Gold price skyrockets over 40%! Newmont Mining (NEM.US) Q2 earnings greatly exceed expectations.

According to igeekfinance APP, the world's largest gold miner, Newmont Mining (NEM.US), has made progress in cost control and achieved better-than-expected profit performance as the industry is supported by rising precious metal prices. The financial report shows that Newmont Mining's Q2 revenue was $5.32 billion, a year-on-year increase of 20.9%, exceeding market expectations by $400 million; non-GAAP earnings per share in the second quarter were $1.43, exceeding market expectations by $0.27.