Newmont provides updated 2020 outlook and confirms long-term guidance

Newmont provides updated 2020 outlook and confirms long-term guidance.newmont - newmont's 2020 outlook is approximately 6.0 million ounces of attributable gold production.newmont - 2020 costs applicable to sales is expected to be $775 per ounce.newmont - continues to ramp up operations at peÑasquito, cerro negro, ÉlÉonore and yanacocha.newmont - 2020 all-in sustaining costs is expected to be $1,015 per ounce.newmont - among newmont's 12 operating mines and two joint ventures, 13 sites will be fully operational in coming weeks.newmont - revised 2020 outlook includes production, cost impacts from five operations temporarily placed into care and maintenance.newmont - revised 2020 outlook includes production,cost impacts from five operations temporarily placed into care,maintenance for average of 45 days.newmont - q2 is expected to be lowest production and highest cost quarter of 2020 as sites ramp up from care and maintenance.newmont - for exploration & advanced projects, about 80% of co's exploration budget is allocated to near-mine with majority of work suspended in march.newmont - total 2020 capital expenditure is now expected to be about $1.3 billion.
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