Why Some Mining Experts See Gold Reaching $2,050 To $2,250 - Seite 3

Other recent developments in the mining markets include:

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has become a patron of the Charge on Innovation Challenge, an industry-wide effort to cut emissions from surface mining.

The Challenge takes the form of a global competition and seeks to leverage the experience and ideas of a variety of industries to develop new concepts and solutions for large-scale haul truck electrification. Electrification is seen as the key to decarbonize mining and the crux of the challenge is to develop a solution that will safely deliver electricity to large surface haul trucks without adding time to the haul cycle.  So far over 350 companies from across 19 industries have registered their interest as vendors with 80 companies submitting formal expressions of interest.

Newmont Corporation (NYSE: NEM) (TSX: NGT) recently announced second quarter 2021 results.

SECOND QUARTER 2021 HIGHLIGHTS WERE: Produced 1.4 million attributable ounces of gold and 303 thousand attributable gold equivalent ounces from co-products; Reported gold CAS^* of $755 per ounce and AISC^* of $1,035 per ounce; Full-year results continue to be back-half weighted, in line with guidance ranges^; Generated $993 million of cash from continuing operations and $578 million of Free Cash Flow (97 percent attributable to Newmont)^*; Declared second quarter dividend of $0.55 per share, consistent with the previous quarter^***; Completed $149 million of share repurchases from $1 billion buyback program^***; Ended the quarter with $4.6 billion of consolidated cash and $7.6 billion of liquidity with a net debt to adjusted EBITDA^* ratio of 0.2x; Reduced $550 million of debt outstanding with available cash in April 2021; Completed acquisition of GT Gold in May 2021, increasing our interest in the prospective Golden Triangle.

Franco-Nevada Corporation (NYSE:FNV) (TSX: FNV) recently said it is on track to achieve record results in 2021, thanks to both organic growth and the acquisitions completed in the first half of the year. The diversified portfolio performed well in the second quarter and, with the first Vale Royalty Debenture contribution, delivered record GEOs, revenue, Adjusted EBITDA and Adjusted Net Income", stated Paul Brink, President & CEO. "Franco-Nevada generated Adjusted EBITDA of $290.0 million in the quarter, has no debt and has $197.7 million in cash and cash equivalents. Our revenue-based business model is particularly attractive during periods of industry cost inflation, as reflected in earnings, Adjusted EBITDA and Margins that are at or close to record highs. We have raised the bottom end of our GEOs sold guidance and, with the recovery in energy prices, have materially increased our Energy revenue guidance for the year."