Canadian miner Barrick Gold Corp said on Wednesday its fourth-quarter production rose 10% sequentially, helped by strong performance at its Carlin and Cortez mines in Nevada.
said on Wednesday its fourth-quarter production rose 10% sequentially, helped by strong performance at its Carlin and Cortez mines in Nevada.The Carlin and Cortez mines are part of Nevada Gold Mines, a joint venture between Barrick and Newmont CorpRegister now for FREE unlimited access to Reuters.comThe company reported total preliminary gold output of 1.20 million ounces in the quarter ended Dec. 31, up from 1.09 million ounces a quarter ago.
Barrick said the average market price for gold in the quarter was $1,795 per ounce, up from $1,790 per ounce in the prior quarter. However, Barrick said it sold lesser copper than it produced, owing to the timing of shipments at Lumwana.Barrick, which is scheduled to release its fourth-quarter results on Feb. 16, said it expects its all-in sustaining costs for gold, a key industry metric, to be down between 4% and 6% from the third quarter.
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