Newmonth Mining Corp. (NYSE: NEM) said Wednesday that it still expects to sell between 5.2 and 5.6 million equity ounces of gold for prices between $375 and $400 per ounce.

"While we expect second quarter results similar to the first quarter, we are benefiting from lower than anticipated costs at Ahafo in Ghana and the planned reduction in stripping at Batu Hijau in Indonesia.' Chief Executive Officer, Richard O'Brien said.

In addition, the Company continues to expect consolidated capital expenditures of between $1.8 and $2.0 billion for 2007.

The company also said it expects copper sales of between 210 and 230 million equity pounds at costs applicable to sales are expected of between $1.10 and $1.20 per pound.

Ghana