Newmont Mining Corp. 2Q profit climbs

Newmont Mining Corp. 2Q profit climbs

Newmont Mining Corp. on Thursday said higher gold and copper prices drove up second-quarter profit, despite lower sales volumes.

Analysts in a Thomson Financial poll expected earnings of 47 cents per share and sales of $1.37 billion.

Q2 2006 versus 2005 Net income: $161M/$50M Sales: $1.31B/$997M EPS: 36 cents/11 cents Ticker/exchange: HET/NYSE Market cap: $22.68B Yesterday’s close: $50.53, down $2.50 (4.71 percent). 52-week range: $37.43-62.72.

Employment outlook: N/A.

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