{"id":8936,"date":"2013-08-14T04:10:41","date_gmt":"2013-08-14T08:10:41","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=8936"},"modified":"2013-08-14T04:26:58","modified_gmt":"2013-08-14T08:26:58","slug":"newmont-mining-corp-nysenem-proposes-a-strategy-to-reduce-costs-and-strengthen-present-operations","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/newmont-mining-corp-nysenem-proposes-a-strategy-to-reduce-costs-and-strengthen-present-operations-8936","title":{"rendered":"Newmont Mining Corp (NYSE:NEM) Proposes a Strategy to Reduce Costs and Strengthen Present Operations"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 08\/14\/2013 (wallstreetpr) &#8211;\u00a0Newmont Mining Corp (NYSE:NEM)\u2019s novel management group during an investor day call summed up approach to lessen costs and strengthen existing operations. The firm gave perceptivity to its shareholders on its long-term approach. The firm, which also proposes to diminish costs and strengthen present operations, should utilize the present purchasers\u2019 market to stock up on innovative discovery resources.<\/p>\n<p style=\"text-align: justify;\">In a message, John Bridges, market expert at JP Morgan stated, \u201cLong-standing miners purchase low with aim that they can mine larger.\u201d<\/p>\n<p style=\"text-align: justify;\">Newmont Mining Corp, a well-known gold producer, posted a shocking 2<sup>nd<\/sup> quarterly period loss after a sharp decline in gold rates and a destruction charge associated to its two Australia-based mines.<\/p>\n<p style=\"text-align: justify;\"><b>Newmont Mining Corp (NYSE:NEM) Proposes to Trim Down Staff by 1\/3rd<\/b><\/p>\n<p style=\"text-align: justify;\">The company registered loss during the second quarterly period. Gold rates have declined speedily over the past several months. Newmont Mining Corp (NYSE:NEM) has recorded a hefty loss of $2 billion in the second quarter. This is mainly because of the decreases in the gold rates and the impairment charges in relation with 2 of the firm\u2019s Australian mines.<\/p>\n<p style=\"text-align: justify;\">Newmont Mining Corp plans to lessen the workforce by 1\/3rd. For the last 3 month period that ended on June 30, the company has confronted a loss of around $4.06 for each share as against 2012\u2019s net income of $279 million. The company\u2019s revenue dropped down by around 11 per cent as against $2.23 billion to $1.99 billion as compared to the value of $2.08 billion that was Wall Street\u2019s approximation.<\/p>\n<p style=\"text-align: justify;\"><b>Newmont Mining Corporation (NYSE: NEM) Announces Quarterly Dividend of $0.25 per Share<\/b><\/p>\n<p style=\"text-align: justify;\">Newmont Mining Corporation (NYSE: NEM) (&#8220;Newmont&#8221; or the &#8220;Company&#8221;) has declared that its Board of Directors announced a quarterly dividend of $0.25 per share of common stock. The dividend will be paid on September 27, 2013 to the stockholders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 08\/14\/2013 (wallstreetpr) &#8211;\u00a0Newmont Mining Corp (NYSE:NEM)\u2019s novel management group during an investor day call summed up approach to lessen costs and strengthen existing [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":8937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[2752,2753],"stock_ticker":[],"class_list":["post-8936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-newmont-mining-corp-nysenem","tag-nysenem","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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