Newmont's Second Quarter Adjusted Net Income(1) Rises to $230 Million ($0.51 per Share); Nevada...

This release should be read in conjunction with Newmont's Second Quarter 2008 Form 10-Q filed with the Securities and Exchange Commission on July 24, 2008 (available at http://www.newmont.com). DENVER, July 24 /PRNewswire-FirstCall/ -- Newmont Mining Corporation (NYSE: NEM) today announced second quarter results, with gold sales of 1.27 million equity ounces at an average realized gold price of $900 per ounce and costs applicable to sales of $440 per ounce, resulting in Adjusted net income(1) of $230 million ($0.51 per share), compared to Adjusted net income(1) of $103 million ($0.23 per share) in the year ago quarter. Net income on a GAAP basis was $277 million ($0.61 per share) during the second quarter, compared with a net loss of $2.1 billion (-$4.57 per share) in the year ago quarter. Second Quarter 2008 Highlights: --... [read full story]