Oct 23 (Reuters) - Newmont ( NEM ) missed Wall Street

expectations for third-quarter profit on Wednesday, as higher

costs and lower production in Nevada weighed on the world's

largest gold producer.

All-in-sustaining-costs for gold, an industry metric

reflecting total expenses, rose to $1,611 per ounce in the

July-September quarter, from $1,426 per ounce a year ago.

The company owns a non-operating minority stake in Nevada

Gold Mines, along with rival Barrick Gold ( GOLD ), whose

third-quarter production fell short of Wall Street expectations

earlier this month due to lower output at the Nevada mines.

Newmont ( NEM ) said gold production at Nevada stood at 242 thousand

ounces during the third quarter, compared with 300 thousand

ounces last year.

However, the company's total production rose to 1,668

thousand ounces, compared with 1,291 thousand ounces last year

due to higher production at Cerro Negro in Argentina.

The Denver, Colorado-based company posted an adjusted profit

of 81 cents per share, compared to analysts' expectations of 86

cents per share, according to data compiled by LSEG.