Newman Mining s net profit last year was 2.9 billion, what is the development policy this year?

New York Mining's ** production last year was up 23% compared to the previous year, but also a direct profit of 2.9 billion US dollars, which is undoubtedly a major success in the global financial market where the economy is not ideal, and now it has the largest mineral reserves in the industry, and now, and now Newman Mining for the future What are the expectations? Newman Mining's main focus is to reduce costs this year to increase revenue, aiming to achieve a profit of $1.4 billion in the first quarter while stabilizing production.

Now I will give you a brief introduction, Newman Mining in the last quarter of last year's earnings, in the fourth quarter Newman Mining successfully obtained a net profit of 100 million US dollars, each ** brought them the income of US dollars, this seems to be less than 100 million US dollars, but through the issuance of tens of millions of shares and the common income, after adjustment, the net income reached 100 million US dollars. While most people with a lot of income do not have much circulating capital, Newman Mining can have a cash flow of 1.2 billion US dollars, and the real free circulation has reached 100 million US dollars, an increase of about 63% over the same period last year. **Production reached 1.83 million ounces.

Through the development of the first to buy and sell, Newman Mining last year net income, 2.9 billion US dollars also owned, the industry's largest reserves in the future undoubtedly its development potential is huge.

After introducing the fourth quarter, let's introduce the overall quarterly ** production for the whole of 2019 was 6.3 million ounces, an increase of 23% compared to 2018, fully meeting the company's targets, and after a series of adjustments and calculations, each share brought benefits to the company of 100 million US dollars. For the full year, the company had free cash flow of $1.4 billion, an increase of more than 50% compared to previous years, and Newman Mining had ** reserves of 100 million ounces. Through the expansion of the project, they have extended the life of the metal mine, which provides a guarantee for their future income.

After such a big success last year, the start of this year is actually a blow to their industry, because now the epidemic has caused business in various industries to be bleak, and now Newman Mining hopes to increase production to between 6.2 million ounces and 6.7 million ounces, hoping to achieve $1.4 billion in cash gains in the first quarter, and this plan may be delayed due to the epidemic.

If this year, it will definitely be affected to a certain extent, after all, there are not so many exporting countries, relatively speaking, there must not be so many economic **, and economic development will definitely be frustrated.