Newmont slips despite Q3 earnings beat as gold production drops 15% (NEM:NYSE)
Core Viewpoint - Newmont reported better-than-expected Q3 adjusted earnings and revenues, but lower production levels hindered the company's ability to capitalize on record-high gold prices [3]. Financial Performance - Q3 profit doubled to $1.83 billion, or $1.67 per share, compared to $922 million, or $0.80 per share, in the same quarter last year [4]. - Adjusted earnings exceeded expectations, indicating strong financial performance despite production challenges [3].