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Newmont widens output gap over gold mining rivals

10th March 2025

By: Bloomberg

  

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The biggest gold miners are jostling for dominance over the bullion market. Newmont expanded its position as the top producer last year thanks to added output from its 2023 takeover of Australia’s Newcrest Mining. 

Meanwhile, Barrick Gold’s lead over Agnico Eagle Mines narrowed after production fell due to operational setbacks. 

Agnico Eagle threatens to overtake its bigger rival if Barrick’s mine complex in Mali remains closed this year.

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Edited by Bloomberg

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