Gold miner Newmont’s quarterly profit soars

February 22, 2007 - Posted in Mining Stocks, Precious Metal

Newmont Mining Corp., the world’s second-largest gold producer, said on Thursday that fourth-quarter profit more than tripled on much higher gold prices.

Net earnings were $223 million, or 49 cents per share, compared with $62 million, or 14 cents per share, a year earlier, the Denver-based mining company said.


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