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Barrick ups copper production 18%, gold 4%

Kitco Media
By Kitco News
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Barrick Gold (NYSE:GOLD) said today Q2 production was 1.04 million ounces of gold and 120 million pounds of copper.

The miner announced its preliminary results.

In Q1 the company had production of 1.0 million ounces of gold and 101 million pounds of copper.

"As previously guided, Barrick’s gold production in 2022 is expected to increase through the year, and with the stronger Q2 performance, it remains on track to achieve 2022 gold and copper guidance," wrote the company.

Barrick said the average market price for gold in Q2 was $1,871 per ounce. The average market price for copper in Q2 was $4.32 per pound.

The company advised that copper prices trended lower at the end of Q2.

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