Barrick (GOLD) Reports Lower Preliminary Production for Q1

Barrick Gold Corporation (GOLD) reported preliminary first-quarter 2024 production of 940,000 ounces of gold and 40,000 tons of copper, as well as preliminary sales of 910,000 ounces of gold and 39,000 tons of copper.The production of gold and copper is expected to increase progressively every quarter through 2024, GOLD noted. The Pueblo Viejo expansion is expected to ramp up starting the second quarter, and the restart of the Porgera mine is likely to go as planned.The average market price for gold in the ...