The Denver, Colorado-based Newmont’s quarterly attributable gold production rose to 1.7 million ounces from 1.27 million ounces a year earlier, boosted through sites acquired following its acquisition of Australia’s Newcrest A$26.2 billion ($17.09 billion) in November.
Newmont also saw higher average gold price at $2,090 per ounce in the January-March quarter from $1,906 a year earlier, as prices of the precious metal have increased by about 8.2%.
All-in-sustaining cost for gold, an industry metric that reflects total expenses associated with production, rose to $1,439 per ounce of gold from $1,376 a year earlier.
($1 = 1.5328 Australian dollars)
(By Seher Dareen; Editing by Krishna Chandra Eluri)