ASX 200 Gold Miners Beat UBS Forecasts Despite Rising Costs
ASX 200 gold mining companies reported rising costs in the September quarter, though major producers still beat UBS forecasts according to Market Index.
ASX 200 gold miners experienced rising operational costs during the September quarter, according to a report by Market Index. Despite inflationary pressures and higher expenses across the sector, major mining firms Newmont, Northern Star Resources, and Evolution Mining managed to outperform forecasts set by financial services firm UBS.
Quarterly Cost Pressures
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The broader Australian gold mining sector faced margin compression as extraction and processing expenses increased during the quarter. Analysts noted that labor and energy costs continued to challenge producers operating within the benchmark index.
Key facts
- Costs for ASX 200 gold miners rose during the September quarter.
- Newmont (NEM), Northern Star Resources (NST), and Evolution Mining (EVN) outperformed UBS forecasts.
- The reporting period covered the September quarter.
Source: news.google.com
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