Earnings up but production down at Newmont

DESPITE producing about 130,000 ounces less than it did in the same quarter last year, Newmont Mining has more than doubled its income compared to the same period, earning $US213 million ($A288 million) in the first quarter of 2006.

Earnings up but production down at Newmont Earnings up but production down at Newmont Earnings up but production down at Newmont Earnings up but production down at Newmont Earnings up but production down at Newmont

A $48 million tax estimate revision in Australia provided almost a quarter of Newmont’s earnings for the quarter, though even without that addition the $213 million result compares favourably with $85

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