Newmont reports Q1 EPS 55c, consensus 36c

Reports Q revenue $4.023B, consensus $3.670B.” Reports Q1 adjusted EBITDA increased 23 % to $1,694 M for the quarter, compared to $1,382 M for the prior quarter. Newmont delivered a strong first quarter operational performance, producing 2.2 M gold equivalent ounces and generating over $1.4 billion in cash from operations before working capital changes,” said Tom Palmer, Newmont’s President and Chief Executive Officer. “Underpinned by the gold industry’s leading portfolio of Tier 1 gold and copper operations, we remain well-positioned to achieve our full-year guidance and deliver meaningful synergies and productivity improvements from the combined portfolio. We remain focused on delivering on the commitments we laid out at the beginning of this year, creating an attractive value proposition for new and existing investors during this unique time in the gold industry.”