Published by: Jaroslaw Adamowski
Higher output forecast Colorado-based gold producer Newmont has improved its production outlook for 2017 to between 5 and 5.4 million oz.
“Operational execution has driven superior second quarter results, further investment in profitable growth, and improved guidance for 2017”, said Gary J. Goldberg, the company’s president and CEO. “Operations across the portfolio outperformed, reducing all-in sustaining costs to $884 per ounce and producing 13% more gold on an attributable basis.”
Newmont improved its production guidance for mines in North America and Africa, while its forecasts for the facilities in South America and Australia remained unchanged.