Lower output, high costs to pressure Newmont, Barrick earnings

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 92%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

The challenges have overshadowed the price rise in gold

North American gold miners Newmont Corp and Barrick Gold Corp are expected to post lower quarterly profits as a fall in production and higher costs offset gains from strong prices of the precious metal.

The challenges have overshadowed the price rise in the safe-haven asset that peaked over the $2,000-mark during the quarter ended March 31 on fears over the stability of the financial system after a banking crisis and a potential recession. All-in sustaining costs , an industry metric that reflects total expenses, are set to rise for the miners.

Barrick expects first-quarter gold production to fall 15% sequentially, as a severe winter hampered the Canadian miner’s operations in northern Nevada and annual maintenance activity weighed on output at its Goldstrike mine.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 5. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock markets today: Global stocks lower ahead of U.S. dataGlobal stocks and Wall Street futures declined Monday ahead of a U.S. economic update that is expected to show growth slowing.
La source: CTVNews - 🏆 1. / 99 Lire la suite »