Thursday, January 19, 2006 NEWMONT MINING CORP Newmont Mining Corp. (NYSE: NEM) expects gold sales to fall to eight million ounces in 2006, down from 8.6 million ounces sold last year, the company announced Wednesday. In 2006, costs applicable to sales are estimated to be US$270 to US$280 per ounce. In 2005, the comparable figure was US$238 per ounce. The company said gold sales will fall this year and in 2007 as a result of lower production from Yanacocha in Peru, planned mine closures and previously announced asset sales.
(See Canadian Press:
Newmont to sell 8 million ounces of gold in 2006, down 7% from 2005
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Thursday, January 19, 2006
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