Newmont Gold reported second quarter net income of $24.5 million or 23 cents per share, virtually identical to last year’s results for the same period. Gold sales in the quarter amounted to 194,500 oz at an average price of $454 per oz. This compares with 157,200 oz at $451 per oz in the comparable quarter a year ago.
Net income for the first six months was $43.7 million or 42 cents per share compared with $39 million or 38 cents per share last year. In the latest quarter, 25.6 million tons of material was mined from its various operations as new areas were prepared for production. Newmont, which operates five mines along the Carlin trend in Nevada, has 16 deposits and the largest proven and probable gold reserves in North America.
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