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Without the foreign exchange losses, net income would have registered at P2.32 billion. Core income jumped by 21 percent to P2.10 billion on the back of increased production and lower costs. The latest results of our operations clearly indicate
South Island goldminer OceanaGold has posted a profit of US$43.7 million for its third quarter and says it is heading for a strong finish to the year. The profit, from revenues of US$156.6m, is a turnaround from the second quarter's net loss of US$70.
Looking forward, however, these companies have several factors that could play in their favor...In the second quarter, gold companies adjusted their long-term gold prices. Barrick reduced its long-term gold price on future projects to $1,300 per
The result was 27 per cent above gold production for the September quarter in 2012 but nine per cent below this year's June quarter, which had been forecast. The gold was produced at an all-in sustaining cost of $A1,093 an ounce ($US1,001), which is
Drop bucks a decade-old trend in which exports from the petroleum and minerals sector have tripled. A Government report shows oil and gold production has slipped sharply, bucking a decade-old trend in which exports from the petroleum and minerals
This sell-off saw gold at a low of just over $1,200 per ounce with naysayers speculating that it would fall to under $1,000 per ounce...Much of the speculation was based on the belief that the Fed would start tapering its quantitative easing program
Troubled gold miner Newcrest has flagged lower production in the September quarter after a strong lift to gold and copper output in the June quarter. In the June quarter gold output rose 25 per cent to 642,032 ounces with copper up 20 per cent at 22,
Norton's gold production rose 28 per cent in the March quarter, with the company recording its best result since being taken over by Zijin Mining in August 2012. "This significant positive change reinforces Norton's strategy of increasing gold
must be rising quite early, if the company's recent numbers are any indication. Agnico-Eagle Mines is a gold producer, their objective is to continue increasing yearly gold production through building and exploring their own mines...The following are
In recent years, global gold production has been at or near record levels. The plentiful supplies have led gold bears to argue that the yellow metal's decade-long bull run will end...In fact, the 'glory days' of gold production may be ending soon.