(Kitco News) – Newmont Mining Co. (NYSE:NEM) reported net income of $210 million, or 42 cents share, in the third quarter, compared with $419 million, or 84 cents per share, in the third quarter of 2013.
Gold prices ended the U.S. day session sharply lower and hit a three-week low Thursday. Precious metals have been hit hard by a stronger U.S. dollar and a surprisingly hawkish Federal Reserve. Silver prices slumped to a four-year low Thursday. December Comex gold was last down $25.50 at $1,199.40 an ounce. Spot gold was last quoted down $12.40 at $1,199.40. December Comex silver last traded down $0.804 at $16.46 an ounce.
Credit Agricole sees gold stabilizing in the fourth quarter on “conflicting” influences but then soften in 2015.