A gap of about 50,000 ounces — or about 125 gold bars — is all that stands in the way of Newmont Mining Corp. from claiming the title of world’s biggest gold miner.
The Greenwood Village, Colorado-based miner said Thursday its 2017 gold production was 5.27 million ounces, ending the year in a near dead-heat with industry leader Barrick Gold Corp., which produced 5.32 million ounces.
However, Newmont reiterated its outlook that exceeds Barrick’s forecasted output for the next four years.
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Newmont’s fourth-quarter production was 1.34 million, matching Barrick’s output.
Newmont scheduled a conference call to discuss its fourth-quarter and full-year earnings at 10 a.m. in New York.
Barrick scheduled an investor day in New York at 2-5 p.m. The company is expected to provide more information about its existing and brownfield pipeline and provide guidance beyond 2022.