‘Show me the money’: Record gold price is test for top miners
Gold prices are hovering around record highs, but Barrick Gold and Newmont have frustrated investors by failing to capitalise on bullion’s rally. The next ten days gives the top producers a chance to win back skeptical shareholders. As Barrick prepares to kick off the gold industry’s latest earnings season on Wednesday, investors are watching to see if the sector can move past disappointments in the third quarter. Newmont and Barrick both fell short of Wall Street expectations in October due in part to higher-than-expected costs and production challenges.
Gold prices are hovering around record highs, but Barrick Gold and Newmont have frustrated investors by failing to capitalise on bullion’s rally. The next ten days gives the top producers a chance to win back skeptical shareholders.
As Barrick prepares to kick off the gold industry’s latest earnings season on Wednesday, investors are watching to see if the sector can move past disappointments in the third quarter. Newmont and Barrick both fell short of Wall Street expectations in October due in part to higher-than-expected costs and production challenges.
