Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

Eduard Gorodetsky: Currently we see high demand for synthetic diamonds for use in technology segment rather than in jewelry

Director General of the Advanced Synthetic Research Center Eduard Gorodetsky told Rough&Polished about the current situation at the company, new exclusive technologies in the synthesis and production of lab-grown crystals, as well as the Research Center’s...

11 march 2024

Barrick's 2023 gold and copper production in line with guidance

17 january 2024

Canada-based Barrick Gold has issued its preliminary results for the full year and the fourth quarter of 2023 and reported that it achieved gold and copper production guidance.

The company produced 4.05 million ounces of gold and 190 500 tons of copper last year. Meanwhile in 2022, the production amounted to 4.14 million ounces of gold and 199 500 tons of copper. In the fourth quarter of 2023 Barrick produced 1.05 million ounces of gold and 51 255 tons of copper.

The company's production guidance for the full year was 4.2 - 4.6 million ounces of gold and 190 500 - 213 188 tons of copper.

December quarter gold production was an improvement on the third quarter’s and was the highest quarter for the year, with stronger performances from Cortez and Phoenix, in Nevada, as well as from Pueblo Viejo, in Dominican Republic. This was offset by lower production at Loulo-Gounkoto, in Mali.

Barrick will publish its final results for the full year and the fourth quarter of 2023 on February 14, 2024.

Gold mining giant Barrick Gold, the world's second largest gold producer, has operating assets and projects in 13 countries, including North and South America, Africa, Papua New Guinea and Saudi Arabia.

Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished