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Barrick sees dip in 2022 gold output, copper costs surge

Barrick Gold posted a third straight year of lower gold production last year to 4.14Moz while copper met guidance at 440M lb, preliminary production results released by the firm show. Copper costs surged quarter-on-quarter in Q4, mainly on the back of lower grades at the firm’s Lumwana operation in Zambia.

Steven Swindells
Barrick hit by lower output in Zambia

Barrick hit by lower output in Zambia

Last year's gold production was around 1% lower than the 4.2M oz of gold produced in 2021 and the third straight year of an annual decline in output. It represented the firm's lowest annual production...

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