Home Scrap Metal Prices Price Regions US Scrap Metal Prices China Scrap Metal Prices India Scrap Metal Prices Europe Scrap Metal Prices Aluminum ScrapBrass/BronzeCopper ScrapCupro-NickelElectronics ScrapLead ScrapScrap Gold Prices (Hallmarked)Scrap Gold Prices (Non-Hallmarked)Stainless SteelSteelMarket News
Newmont forecasts higher gold output in 2022
Published by
ScrapPrices
Published on December 02,2021 06:00 AM Metals
Newmont Corp (NEM.N) on Thursday forecast gold production of 6.2 million ounces for 2022, up from the 6 million ounces it expects to produce this year, highlighting output increases from the Boddington mine in Australia and Ahafo in Ghana.

Dec 2 (Reuters) - Newmont Corp (NEM.N) on Thursday forecast gold production of 6.2 million ounces for 2022, up from the 6 million ounces it expects to produce this year, highlighting output increases from the Boddington mine in Australia and Ahafo in Ghana.

Total gold production combined with other metals is expected to be 7.5 million gold equivalent ounces in 2022, the company said.

Gold prices have gained recently as investors seek safer assets amid market volatility caused by the Omicron coronavirus variant.

Newmont said it expects all-in sustaining cost (AISC) of $1,050 per ounce in 2022, improving to between $920 and $1,020 per ounce longer term. AISC is a key industry metric used by gold miners to measure overall cost of producing gold.

The Denver, Colorado-based company expects its full-year gold production to improve to between 6.2 million and 6.8 million ounces over a longer period.
MORE METALS NEWS
May 03,2024 09:00 AM
The US Treasury Department on Friday gave automakers additional flexibility on battery mineral requirements for electric vehicle tax credits on some crucial trace minerals from China, such as graphite.
May 02,2024 07:00 AM
Belgium's Nyrstar (NYR.BR), opens new tab is reactivating the Budel zinc smelter in the Netherlands after a four-month period of care and maintenance.
May 01,2024 08:00 AM
London Metals Exchange(LME) on Wednesday launched a consultation requiring producers of aluminium brands deliverable against its contracts to submit carbon emissions data by March 2025.