Canadian Mining Journal

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Q2 review of Canada’s largest gold producers



VANCOUVER — The Northern Miner presents a round-up of second quarter results from Canada’s largest gold producers by market capitalization, namely: Barrick Gold (TSX: ABX; NYSE: ABX);  Agnico Eagle Mines (TSX: AEM; NYSE: AEM); and Goldcorp (TSX: G; NYSE: GG). The review includes a summary of financial results, highlight quotes from management, and commentary by key analysts.

Barrick reported quarterly gold production of 1.4 million oz. at all-in sustaining costs (AISC) of US$710 per oz. The company maintained full year guidance of between 5.3 million oz. and 5.6 million oz. at AISC ranging from US$720 to US$770 per oz. …

Agnico reported payable gold production of 428,000 oz. during the second quarter at AISC of US$785 per oz. The company boosted its full year guidance by nearly 100,000 oz. to 1.6 million oz. and dropped its AISC estimates by around US$20 to roughly US$850 per oz. …

Goldcorp reported gold production of 635,000 oz. at AISC of US$800 per oz. The company maintained its full year guidance for 2.5 million oz. and dropped its AISC estimates to US$825 per oz. from US$850 per oz. …

Continue reading at The Northern Miner.