NEM News: Gold miner Newmont tops profit estimates; asset sale attracts strong interest - 25th Apr 2024, 9:09pm

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By Seher Dareen

(Reuters) -Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday, as the world's largest gold miner benefited from robust production, higher prices and lower operating expenses.

Shares rose 11.2% to a nine-month high of $43.07 as the company also disclosed strong interest in its asset sale plans.

Quarterly attributable gold production rose to 1.7 million ounces from 1.3 million ounces a year earlier.

The company has disclosed plans to divest non-core as...

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