Newmont Mining Slumps on Output Warning

Market Watch reports that Newmont Mining Corp. (NYSE:NEM) was hit Thursday after the world’s second biggest gold producer lowered its estimated 2011 gold output, lessening the glow off a 46% jump in its fourth-quarter profit.

The market news is quoted as saying:

The miner said it expects 2011 gold production to be around 5.1 million to 5.3 million ounces, a drop from its 5.3 million to 5.4 million estimate in November. The downward adjustment reflects primarily lower production at its Batu Hijau mine in Indonesia. The company put its 2011 copper output in a range between 190 million to 220 million pounds.

Click here to access the entire market news.

Get the Latest Gold Investing Stock Information

Get the latest information about companies associated with Gold Investing delivered directly to your inbox.

Gold Mine Development
Gold Production/Mining
Gold Project Generators
Gold Prospecting and Exploration
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.


There Is No Guide to Gold That is More Concise, Clear and Authoritative.

Download our FREE Special Report, Is Gold a Good Investment? Gold Price Forecast 2015 .

Leave a Reply