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Hope Bay Writedown Means Quarterly Loss for Newmont
Feb. 24, 2012 08:43AM PST
Precious Metals InvestingBloomberg reported that Newmont Mining (NYSE:NEM) reported a quarterly loss, citing the writedown of its Hope Bay gold project.
Bloomberg reported that Newmont Mining (NYSE:NEM) reported a quarterly loss, citing the writedown of its Hope Bay gold project.
As quoted in the market news:
The net loss was $1.03 billion, which compared with net income of $812 million a year earlier, Greenwood Village, Colorado-based Newmont said yesterday in a statement.
