Barrick Sees Stable Gold Output In Q3, Prepares For Stronger Q4

Barrick Gold Corporation (NYSE:GOLD) shares are trading lower on Wednesday. The company reported preliminary third-quarter production metrics.

The company sees production of 943,000 ounces of gold and 48,000 tonnes of copper and preliminary sales of 967,000 ounces of gold and 42,000 tonnes of copper.

Barrick anticipates a significantly stronger fourth quarter, aiming to meet its full-year production guidance for both gold and copper in 2024.

Notably, in the third quarter, the average market price for gold was $2,474 per ounce, while copper averaged $4.18 per pound.

The company said that preliminary gold production remained ...