Evolution Mining climbs to 4-year high on upbeat Q2 production, bullion prices
The company reported a quarterly group gold production of 194,793 ounces, compared with 161,073 ounces a year earlier.
African Barrick Gold (ABGL.L: Quote) said its net profit declined in the first quarter as lower production and higher costs offset rising gold prices.
Net profit fell 5 percent to $50.4 million as the miner’s production dipped 2 percent to 173,907 ounces. Cash costs jumped 28 percent to $658 an ounce.
