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Barrick guides for lower output for longer as it works to bolster production profile

By:  
Creamer Media Deputy Editor: North America
 
GOLD MAJORS
Major miner Barrick Gold has outlined a lower production profile in the coming years as it focuses on developing four major new projects that are expected to lift output by about one-million ounces from 2021 onwards. The Toronto-based company expects to produce between 4.2-million and 4.6-million ounces of yellow metal between 2019 and 2022, at an average cost of sales of $850/oz to $980/oz, and average all-in sustaining costs (AISC) of $750/oz to $875/oz.
 
 
 
 
 

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