Barrick profits surge on gold price rises

Gold and precious metals:  today’s 10 top stories 

• Barrick Gold reported third-quarter profit that topped analysts’ estimates after gold prices rose to a record
• Newmont Mining reported third-quarter profit that topped analysts’ estimates after bullion prices rose to a record
• Record gold price offsets lower production and costs for OceanaGold during the three months to 30 September
• Gulf Mines has entered into an option agreement to acquire the Mt Stewart gold project in Western Australia from Rojan Trading
• Aquarius Platinum swung to a quarterly net loss, primarily due to adverse foreign exchange moves, as precious metal production declined on operational problems
• Alloy Resources has intersected strong gold mineralisation above 0.5 grams per tonne gold from drilling on the Warmblood-Filly South West trend at its Horse Well project in Western Australia
• AngloGold Ashanti is set to report a solid third-quarter result tied to record gold prices for the September quarter says chief executive
• Aquarius Platinum blamed its poor output and cost performance in the first quarter of its financial year on the continuing difficulties it is having with a contractor working at its mines.      
• Mineros, Colombia’s largest gold producer, said its net income rose to 81.9 billion pesos in the first nine months of the year
• Diamond miner De Beers is going all out to create 5 000 non-mining jobs in the Namaqualand diamond mines area in the next five years