Newmont’s net income attributable to shareholders was $922 million in the quarter, nearly six times more than the year-earlier period, the Denver-based company said Wednesday in its earnings report. That windfall puts Newmont on track to rake in $3.2 billion this year, according to estimates, which would be the company’s strongest year on record.
Newmont is the first major gold miner to report results in an earning season that’s expected to see bumper profits for bullion miners. The companies are cashing in on a soaring gold price that has hit repeated record highs this year while costs for mining the metal have eased.
https://www.bnnbloomberg.ca/business/2024/10/23/newmont-posts-biggest-quarterly-profit-since-2019-on-gold-surge/
By the way, I also noticed that Torr Metals website still hasn't made any changes to their wording of the association with Newmont and Teck on Schaft Creek
herbie1