadrupling and gold sales rising steadily.

Analysts forecast earnings of 55 cents per share on revenue of $1.72 billion.

A service of YellowBrix, Inc.



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