Barrick Gold Corp (NYSE: GOLD) reported Q3 2023 revenue growth of 13% Y/Y to $2.86 billion, missing the consensus of $2.892 billion.
Gold production stood at 1.04 million ounces (+5% Y/Y), driven by improved performances at Cortez, Turquoise Ridge and Kibali. Gold sales were 1.027 million ounces (3% Y/Y).
The Average realized gold price rose 12% Y/Y to $1,928 per ounce, and All-in sustaining costs (AISC) fell 1% Y/Y to $1,255 per ounce in Q3.
Copper production declined 9% Y/Y to 112 million pounds, and the Average realized copper price was $3.78 per pound (+17% Y/Y).
Adjusted EPS of $0.24 exceeded the consensus of $0.20.
At the end-Q3, cash ...