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DENVER (AP) - Newmont Mining Corp., the world's largest gold producer, reported Wednesday its third-quarter results declined 2 percent, saying steeper costs offset an increase in revenue tied to higher gold prices.
The Denver-based company also said third-quarter sales of gold from its Nevada mine were flat because of a shortage of underground miners and adverse conditions.
For the quarter, Newmont reported net income of $126 million, or 28 cents a share, compared with $129 million, or 29 cents a share, in the third quarter of 2004. Revenue was up slightly from $1.14 billion to $1.16 billion because of higher gold prices.
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