Barrick Mining posts Q3 adjusted EPS of $0.82
B•Barrick Mining reported Q3 adjusted EPS of $0.82 and revenue of $5.07 billion, below analyst estimates of $0.85 and $5.30 billion, respectively. Gold production was 816,000 ounces, and the company reiterated its full-year production guidance.
1. Quarterly results
Barrick Mining reported Q3 adjusted EPS of $0.82 and revenue of $5.07 billion, versus estimates of $0.85 and $5.30 billion. It produced 816,000 ounces of gold and 50,000 tonnes of copper, and reiterated full-year production guidance. Gold production was affected by extreme weather at Veladero and delayed access to high-grade material at North Mara, where access is expected in Q4.
2. Prices and costs
The average realized gold price was $4,243 per ounce, up 23%. Gold cost of sales was $1,950 per ounce, compared with $1,562 per ounce a year earlier.
