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Quarterlies: first gold mining majors to report both hit by higher costs

Posted on 30 October 2008

From Mineweb.com: Higher costs and other factors mean that the first major gold mining companies to issue their quarterly statements both have been hit hard by higher costs with a negative impact on earnings.

Two of the world’s leading gold miners reported big drops in quarterly earnings on Wednesday as soaring costs for fuel and raw materials ate into margins already narrowed by a slumping gold price….. Full Article: Source


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