Barrick cuts 2020 guidance, faces $191m bill in PNG

Gold miners to keep cutting cost, team up amid unusual market conditions that will continue boosting deals, says BMI Research.

Plutonic is the highest-cost of Northern Star's five mines, producing around 79,000 ounces last financial year at an all-in sustaining cost of $1550 an ounce.

Gold miners in particular have stepped up technology investment within a falling capex budget, as the metal price in producers’ currencies has held up much better than other commodities.

President Mauricio Macri has revoked a 5% tax imposed by the previous administration on mining companies.

It expects to sell the key crop nutrient for $200-230 a tonne in the current quarter, compared to an average price of $254 a tonne in the previous three-month period.

Only a day after announcing the deal, Franco-Nevada increased the size of the financing by 45%, citing “strong demand.”

The net loss also included a number of other smaller items, partially offset by an increase in revenue to $2.85 billion from $2.62 billion.

The loss includes a Cdn$598 million impairment charge on its Fort Hills oil sands project in Alberta.

Tahoe Resources' founder and executive chair Kevin McArthur said the operations present "nice synergies".