Wall Street Journal: Australia's Gold Miners Struggle With Prices, Costs

SYDNEY—Australia's gold producers are struggling to deal with the dual blow from rising costs and falling prices, casting a shadow over earnings results that are due next month.

The latest production reports from Newcrest Mining Ltd., Australia's largest listed gold miner, and the smaller OZ Minerals Ltd. Thursday pointed to higher costs and tighter margins—underscoring the challenge facing producers after gold's biggest quarterly drop in decades.

Gold prices have fallen more than 20% since the start of January amid expectations the U.S. would start to taper its program of monetary easing as its economy stabilizes, putting miners of the precious metal in difficulty.

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