Newmont Q1 Earnings: Gold Boom Masks Production Problems
Gold may have taken a bit of a beating in the spot markets on Wednesday following some much-needed stability returning to the capital markets, but it doesn’t seem to have phased the world’s largest gold miner.
Posting record free cash flow in your first quarter financial results however does help things a bit. And so does providing a billion dollars worth of total returns to shareholders in the form of stock buybacks and dividends.
So how did Newmont (TSX: NGT) do?
Lets dive in.
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As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
