Gold major Newmont has posted an 85% year-on-year increase in its first-quarter adjusted net income, as new production from the acquisition of Goldcorp and higher average realised prices bolstered revenue.
The NYSE- and TSX-listed mining company on Tuesday reported adjusted net income of $326-million, or $0.40 a share, compared with $176-million, or $0.33 a share, in the prior-year quarter.