Mining Giants Post Red-Hot Results in Lukewarm Gold Market
- Barrick to Goldcorp exceed estimates in ‘night of the beats’
- Profit margins for senior gold miners bounce to 2012 levels
Goldcorp CEO on Cost Savings and Gold Prices
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Four of the world’s top gold companies were in full “beats” mode in the second quarter, wringing more value out of their mines amid tepid gold prices.
A day after Newmont Mining Corp. reported higher-than-expected adjusted profits by extracting more gold at lower costs, Canada-based Barrick Gold Corp., Goldcorp Inc. and Agnico Eagle Mines Ltd. followed suit Wednesday.