Michael Sprung discusses Barrick Gold
TORONTO -- Barrick Gold Corp. says its preliminary results show production in its fourth quarter totalled 1.20 million ounces of gold and 126 million pounds of copper.
The gold miner says the production came as sales amounted to 1.23 million ounces of gold and 113 million pounds of copper.
The average market price for gold in the quarter was US$1,795 per ounce, while the average market price for copper was US$4.40 per pound.
For the full year, Barrick says it produced 4.44 million ounces of gold in 2021, within its guidance for between 4.4 million and 4.7 million ounces.
Preliminary copper production of 415 million pounds for 2021 compared with its guidance range of 410 million to 460 million pounds.
Barrick will report is full quarterly and 2021 results on Feb. 16.