Barrick Gold announced preliminary first-quarter gold and copper production, and said its gold and copper production remains on track to meet full-year expectations.
Data show that Barrick Gold Q1 gold output was 952,000 ounces, with an average market price of $1,890/oz; copper production was 88 million pounds, with an average market price of $4.05/lb.
The company said that the preliminary production of Q1 gold was lower than that of Q4 last year, mainly due to the decline in output at the Carlin mine in Nevada. The preliminary production of copper in Q1 was also lower than that of Q4 last year, due to the decline in production at the Luwana and Zaldivar mines.
