Barrick Gold Higher Production Doubles Profits With Rising Prices

Canadiian miner Barrick Gold Corp, the world’s second-largest gold producer quarterly adjusted profit nearly doubled as gold production rose. $GOLD expects gold production of 5.1 million ounces to 5.6 million ounces. The gold price hit its highest level in six years in June.

Newmont Mining Swings to Profit on Steady Gold and Copper Production

Gold and copper producer Newport Mining reported better than expected fourth quarter earnings Thursday with steady gold and copper production and lower operational costs. NEM agreed to acquire Goldcorp (GG) for $10 billion in an all-stock deal last month.

Cocoa Best Performing Commodity of 2018, Gasoline The Worse

In 2018 coomodity prices were hampered by the strong US dollar which rose from mid-April, a collapse in oil prices from early October and the ongoing U.S.-China trade war. The best performers were cocoa, wheat, oats and last years best palladium. The worst performers were Gasoline, WTI Crude, lumber and sugar.