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As on: Oct 27, 2020 07:57 PM
Commodities Buzz: Barrick Records 12% YOY Drop In Gold Output In First Six Months Of 2020
16-Oct-20   16:42 Hrs IST
Leading Gold minor Barrick Gold Corporation said yesterday that it was on track to achieve annual production within its 2020 guidance range, despite the impact of the Covid-19 pandemic. The company's quarter results show year-to-date gold production of 2.4 million ounces, at the mid-point of its 4.6 million to 5 million ounce annual guidance. However, this marked a 12% drop compared to the first six months of 2019. The company said during the quarter there had been significant exploration results from Nevada, the Dominican Republic, Mali and Tanzania, and the expectation was to add significant mineral resources at most operations this year.

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