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Copper|Gold|Operations
Copper|Gold|Operations
copper|gold|operations

Pueblo Viejo helps lift Barrick quarterly output

Pueblo Viejo in the Dominican Republic

Pueblo Viejo in the Dominican Republic

15th January 2021

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

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Bullion major Barrick Gold produced more gold in the fourth quarter at a lower all-in sustaining cost (AISC) as its Pueblo Viejo mine, in the Dominican Republic, delivered a strong performance.

Fourth-quarter output was also helped by the ramp-up of operations at Bulyanhulu, in Tanzania, and ongoing improvement at Turquoise Ridge, in Nevada.

The Toronto- and New York-listed miner said on Thursday that its preliminary gold production for the December quarter rose to 1.21-million ounces of gold, from 1.16-million ounces in the preceding quarter, at an AISC that were expected to be 3% to 5% lower.

Pueblo Viejo produced 159 000 oz in the three months.

Copper production increased quarter-on-quarter to 119-million pounds, while sales were lower, owing to the timing of shipments at Lumwana, in Zambia. Copper AISC were expected to be 4% to 6% higher.

Full-year production was in line with its 2020 guidance of 4.6-million to 5-million ounces, with 4.8-million ounces being produced.

Copper production of 457-million pounds also fell within the guidance range of 440-million to 500-million pounds.

Edited by Creamer Media Reporter

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