The company stated that the preliminary attributable gold and copper sales of 1.2 million ounces and 42 million pounds for the fourth quarter, respectively.
TORONTO(BullionStreet): Canada based Newmont Mining Corporation said it expects a sharp decline in gold and copper production in the last quarter of 2012.
In a statement, Newmont,one of the world's largest gold producers with significant assets or operations on five continents said, in the 4th quarter, company's total attributable gold production to reach 1.252 million ounces, down from 1.304 million ounces last year.
Copper production is expected to reach 35 million pounds, down from 47 million pounds reported a year-earlier. The company stated that the preliminary attributable gold and copper sales of 1.2 million ounces and 42 million pounds for the fourth quarter, respectively. ...
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