Newmont Reports Q1 Production and Sales, Reaffirms FY 2013 Guidance; Shares Up 1% in Pre-Market
Newmont Mining Corporation ( NEM ) reported preliminary first quarter attributable gold and copper production of 1.165 million ounces and 38 million pounds, respectively. Preliminary attributable gold and copper sales were 1.142 million ounces and 31 million pounds, respectively, at average realized prices of approximately $1,631 per ounce of gold and $3.13 per pound of copper.
The company currently continues to expect full year 2013 attributable gold and copper production of 4.8 - 5.1 million ounces and 150 - 170 million pounds, respectively.
NEM was up more than 1% to $32.81 in pre-market trade. It touched 52-week low $32.13 yesterday.