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With Gold Higher on Monday, Miners Say They Remain on Track for Annual Guidance

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  • December gold futures rose 1.21% to $4,124.10 per ounce on Nov. 9, 2026, following a Friday settlement of $4,074.90.
  • Central banks added a net 321 tonnes of gold to reserves in Q3 2026, a 42% year-over-year increase \& the highest quarterly total since Q4 2024.
  • Physically backed gold ETFs added 211 tonnes in Q3 2026, raising total holdings to a record 4,256 tonnes.
  • Global mine production reached a Q3 record of 1,071 tonnes, up 3% year-over-year, while the quarterly average gold price was $4,262 per ounce.
  • The Federal Open Market Committee voted 10-2 on Oct. 28 to keep the federal funds rate target range at 3.75% to 4%, citing elevated inflation.
  • Barrick Mining reported Q3 gold production of 816,000 ounces with AISC of $1,911, net earnings of $1.32 billion, \& returned $1.04 billion to shareholders via buybacks \& dividends.
  • AngloGold Ashanti reported Q3 EBITDA up 12% to $1.57 billion, free cash flow of $722 million, \& declared an interim dividend of 71 US cents per share.
  • Agnico Eagle Mines reported Q3 payable gold production of 814,012 ounces at AISC of $1,648, with net income of $1.353 billion \& a net cash position of $3.416 billion.
  • Centerra Gold reported Q3 gold production of 75,429 ounces \& copper production of 12.8 million pounds, with net earnings of $88.7 million \& record share repurchases of $53.0 million.
  • Alamos Gold produced 119,000 ounces in Q3, including a record 68,700 ounces from the Island Gold District, with net earnings of $165.6 million \& AISC of $1,956 per ounce.
  • All five covered companies indicated they are on track to meet their 2026 annual production guidance while growing cash balances \& increasing shareholder returns.
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U.S. Metal News
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U.S. Metal News