Newmont beats quarterly profit estimates on higher gold production

Newmont Corp beat Wall Street expectations for second-quarter profit on Wednesday, as the world’s biggest gold miner benefited from robust production and easing costs.

On an adjusted basis, the Denver, Colorado-based company posted a profit of 72 cents per share for the April-June quarter, compared with analysts’ estimates of 62 cents, according to LSEG data.

(By Vallari Srivastava; Editing by Sriraj Kalluvila)

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