Their cash margins are practically IDENTICAL at roughly 500$ per ounce of gold sold.  Gold was $915 during the quarter reported July 2009.  Gold was $1104 in the quarter reported October 2015.   Even their net long term debt is practically identical at 2.3 billion in 2009 and slightly over 3 billion in 2015.  THESE MINERS ARE NOT BROKEN COMPANIES… they are just perceived to be broken.   Now let me ask… why is this company at 18 “heading to zero” today and 45 headed to 60 then????

2009          2015

Cash from operating activities in mln USD        894             813

Free cash flow                                                           503             478

GAAP EPS                                                                   .35              .38

 

DENVER, July 23, 2009 – Newmont Mining Corporation (NYSE: NEM) (“Newmont” or the “Company”) today announced second quarter results, with equity gold sales of 1.2 million ounces at an average realized price of $915 per ounce and costs applicable to sales of $423 per ounce, resulting in adjusted net income(1) of $213 million ($0.43 per share), compared to $221 million ($0.50 per share) for the prior year quarter. Net income from continuing operations on a GAAP basis(2) was $171 million ($0.35 per share) for the second quarter, compared to $270 million ($0.60 per share) for the year ago quarter. The 2009 decrease is primarily due to lower realized copper prices and a significantly higher tax rate, partially offset by higher sales volumes and lower operating costs.

Second Quarter 2009 Highlights:

  •   Equity gold sales of 1.2 million ounces at an average realized price of $915 per ounce;
  •   Equity copper sales of 47 million pounds at an average realized price of $2.17 per pound;
  •   Costs applicable to sales for gold of $423 per ounce, down 4% from $439 per ounce in the yearago quarter;
  •   Costs applicable to sales for copper of $0.58 per pound;
  •   Net cash provided from continuing operations of $503 million; and
  •   Adjusted net income(1) of $213 million ($0.43 per share).

 

 

Newmont Announces Third Quarter Operating and Financial Results

DENVER, October 28, 2015 – Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) announced third quarter results, including $813 million in operating cash flow, and $758 million in adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA)1.

  • Net income: Achieved GAAP net income attributable to shareholders from continuing operations of $202 million, or $0.38 per share, compared to $210 million or $0.42 per share in the prior year quarter; adjusted net income2 was $126 million, or $0.23 per share, compared to $249 million or $0.50 per share in the prior year quarter
  • Consolidated Adjusted EBITDA: Delivered Adjusted EBITDA of $758 million in the third quarter, compared to $455 million in the prior year quarter
  • Consolidated cash flow: Generated cash from continuing operations of $813 million compared to $328 million in the prior year quarter and free cash flow3 from continuing operations of $478 million, compared to $51 million in the prior year quarter
  • All-in sustaining costs (AISC)4: Improved gold AISC to $835 per ounce compared to $995 per ounce in the prior year quarter, and copper AISC to $1.54 per pound compared to $6.61 per pound in the prior year quarter
  • Costs applicable to sales (CAS): Improved gold CAS to $608 per ounce compared with $705 per ounce in the prior year quarter, and copper CAS to $1.15 per pound compared to $5.73 per pound in the prior year quarter