30.10.2009 - High gold prices boost mining companies
From Montrealgazette.com: The world's two biggest gold mining companies shone in the third quarter as bullion prices went over $1,000 U.S. an ounce, but Canada's Barrick Gold Corp., the leader, took a $5.7 billion U.S. non-cash accounting charge to cover its exit from price hedging. Barrick produced 1.9 million ounces of gold in the quarter and is on track for about 7.4 million ounces for all of 2009. Average realized price in the quarter was $971 U.S. an ounce and its cash cost of production was $456 U.S. an ounce,...........................Full Article: Source
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