Barrick Gold cuts gold production forecast at Argentina mine

Toronto-based miner Barrick Gold’s shares fell nearly 4% in after-hour trade on Monday, after the group lowered its production forecast and increased its cost guidance at its Veladero mine, in Argentina. The mine, where authorities suspended the addition of cyanide to the heap leach process following a March 28 spill , will produce between 100 000 oz and 140 000 oz less than originally thought, the bullion miner stated on Monday in its first-quarter results announcement.