Caterpillar Delivers Blowout Quarter In 1Q

Caterpillar Inc. (CAT) delivered a blowout quarter in 1Q as the manufacturer of mining and construction equipment posted revenues of $11.9 billion, up 12% year-on-year and beating analysts’ estimates of $10.9 billion. The company reported adjusted earnings of $2.87 per share in 1Q that blew past consensus estimates of $1.94 per share. Caterpillar Chairman and CEO Jim Umpleby said, “I’m proud of our global team’s strong performance as they continue to serve our customers. We’re encouraged by improving conditions in our end markets and are proactively managing supply chain risks....

Newmont Mining Corp. Q1 adjusted earnings of $0.74 per share

(RTTNews) - Newmont Mining Corp. (NEM) announced earnings for first quarter that declined from the same period last year. The company's bottom line totaled $538 million, or $0.70 per share. This compares with $837 million, or $1.02 per share, in last year's first quarter. Excluding items, Newmont Mining Corp. reported adjusted earnings of $594 million or $0.74 per share for the period. The company's revenue for the quarter rose 11.2% to $2.87 billion from $2.58 billion last year. Newmont Mining Corp. earnings at a glance: -Earnings (Q1): $594 Mln. vs....

Sandstorm Gold (SAND) Lags Q1 Earnings Estimates

Sandstorm Gold (SAND) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -40%. A quarter ago, it was expected that this provider of financing for gold mining companies would post earnings of $0.05 per share when it actually produced earnings of $0.05, delivering no surprise. Over the last four quarters, the company has surpassed consensus...

Mining gear maker Epiroc profit lags forecasts, shares fall

Adds detail, shares, background STOCKHOLM, April 28 (Reuters) - Swedish mining gear maker Epiroc EPIRa.ST reported first-quarter operating earnings below market expectations on Wednesday, sending its shares down more than 4%. Operating earnings at the firm rose to 1.87 billion Swedish crowns ($223.2 million) from 1.93 billion a year earlier, lagging the 2.13 billion average analyst forecast according to Refinitiv data. Earnings included negative one-off items of 149 million crowns. Epiroc said order intake reached 10.7 billion crowns in the quarter, up 21% on a like-for-like basis from the year-earlier...

France’s Eramet says sales buoyed by mining unit, passes on A&D offer

PARIS, April 26 (Reuters) - France's Eramet ERMT.PA reported a rise in first-quarter sales on Monday as higher prices and output boosted its mining division, offsetting a slide at Aubert & Duval (A&D), the struggling aeronautics alloys supplier it is trying to sell. Group sales reached 838 million euros ($1.01 billion), up 8% compared with the same period a year earlier, including an 18% rise for its mining and metals branch to 683 million euros, the French company said in a statement. The market context for the mining and metals...

Nordgold settles $525m debt

Diversified gold producer Nordgold has repaid in full the $325-million seven-year debt facility provided to it by Russian State-owned bank Sberbank in April 2017. It, in January, also repaid the full outstanding $200-million under a five-year syndicated loan provided to Nordgold in March 2018 by mandated lead arrangers. These lenders include Dutch multinational banking group ING, Russian bank AO Raiffeisenbank, Austrian banking group Raiffeisen Bank International, Russian universal bank PJSC Rosbank, French investment bank Societe Generale and financial services provider AO UniСredit Bank. Nordgold CEO Nikolai Zelenski says the company’s...

Metso Outotec Q1 profit beats forecast on aggregates lift

Adds quotes, details on aggregates April 23 (Reuters) - Finland's Metso Outotec MOCORP.HE reported a bigger than expected jump in first-quarter profit on Friday on recovering demand especially for its aggregates business and cost savings from last year's merger that created the mining equipment firm. The company, which joined Outotec with the main business of Metso, said operating profit rose to 91 million euros ($109 million) from 68 million, beating the 84.5 million in a Refinitiv poll of analysts. "Our orders received increased 2% during the quarter, which was largely driven by a strong...
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