Newmont Doubles Profits and Barrick Gold Announces Dividend.

0 Comments | M2 Presswire, November, 2006

M2 PRESSWIRE-2 November 2006-U.S. Equity News: Newmont Doubles Profits and Barrick Gold Announces Dividend(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:02112006 City of Industry, CA - Gold & Silver industry alert provided by U.S. Equity News. Newmont Mining Corp.'s (NYSE: NEM) year-to-date earnings are more than double what they were at this time last year.

Net income for the first nine months of the year jumped to $568 million, far outpacing the $260 million for the same period last year. Denver-based Newmont said gold sales for the third quarter amounted to 1.7 million ounces at an average price of $615 per ounce. Net income for the quarter reached $198 million, compared with $126 million for the same quarter in 2005. Pan American Silver Corp. (Nasdaq:PAAS) is...