Newmont Goldcorp Shares Decline After 3Q Miss
November 05 2019 - 1:41PM
Dow Jones News
By Dave Sebastian
Shares of Newmont Goldcorp Corp. (NEM) fell 4.8% to $37.02 after
the company on Tuesday posted lower-than-expected adjusted profit
and slightly lowered its 2019 gold-production outlook.
The Denver-based mining company posted adjusted earnings of 36
cents a share, compared with 33 cents a share in the prior year.
Analysts polled by FactSet were looking for 39 cents a share.
Newmont now expects production of 6.3 million ounces in 2019,
down from its previous forecast of 6.5 million ounces.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
November 05, 2019 13:26 ET (18:26 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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