Barrick Gold Corp (NYSE:GOLD) reported fourth-quarter revenue of $3.06 billion, beating the consensus of $3.05 billion.
Gold production stood at 1.05 million ounces (+1% Q/Q), and gold sales were 1.042 million ounces (+1% Q/Q).
The Average realized gold price rose 3% Q/Q to $1,986 per ounce, and All-in sustaining costs (AISC) rose 9% Q/Q to $1,364 per ounce in the quarter.
Copper production increased 1% Q/Q to 113 million pounds, and the Average realized copper price remained flat Q/Q at $3.78 per pound.
Adjusted EPS of $0.27 exceeded the consensus of $0.20.
President and chief executive Mark Bristow said, “despite picking up the pace in the latter half of the year, Barrick couldn’t quite make ...