Newmont Mining Faces $77 Million in Charges, Output Falls

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.

To view the full Reuters report, click here.