Newmont beats quarterly profit estimates

By Thomson Reuters Apr 25, 2024 | 6:09 AM

(Reuters) – Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday, as the world’s largest gold miner benefited from strong production.

On an adjusted basis, the company posted a net income of 55 cents per share for the quarter ended March 31, compared with the average analyst estimate of 36 cents per share, according to LSEG.

(Reporting by Seher Dareen in Bengaluru; Editing by Krishna Chandra Eluri)