Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

16 april 2024

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

Strong Q4 boosts Barrick’s full-year results

22 february 2024

Barrick Gold has announced its 2023 full year operational and financial results, noting a strong performance in the fourth quarter that boosted its results. The company capitalized on a record gold price in late 2023.

The company said in a statement that its revenue for 2023 was up 3% to $11.4 billion, from $11.0 billion a year earlier. Meanwhile, net earnings attributable to shareholders almost tripled to $1.27 billion, from just $432 million in 2022.

Adjusted net earnings of the company were up 11% to $1,47 billion in 2023, from $1.33 billion in 2022.

Earlier this year, Barrick reported that it has achieved gold and copper production guidance for 2023.

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.

“In true Barrick fashion, we kept our focus, dealt with the challenges, progressed our long-term strategic plans and delivered on some of our key objectives. Most significantly, we have sustained our industry-leading organic growth outlook and are still projecting a 30% increase in gold equivalent production by the end of this decade,” said the company's CEO Mark Bristow.

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