Newmont misses profit estimates on mining disruptions, higher costs

Mining News Pro - Newmont missed second-quarter profit estimates on lower production and higher costs, sending shares of the world’s largest gold miner down on Thursday.

Worldwide mining disruptions

Mining News Pro - On a global scale, work is grinding to a halt and operations at mines are being temporarily suspended as majors and minors move to enact measures to protect against the spread of covid-19.

Expect more global mining disruptions

Mining News Pro - Fitch Solutions sees increasing downside risk to mineral production as the Covid-19 pandemic raises the chances of persistent operational disruptions.

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