Oct 12, 2023
Barrick preliminary Q3 sales total 1.03M ounces of gold and 101M pounds of copper
The Canadian Press
Gold is going to rebound, and when it does the rise will be dramatic: Novagold CEO
Barrick Gold Corp. says its preliminary third-quarter sales totalled 1.03 million ounces of gold and 101 million pounds of copper.
The miner says the average market price for gold in the quarter was US$1,928 per ounce while the average market price for copper was US$3.79 per pound.
That comes as Barrick's preliminary gold production totalled 1.04 million ounces for the quarter and copper production came in at 112 million pounds.
The company says third-quarter production was higher than the second quarter, although lower than previous plans for the quarter, especially at its Pueblo Viejo operation.
Barrick says it continues to expect a significant increase in fourth quarter production volume.
The company will report its full third-quarter results before North American financial markets open on Nov. 2.
This report by The Canadian Press was first published Oct. 12, 2023.