July 26, 2018 / 11:03 AM / 3 months ago

Newmont's profit rises on lower costs, higher gold prices

July 26 (Reuters) - Gold miner Newmont Mining Corp reported a higher quarterly profit on Thursday, as lower costs and higher gold prices more than offset a fall in production.

Net income attributable to shareholders rose to $292 million, or 54 cents a share, in the second quarter ended June 30, from $175 million, or 33 cents per share, a year earlier.

Total sales fell to $1.66 billion from $1.88 billion. (Reporting by Karan Nagarkatti in Bengaluru; Editing by Shailesh Kuber)

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