Finance > Profit-loss

Newmont posts loss, no one minds

Newmont Mining (US:NEM) generated 12% more cash than the year before in 2017, although stayed in the red because of tax impairments in the December quarter.

Staff reporter

Finance > Profit-loss

Newmont posts loss, no one minds

Newmont Mining (US:NEM) generated 12% more cash than the year before in 2017, although stayed in the red because of tax impairments in the December quarter.

Staff reporter

Newmont posts loss, no one minds

The Tanami project will be expanded in 2018

Newmont's EBITDA figure of US$2.65 billion came in a year when the miner produced 5.3 million ounces of gold (up 8% year-on-year), matching Barrick Gold (US:ABX) in the December quarter with 1.34Moz.