PRECIOUS METALS

Barrick has strong Q2 despite COVID-19

On track for annual guidance

Staff reporter

This article is 4 years old. Images might not display.

The company sold 1.2Moz of gold and 123Mlb of copper at average realised prices of US$1,711/oz and $2.43/lb.

COVID-19 impacts were mainly felt at Veladero in Argentina where quarantine restrictions were lifted in April and movement and social distancing restrictions slowed the remobilisation of employees and contractors back to site.

The company also undertook a planned maintenance shutdown at Pueblo Viejo in Dominican Republic and reduced production at Porgera in Papua New Guinea as the mine was placed on care and maintenance.

Shares in Barrick Gold are trading at C$36.60, valuing the company at $65 billion.

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.