SMM7, March 31 / PRNewswire-FirstCall-Asianet /-- Newmont said adjusted net income for the second quarter rose to $261 million, or 32 cents a share, from $92 million a year earlier, slightly higher than analysts' expectations of 31 cents. The total cost of producing gold rose 8 per cent in the second quarter to $1097 an ounce. Gold prices rose sharply as the novel coronavirus epidemic and rising tensions between China and the United States led to demand for safe-haven assets.
The average price of gold in Newmont rose about 31 per cent to $1724 an ounce in the quarter ended June 30. However, gold production fell 21% to 1.26 million ounces in the quarter, as some mines were temporarily closed due to blockades related to the novel coronavirus epidemic.
"SMM online Q & A" has come to the market, price, information if you have any questions, feel free to ask!
Scan the QR code and join the SMM metal communication group.
![This Week, Platinum and Palladium Experienced Significant Pullbacks, End-Use Demand Recovered, and Spot Market Trading Was Normal [SMM Platinum and Palladium Weekly Review]](https://imgqn.smm.cn/usercenter/obeMy20251217171735.jpg)
![Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]](https://imgqn.smm.cn/usercenter/LVqfJ20251217171736.jpg)
