Barrick reports net earnings of $241M in Q3, says on track to achieve its 2022 production guidance

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 78%

Business News News

Business Business Latest News,Business Business Headlines

Barrick Barrick reports net earnings of $241M in Q3, says on track to achieve its 2022 production guidance

Editors Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of todays must-read news and expert opinions. Sign up here!

The company said that preliminary Q3 2022 gold production was lower than Q2 2022 as a strong performance from Pueblo Viejo was offset by lower production at Veladero, Carlin and Turquoise Ridge. In addition, production at Long Canyon was lower than Q2 2022 following the completion of Phase 1 mining in May 2022.

Barrick’s operating cash flow for the quarter was $758 million and was supplemented by the sale of non-core royalty assets. Barrick reiterated it remains on track to achieve its 2022 production guidance despite some short-term operational challenges and rising input costs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

$GOLD receiving some of the same (unusual) speculative investor cash torching $AU receives

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Barrick CEO sees few decent deals in 'fragmented’ gold industry - BNN BloombergBarrick Gold’s top executive says he’s on the hunt for more gold deals -- there just aren’t many appealing choices. Buy EMO! DiabolicSystem LamboJohnny
Source: BNNBloomberg - 🏆 83. / 50 Read more »