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DENVER (AP) - Newmont Mining Corp., one of the world's leading gold producers, on Wednesday said third-quarter profit climbed 57 percent as higher gold prices helped offset weaker sales volume. Its shares rose nearly 3 percent.
Net income rose to $198 million, or 44 cents per share, in the three months ended Sept. 30 from $126 million, or 28 cents per share, in the year-earlier quarter. The recent quarter included one-time gains totaling 6 cents per share, the company said.
"Our results reflect continuing earnings growth and our leverage to the gold price," said Wayne W. Murdy, chairman and chief executive officer.
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