Monday, April 26, 2010

Newmont Mining (ASX:NEM), Barrick Gold (TSE:ABX) and Goldcorp (TSE:G) Quarterly Earnings Preview Report

Newmont Mining (ASX:NEM) (NYSE:NEM), Barrick Gold (TSE:ABX)(NYSE:ABX) and Goldcorp (TSE:G)(NYSE:GG) are about to release their quarterly reports this week, and all of them look like they've enjoyed a solid quarter.

It looks like Newmont Mining and Barrick Gold will outperform Goldcorp the last quarter, even with Goldcorp's usual low-cost operational advantage.

Barrick should explode its earnings per share, with estimates they'll increase by about 92.5 percent from the same quarter last year. Newmont looks good there to, as they're expected to generate 33.3 percent growth in earnings per share. Goldcorp on the other hand looks like they're going the opposite direction with their earnings, projected to drop by 32.5 percent from last year during the same quarter, although they should still enjoy about a 27 percent growth per share.

Last year Goldcorp generated 40 cents earnings per share.

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