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Gold majors bottom line down

THE June quarter has hit three gold majors hard with Newmont Mining reporting a net income loss of $US2.06 billion while earnings were down 14% and 27% for Barrick Gold and Gold Fields respectively.

MiningNews.Net
Gold majors bottom line down

Newmont attributed the billion dollar loss to several strategic initiatives enforced over the quarter, the discontinuation of its merchant banking business, and elimination of gold hedging positions worth...

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