Newmont Misses Sales Estimate
Newmont Mining Corporation (NYSE:NEM) reported adjusted basic earnings of $1.17 per share in the fourth quarter of 2011 compared to the prior year quarter of $1.16 per share. Including the charges of Hope Bay asset impairment, the company reported basic loss of $2.08 per share compared to $1.65 in the fourth quarter of 2010. The [...]
Newmont Mining Corporation (NYSE:NEM) reported adjusted basic earnings of $1.17 per share in the fourth quarter of 2011 compared to the prior year quarter of $1.16 per share.
Including the charges of Hope Bay asset impairment, the company reported basic loss of $2.08 per share compared to $1.65 in the fourth quarter of 2010. The fourth quarter of 2010 also included the asset impairment charges of Hope Bay.
Revenues
Total revenue was $2.765 billion, up 9% year over year from $2.548 billion. Total … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards