Barrick Clings to Top Gold Miner Title as Newmont Closes Gap
- Gap between competitors narrows to about 50,000 ounces in 2017
- Newmont produced 1.34 millions ounces in the fourth quarter
Photographer: Waldo Swiegers/Bloomberg
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About 50,000 ounces -- or about 125 gold bars -- is all that stood in the way of Newmont Mining Corp. claiming the title of world’s biggest bullion producer.
Newmont said Thursday that it churned out 5.27 million ounces last year, compared with industry leader Barrick Gold Corp.’s 5.32 million ounces. Still, the Greenwood Village, Colorado-based miner is set to surpass its Canadian rival, according to their forecasts for coming years.