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

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

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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.

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