Newmont Corporation (NYSE: NEM), the world’s largest gold miner, is expected to publish its Q1 2023 earnings on April 21, reporting on a quarter that saw a meaningful run-up in prices.
Newmont Corporation (NYSE: NEM), the world’s largest gold miner, is expected to publish its Q1 2023 earnings on April 21, reporting on a quarter that saw a meaningful run-up in prices. We expect the company’s revenues for the quarter to stand at about $3.62 billion, slightly ahead of the consensus estimates, and an increase of about 20% versus last year. We anticipate that earnings will come in at about $0.55 per share, compared to a consensus of $0.53 per share. See our analysis of Newmont Mining Earnings Preview for more details on what to expect when Newmont reports earnings.
Prices for the yellow metal have risen from around $1,830 per ounce in early January 2023 to a little over $2,000 currently amid stress in the banking system and worries about the global economy.
