EconomicCanada·30 Oct 2026
Canadian gold miner shares fall on 2027 diesel cost projections
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Agnico Eagle Mines Ltd. shares fell by as much as 4.5% in Toronto following the company's projection that rising diesel prices could increase gold production costs by up to US$80 per ounce in 2027. CFO Jamie Porter stated that elevated diesel prices are expected to add US$50 to US$60 per ounce to costs in the fourth quarter, an increase from approximately…
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