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Monday, April 26, 2010

Newmont Mining (ASX:NEM) Earnings Preview - Looks Solid

Newmont Mining (ASX:NEM)(NYSE:NEM) appears to have a solid quarter under its belt, which should be confirmed when they release their report.

Newmont has been working on streamlining its operations and that should be reflected in their earnings results, which are estimated to reach 77 cents a share on $2.15 billion in sales.

That's up from the 40 cents a share the company generated in the same quarter last year on revenue of $1.44 billion.

The worlds second-largest gold production company has been incrementally increasing margins from 46 percent in 2005 to 57 percent in 2009.

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