Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Canada’s gold producer GoldCorp Inc. said on Tuesday its all-in sustaining costs are expected to fall further to $800 per ounce in 2018 from $825 per ounce in 2017.
The company’s 2017 preliminary gold production of 2.6 million ounces was at the high end of its forecast range.
U.S.-listed shares of the company were up 5.5 per cent at $15.14 premarket, on track to hit a nine-month high when market opens.
(Reporting by Akshara P in Bengaluru; Editing by Anil D’Silva)
