Posted AT 5:00 PM EST on 27/02/06
Newmont profit falls 67%
Denver — Gold producer Newmont Mining Corp. reported Monday a 67-per-cent slide in fourth-quarter profit, as higher operating costs and one-time charges offset revenue growth. Its shares tumbled more than five per cent.
Net income slid to $62-million (U.S.), or 14 cents a share, from $190-million, or 42 cents a share, in the year-ago quarter.
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