![]() ![]() Now, Newmont said, mining is considered “essential” in nearly every jurisdiction where the company operates. Previously, mining was temporarily halted when a number of national and provincial governments shut down businesses not considered essential, in order to combat the spread of COVID-19. Newmont said the revised guidance assumes that restarted operations will continue for the remainder of 2020 without any further significant interruptions. The company also trimmed sustaining capital expenditures and cut spending on advanced projects and exploration. 2 guidance of 6.4 million.Ĭonsolidated all-in sustaining costs are now projected $1,015 an ounce, compared to $975 previously. Newmont now lists guidance calling for attributable gold production of around 6 million ounces of gold in 2020, compared to the Jan. ![]() However, the company said it is in the process of restarting operations at four of the five mines where work was suspended. (NYSE: NEM, TSX: NGT), the world’s largest gold producer, downwardly revised its 2020 production guidance Tuesday due to temporary mine closures because of the COVID-19 pandemic. ![]()
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