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Barrick Gold said on Thursday its gold production rose nearly 3% sequentially for the third quarter, helped by higher production at its Cortez mines in Nevada.
The world’s second-largest gold miner earlier this year said it expected gold and copper production in the second half of 2023 to be higher than the first half. “We continue to expect a significant increase in fourth quarter production volume,” the company added. Barrick’s preliminary copper production for the quarter was up 4.7% at 112 million pounds, from 107 million pounds in the previous quarter, driven primarily by the Lumwana mine in Zambia.
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Barrick’s third-quarter gold and copper output riseNYSE- and TSX-listed Barrick Gold on Thursday reported an increase in gold and copper output, compared with the previous quarter. However, the company noted that production fell short of its quarterly targets. Barrick produced 1.04-million ounces of gold and 112-million pounds of copper.
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