Newmont first-quarter earnings fall on metal prices

Thu Apr 24, 2014 6:32pm EDT
 
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April 24 (Reuters) - Newmont Mining Corp, which sources have said is in talks with Barrick Gold Corp on a merger, reported a steep drop in first-quarter earnings on Thursday as a result of lower gold and copper prices

Newmont, the world's second-biggest gold producer after Barrick, said net income from continuing operations fell to $117 million, or 23 cents per basic share, in the quarter, from $314 million, or 63 cents per share, in the same period a year ago. (Reporting by Nicole Mordant in Vancouver; Editing by Steve Orlofsky)