Expects strong 4Q24
Barrick Gold has produced 943,000oz of gold and 48,000t of copper in the September quarter for 1.03Moz of gold equivalent, slightly lower than in the June quarter and 18% lower than in the same period of 2023, with the company on target to meet its full-year guidance.Barrick said Pueblo Viejo delivered a 23% sequential improvement on continued plant optimisation, while North Mara in Tanzania had a stronger quarter driven by higher grades.
CopperCopper production during the quarter was higher than in the June quarter, driven by higher grades and recoveries at Lumwana in Zambia, which improved ore access following an increase in stripping activities in the prior quarter. Further improvements are expected in the December quarter. At the start of October, Zambia's president, Hakainde Hichilema, launched the development of the US$2 billion super pit expansion at Lumwana.
Kibali Barrick Gold Pueblo Viejo North Mara Turquoise Ridge
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