July 25, 2017 / 12:14 PM / 2 months ago

Gold miner Newmont's adjusted quarterly profit jumps 60 pct

July 25 (Reuters) - Newmont Mining Corp, the world’s second-biggest gold producer by market value, reported a 60 percent jump in adjusted quarterly profit on Tuesday, as production improved.

The company’s adjusted net income rose to $248 million, or 46 cents per share, in the second quarter ended June 30, from $155 million, or 30 cents a share, a year earlier.

Newmont’s revenue rose to $1.88 billion from $1.67 billion a year earlier as gold production grew 13.3 percent to 1.4 million ounces in the quarter. (Reporting by Anirban Paul in Bengaluru; Editing by Amrutha Gayathri)

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