Gold Trades Near Session Low, Down 1%

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Newmont Mining (NEM) Announces Updated 2018 and Longer-term Outlook

December 6, 2017 5:47 AM EST

Newmont Mining Corporation (NYSE: NEM) announced its improved 2018 outlook1, increasing attributable gold production guidance to between 4.9 and 5.4 million ounces and improving AISC2 to between $965 and $1,025 per ounce, compared to previous 2018 guidance.

Highlights

Gold costs applicable to sales (CAS): CAS guidance for 2018 is improved to between $700 and $750 per ounce, compared to previous 2018 guidance of between $700 and $800 per ounce; CAS is expected to be between $620 and $720 per ounce for 2019 and between $650 and $750 per ounce longer term through 2022.Gold all-in sustaining costs (AISC): AISC... More