Barrick Gold (TSE:ABX) has released an update.
Barrick Gold Corporation has announced that it is on schedule to meet its production targets for 2024, with a preliminary first quarter yield of 940 thousand ounces of gold and 40 thousand tonnes of copper. Despite lower production in Q1 due to planned maintenance and mining of lower grade ores, resulting in slightly higher costs, the company expects to increase production and reduce costs in the following quarters. A detailed analysis will be provided in their forthcoming quarterly report on May 1, 2024.
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