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Stock impact report

Will Falling Gold Production Weigh on Newmont's Q4 Performance? [Yahoo! Finance]

Agnico Eagle Mines Limited (AEM) 
Last agnico eagle mines limited earnings: 4/30 05:07 pm Check Earnings Report
Company Research Source: Yahoo! Finance
NEM reported a roughly 15% year-over-year and 4% sequential decline in gold production for the third quarter, reaching 1.42 million ounces. This marked the third straight quarter of sequential production decline. The lower production was due to reduced grades and planned shutdowns at Penasquito and Lihir, and the end of mining operations at the Subika open pit at Ahafo South. NEM's strategic asset sales, aimed at sharpening focus on Tier-1 operations, have also weighed on production. Its transition to a high-quality, Tier-1 portfolio is a long-term strategy focused on reliability and efficiency. Newmont anticipates maintaining its expected gold production for 2025 at about 5.9 million ounces. For the fourth quarter, the company expects attributable production to be relatively in line with the third quarter, as new production from Ahafo North and increased output from the Nevada Gold Mines joint venture are expected to be offset by lower production at Yanacocha and lower grades at Show less Read more
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