Advertisement
Canada markets open in 1 hour 47 minutes
  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • CAD/USD

    0.7323
    -0.0000 (-0.00%)
     
  • CRUDE OIL

    84.16
    +0.59 (+0.71%)
     
  • Bitcoin CAD

    87,627.34
    +392.12 (+0.45%)
     
  • CMC Crypto 200

    1,385.35
    -11.19 (-0.80%)
     
  • GOLD FUTURES

    2,358.40
    +15.90 (+0.68%)
     
  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     
  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     
  • NASDAQ futures

    17,747.75
    +180.25 (+1.03%)
     
  • VOLATILITY

    15.61
    +0.24 (+1.56%)
     
  • FTSE

    8,118.76
    +39.90 (+0.49%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • CAD/EUR

    0.6826
    +0.0005 (+0.07%)
     

Going by Miners’ Production Guidances, Is Production Thinning?

Going by Miners’ Production Guidances, Is Production Thinning?

Goldcorp’s (GG) gold (GLD) (NUGT) production fell 15% to 646,000 ounces YoY (year-over-year) in 4Q17. Goldcorp has guided for production of 2.5 million ounces in 2018 with a variance of plus or minus 5%, which is in line with its previous 2018 guidance as well as its guidance for 2017. In 4Q17, Barrick Gold (ABX) produced ~1.3 million ounces of gold, a fall of 11.8% YoY.