(Kitco News) – While the second quarter of the year saw gold prices pull back dramatically from the all-time highs of Q1, and rising expenses and operational disruptions ate into margins and profitability, gold miners still enjoyed an excellent Q2 by annual and historical measures, according to a new analysis by Oliver Blagden, Mine Supply Analyst at Metals Focus on behalf of the World Gold Council (WGC).After seeing an exceptional first quarter in 2026, Blagden wrote that lower gold prices combined with increased costs to put miners’ margins under additional pressure.

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