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Gold miners set for bumper profits after bullion’s record rally
Gold miners are on track to deliver stellar third-quarter earnings, fueled by a record rally in bullion prices, with investors watching for updates on the recent CEO changes at top producers Newmont and Barrick. Analysts expect the two miners to post a combined profit of nearly US$3 billion for the period, more than double last year’s $1.4 billion, according to data compiled by LSEG. Prices averaged $3,574.95 per ounce in the July–September quarter, up 43.5 per cent year-on-year. Bullion prices surged past $4,000 per ounce for the first time ever this month, with some analysts now forecasting a run to the $5,000 ... (full story)
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- Oct 22, 2025 10:07am Posted byFundamental Analysis225
