Newmont Mining’s Quarterly Profit Dips 26 Percent

CNBC reported that Newmont Mining’s Profits dove, pressured by cost increases and lower output at its Indonesian mines.

CNBC reported that Newmont Mining’s quarterly profits fell, pressured by lower production and higher costs.

As quoted in the market report:

Total copper production fell 38 percent in the quarter ended Sept. 30, while attributable gold production dropped 5 percent to 1.24 million ounces.

To view the whole CNBC report, click here.

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