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(Reuters) – Analysts said that high costs of workers and sticky inflation can continue to evaluate the profits of gold miners until 2025, but the high prices of yellow metal should enhance free cash flow, the analysts said that the high costs of employment and underground inflation can continue to evaluate the profits of gold miners until 2025, but the high prices of yellow metal should enhance free cash flow, the high costs of employment and enlargement can continue to evaluate the profits of gold mines until 2025, but the high prices of yellow metal should enhance free cash flow, the high costs of employment and enlargement can continue.
Gold prices increased by approximately 27 % in 2024, more than 2010, and jumped to the highest levels ever this year. (GOL/)
Bank of America analysts said that the companies under their coverage may generate a free cash flow of about 3 billion dollars in the fourth quarter, with more expected in 2025.
However, the high costs can affect the profits, causing the NEWMON and Barrick to miss in the third quarter.
“I think we have this inflation story still continues to play next year or so,” said Sarah Tomlinson, director of mines in metal consulting, adding that the Labor Party was one of the largest costs for workers.
Newmont profit estimates for the third quarter have been largely absent at the high costs of the contracted labor. Its continuous costs (AISC), a measure in industry that reflects the total expenditures, increased by approximately 13 % from the same quarter of last year.
Likewise, Barrick saw ASC almost 20 %.
Few people are looking for mining functions, which can also be due to the perception of the industry as dirty and peculiar, according to Men Focus “Menust” Ross Embleton.
On Wednesday, Barrick is expected to be 41 cents per share for the fourth quarter, according to LSEG data. The company said, in January, it “no longer removed the results of preliminary production.”
Bank of America expects that Canadian miners will lose gold production instructions for 2024 against the backdrop of its dispute with the financial militia of the Lulu Junkoto mine and “increased the intense challenge” of the Poeplo View mine in Dominican Republic.
“We assume that the Loulo-Gounkoto mine ultimately reinforces it in late 2025e with the production increased to the full operation rate in 2026e, but with less favorable economic conditions for Barik,” mediation said in a note in January.
Mali represents 14 % of gold production in Barrick, and the company achieved revenues of $ 949 million from its operations there in the first nine months of last year.
Newmont is expected to be a modified profit per share from $ 1.09, according to LSEG data, on February 20.
Scotiabank analysts said it could increase its profits on the money of its assets and the high price of gold, but it will need to balance it through the shares reset program.
