Dec 13 Newmont Mining Corp said on
Tuesday it is likely it will record a non-cash impairment charge
of between $1 billion and $1.2 billion in the fourth quarter
related to an increase in the estimated cost of closing down its
Yanacocha gold mine in Peru.
Newmont, the biggest U.S.-based gold miner, said that after
reviewing Yanacocha's closure plan it now expects to record an
increase to the asset retirement obligation at the mine of
between $400 million and $500 million in fourth quarter.
(Reporting by Nicole Mordant in Vancouver; Editing by Bernard