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Newmont Mining Faces $77 Million in Charges, Output Falls
Oct. 17, 2012 07:33AM PST
Precious Metals Investing
Reuters reported that Newmont Mining (NYSE:NEM)’s production for Q3 has fallen by 6%, and are facing a record-setting $77 Million in charges associated with maintenance and restructuring.
Reuters reported that Newmont Mining (NYSE:NEM)’s production for Q3 has fallen by 6%, and are facing a record-setting $77 Million in charges associated with maintenance and restructuring.
As quoted in the report:
Newmont cited lower mill availability and recoveries at Boddington in Western Australia, and lower ore tons and grade mined at Tanami in northern Australia as reasons for lower productivity.
