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Actionable news in NEM: NEWMONT MINING Corp,

Newmont (NEM) Q2 Earnings: Will the Stock Beat Estimates?

Gold miner Newmont Mining Corporation NEM is scheduled to report second-quarter 2016 results after the closing bell on Jul 20.

Last quarter, the company had delivered a positive earnings surprise of roughly 61.90%. Newmont has beaten the Zacks Consensus Estimate in three of the trailing four quarters, by an average of 3.88%.

Let’s see how things are shaping up for this announcement.

Factors to Consider

During its first-quarter 2016 earnings call, Newmont provided its outlook and expects attributable gold production to increase from a range of 4.8–5.3 million ounces in 2016 to 5.2–5.7 million ounces in 2017. It anticipates its outlook to remain stable thereafter, in the range of 4.5–5 million ounces through 2020. Newmont sees attributable copper production in the range of 120,000–160,000 tons in 2016 and 2017.

Newmont continues to invest in growth projects in a calculated manner, and expects to produce between 5.2–5.7 million ounces of gold annually by...


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