SGDM - Barrick Gold Maintains FY24 Outlook Despite Q1 Production Miss | Benzinga
Barrick Gold Corp (NYSE:GOLD) reported first-quarter FY24 revenue of $2.747 billion (+4% Y/Y), which is in line with the consensus.
Gold production stood at 940 thousand ounces (-1% Y/Y), and gold sales were 910 thousand ounces (-5% Y/Y).
The average realized gold price rose 9% Y/Y to $2,075 per ounce, and All-in sustaining costs (AISC) rose 8% Y/Y to $1,474 per ounce in the quarter.
Copper production remained flat Y/Y to 40 thousand tonnes, and the average realized copper price declined 8% Y/Y to $3.86 per pound.
Adjusted EPS of $0.19 exceeded the consensus of $0.15.
President and chief executive Mark Bristow ...