Cost control shows good results: Newman Mining (NEM.US) Q2 profits exceed expectations, reaffirms full-year production targets.

According to the app of Securities Times, despite the weakening gold price and the impact of earthquakes, thanks to effective cost control, Newmont Mining (NEM.US) announced that its second-quarter profits were still higher than expected. The financial report shows that the company's second-quarter revenue was $6.12 billion, up 15.0% year-on-year, $190 million less than expected; adjusted earnings per share were $2.10, exceeding expectations by $0.12.