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Biggest gold miners are missing out on bullion's record run
By Jacob Lorinc
Bloomberg News
via Yahoo Finance, Sunnyvale, California
Friday, April 5, 2024
The world's biggest gold miners are at risk of missing out on the metal's record run after spending billions of dollars to become the obvious home for bullion-focused investors.
Despite gold hitting all-time highs almost daily, Newmont Corp. shares were down about 6% this year to Thursday's market close, while rival Barrick Gold Corp.'s stock had fallen about 2%.
... Dispatch continues below ...
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Guanajuato Silver Reports Best Ever Quarterly Production
Company Announcement
Friday, April 5, 2024
VANCOUVER, British Columbia, Canada -- Guanajuato Silver Co. Ltd. announces consolidated production results for the three months ended March 31, 2024. Production results are generated from the company's wholly owned El Cubo Mines Complex, Valenciana Mines Complex, and San Ignacio Mine in Guanajuato, Mexico, the El Horcon Mine in Jalisco, Mexico, and the Topia Mine in Durango, Mexico.
Production during the quarter of 987,312 silver-equivalent ounces is the best quarter in the company's history since production began at the company's El Cubo mines complex in Q4 2021. ...
James Anderson, chairman and CEO, said: "Q1 generated our best production performance to date and continues the trend of demonstrable quarter-over-quarter increases in precious metals production. ..."
... For the remainder of the announcement:
https://gsilver.com/news/2024/897-uanajuatoilvereportsestveruarterlyroduction20240405
Shares of both companies gained Friday as gold set a fresh record high, with Newmont rising the most since February.
The faltering equities have turned the industry orthodox of producers outperforming the underlying commodity on its head, baffling observers.
"I've never seen it dislocate quite like this," said Peter Grosskopf, chairman of SCP Resources Finance LP and former chief executive officer of Sprott Inc. ...
... For the remainder of the report:
https://finance.yahoo.com/news/biggest-gold-miners-missing-bullion-151826853.html
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