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April 24, 2020

Covid-19 impact on gold mines remains unclear

According to Investing News Network (INN), since the prevalent close-downs and curtails of operations in mid-March, some large miners, including Agnico Eagle Mines, Kinross Gold, and Newmont, have recently withdrawn their guidance for the year and have not released information of how the changes are impacting their businesses.

By Yoana Cholteeva

According to Investing News Network (INN), since the prevalent close-downs and curtails of operations in mid-March, some large miners, including Agnico Eagle Mines, Kinross Gold, and Newmont, have recently withdrawn their guidance for the year and have not released information of how the changes are impacting their businesses.

INN also points out that determining the rate of impact on gold companies is not an easy process as firms’ numbers have stayed in flux while countries and regions around the world are adjusting and revising their Covid-19 prevention measures.

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