SOURCE: Industrial Info Resources

Industrial Info Resources

April 28, 2014 06:30 ET

Newmont Mining Endures Weak Gold, Copper Prices in First-Quarter 2014, Expects Full-Year Capex to Outpace 2013, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Apr 28, 2014) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- Newmont Mining Corporation (NYSE:NEM) (Denver, Colorado) took a hit in profits in the first quarter of 2014, as average realized gold and copper prices tumbled 21% and 20%, respectively. Still, the company saw strong improvements in production, including a 40% increase at its Tanami mine in Australia's Northern Territory, and in cost efficiency. Industrial Info is tracking more than $9.5 billion in active projects involving Newmont.

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