Gold majors pump profits as costs fall, output rise

July 26, 2017

Responsive image

Several gold majors reported second-quarter results on Wednesday, showing rising profits amid lower costs and rising or stabilised production profiles.
The world’s largest gold producer by output Barrick Gold reported headline earnings after market close on Wednesday of $261-million, or $0.22 a share, beating Wall Street analyst forecasts calling for $0.18 apiece. This was significantly improved performance from the $158-million, or $0.14 a share in the comparable period a year earlier.

Category: General