Newmont Cost-Cutting Helps Boost Earnings as Gold Prices Rally

Newmont Corp. has made progress getting its costs under control, helping the world’s top gold miner beat expectations on earnings at a time when a rally for the precious metal is underpinning the industry.

The producer’s all-in sustaining costs, the industry benchmark gauge for expenses, decreased about 4% to $1,593 per bullion ounce in the second quarter, the company said Thursday. That came in under analyst expectations.