Canadian miner Barrick Gold Company announced that the initial gold production for the third quarter was 943,000 ounces, while analysts' expectations were 975,000 ounces. The reason it was lower than expected was due to a decline in production at the Carlin and Cortez gold mines in Nevada. The company expects the total maintenance cost of gold to rise at least 2% from the previous quarter's $1,498 per ounce, and analysts expect $1,491. Due to increased production at the Lumwana copper mine in Zambia, preliminary copper production in the third quarter was 48,000 tons compared to 43,000 tons in the previous quarter. The company said it expects to achieve “significantly stronger” performance in the fourth quarter to meet the 2024 gold and copper production guidelines. The company is scheduled to release third-quarter results on November 7.

Canadian miner Barrick Gold Company announced that the initial gold production for the third quarter was 943,000 ounces, while analysts' expectations were 975,000 ounces. The reason it was lower than expected was due to a decline in production at the Carlin and Cortez gold mines in Nevada. The company expects the total maintenance cost of gold to rise at least 2% from the previous quarter's $1,498 per ounce, and analysts expect $1,491. Due to increased production at the Lumwana copper mine in Zambia, preliminary copper production in the third quarter was 48,000 tons compared to 43,000 tons in the previous quarter. The company said it expects to achieve “significantly stronger” performance in the fourth quarter to meet the 2024 gold and copper production guidelines. The company is scheduled to release third-quarter results on November 7.