Newmont Mining Takes Hit from Prices, Divestments in 2014, Puts 2015 Sustaining Capex as High as $950 Million
SUGAR LAND--February 23, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Lower prices for gold and copper weighed down profits and revenues for Newmont Mining Corporation (NYSE:NEM) (Denver, Colorado) in full-year 2014, as did heavy costs from divestments. Still, the company reported stronger production at major mines in Africa, Asia and Nevada. Industrial Info is tracking $11.33 billion in active projects involving Newmont.
Within this article: Details on Newmont's quarter and projects, including the construction of a major gold mine in Winnemucca, Nevada.
