Newmont Mining (NEM) Tops Q4 EPS by 2c, Beats on Revenues

Newmont Mining (NYSE: NEM) reported Q4 EPS of $0.40, $0.02 better than the analyst estimate of $0.38. Revenue for the quarter came in at $1.94 billion versus the consensus estimate of $1.91 billion.

Fourth Quarter 2017 Summary

• Net income (loss): Delivered GAAP Net income (loss) from continuing operations attributable to stockholders of $(534) million or $(0.99) diluted share; adjusted net income was $216 million or $0.40 per diluted share, up 60 percent from the prior year quarter
• EBITDA: Generated $736 million in adjusted EBITDA, up 17 percent from the prior year quarter
• Cash flow: Increased consolidated operating cash flow from continuing operations to $754 million, up 28 percent from the prior year quarter; and increased free cash flow to $445 million, up 54 percent from the prior year quarter
• Gold CAS per ounce: Rose two percent to $693 per ounce
• Gold AISC per ounce: Rose five percent to $968 per ounce
• Production: Produced 1.3 million attributable gold ounces
• Shareholder returns: Nearly tripled the fourth quarter dividend declared to $0.14 per share compared to the prior year quarter

For earnings history and earnings-related data on Newmont Mining (NEM) click here.

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