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
