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Newmont Mining Corp. (NYSE:NEM) announced today that its fourth-quarter earnings skyrocketed as gold and copper prices soared related to cost cutting methods.
Newmont earned $558 million, or $1.13 per share, compared with $4 million, or a penny a share, during the same period last year.
Adjusted profit was $1.14 per share, easily beating the 79 cents-per-share estimate of analysts surveyed by Thomson Reuters. These estimates normally exclude one-time items.
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