Senior Gold Producers(NYSE: NEM, GOLD, AU) – Strong Q3 from Higher Production and Gold Prices
Highlights All three of the world’s largest gold producers, Barrick, Newmont and AngloGold,...
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Company Name: Barrick Gold Corporation
Q2 Earnings Update on Newmont,Barrick & AngloGold- Higher realized prices more than offset production declines
Despite y/y production declines amid the COVID-19 pandemic in Q2, the top three gold producers reported top line and bottom line growth, primarily attributable to higher realized gold prices. Additionally, all three producers maintained their production guidance for 2020.
Read MoreSenior Gold Producers Riding High on Surging Gold Prices: Initiating Coverage on Newmont / Barrick / AngloGold
Highlights: Surging gold prices have driven stock prices of gold miners to multi-year highs as shown by the TSX Global Gold ETF (XGD), which currently trades at C$25.2, a shade away from the all-time high of ~C$28.0 hit in 2011....
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