Stock Monitor: Alio Gold Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 18, 2018 / If you want access to our free earnings report on Newmont Mining Corp. (NYSE: NEM) ("Newmont"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=NEM. The Company reported its first quarter fiscal 2018 operating and financial results on April 26, 2018. The gold and copper miner beat earnings expectations and also provided guidance for Gold and Copper. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Alio Gold Inc. (NYSE American: ALO), which also belongs to the Basic Materials sector as the Company Newmont Mining. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Newmont Mining most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the first quarter of the fiscal year 2018, Newmont's revenues rose 8% to $1.82 billion compared to $1.69 billion in Q1 2017, driven by a higher realized gold price. The Company's revenue numbers lagged analysts' estimates of $1.85 billion.

Newmont's net income from continuing operations attributable to common stockholders was $170 million, or $0.32 per diluted share, compared to $70 million, or $0.13 per diluted share, in Q1 2017, primarily due to higher average realized gold prices.

Newmont's adjusted net income was $185 million, or $0.35 per diluted share, compared to $136 million, or $0.26 per diluted share, in Q1 2017, as favorable pricing was partially offset by a lower production and higher costs applicable to sales (CAS). The adjustments to net income of $0.03 during the reported quarter were related to restructuring, valuation allowances, and other tax adjustments. Newmont's earnings beat Wall Street's estimates of $0.33 per share.

Operating Results

During Q1 2018, Newmont's attributable gold production fell 2% to 1.21 million ounces on a y-o-y basis, attributed to a lower leach activity at Yanacocha, a lower grade and scheduled maintenance at Boddington, and a lower grade and reduced recovery at CC&V, associated with the stockpiling of concentrate for shipments to Nevada, partially offset by an improved production from Merian, Tanami, Carlin, and Ahafo.

For Q1 2018, Newmont's average realized price for gold was $1,326, reflecting an improvement of $107 per ounce compared to the prior year's same quarter. The Company's Gold CAS rose 7% to $982 million on a y-o-y basis in the reported quarter. Gold CAS per ounce rose to $748 in Q1 2018, due to higher oil prices, higher mill maintenance costs at Boddington, and higher stockpile and leach pad inventory adjustments. Gold all-in sustaining costs (AISC) rose 8% to $973 per ounce on a y-o-y basis in the reported quarter, due to higher CAS and increased advanced projects and exploration expenses.

For Q1 2018, Newmont's attributable copper production from Phoenix and Boddington decreased 8% to 12,000 tons on a y-o-y basis. The Company's average realized price for copper was $2.88 per pound, an improvement of $0.20 versus the prior year's comparable quarter. Copper CAS totaled $47 million in Q1 2018, while Copper CAS was $1.74 per pound, reflecting an increase of 16% on a y-o-y basis, due to changes in gold-copper cost allocation at Boddington. Copper AISC rose 17% to $2.07 per pound on higher CAS in Q1 2018.

Cash Matters

Newmont's consolidated operating cash flow from continuing operations fell 29% to $266 million on a y-o-y basis, due to higher working capital outflows. The Company's free cash flow decreased $162 million to $35 million in the reported quarter, due to a lower operating cash flow and a higher investment in growth projects.

Newmont ended the reported quarter with cash on hand of $3.1 billion, a leverage ratio of 0.4x net debt to adjusted EBITDA, and one of the best credit ratings in the mining sector.

Outlook

Newmont's attributable gold production remains unchanged at between 4.9 million ounces and 5.4 million ounces for 2018 and 2019. The Company is expecting longer-term production to remain stable at between 4.6 million ounces and 5.1 million ounces per year through 2022, excluding development projects which are yet to be approved.

Newmont re-affirmed its Gold CAS outlook to be between $700 per ounce and $750 per ounce for 2018. The Company's AISC forecasted remains unchanged at between $965 per ounce and $1,025 per ounce for 2018.

Newmont reiterated its attributable copper production guidance at between 40,000 tons and 60,000 tons for 2018 and 2019, increasing to between 45,000 tons and 65,000 tons, longer-term through 2022. The Company's Copper CAS and AISC remains unchanged at between $1.65 per pound and $1.85 per pound, and $2.00 per pound and $2.20 per pound, respectively, for 2018.

Stock Performance Snapshot

May 17, 2018 - At Thursday's closing bell, Newmont Mining's stock marginally fell 0.83%, ending the trading session at $39.36.

Volume traded for the day: 3.08 million shares.

Stock performance in the previous six-month period ? up 8.49%; past twelve-month period ? up 14.89%; and year-to-date ? up 4.90%

After yesterday's close, Newmont Mining's market cap was at $21.02 billion.

Price to Earnings (P/E) ratio was at 28.36.

The stock has a dividend yield of 1.42%.

The stock is part of the Basic Materials sector, categorized under the Gold industry. This sector was up 0.6% at the end of the session.

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