B•Barrick Mining's third-quarter profit rose to $1.32 billion, or 80 cents per share, from $1.30 billion, or 76 cents, a year earlier. Its average realized gold price increased 23% to $4,243 per ounce, while production fell to 816,000 ounces.
Barrick Mining earned $1.32 billion, or 80 cents per share, in the three months ended September 30, compared with $1.30 billion, or 76 cents per share, a year earlier. Its quarterly average realized gold price rose 23% year over year to $4,243 per ounce.
Gold production fell to 816,000 ounces from 829,000 ounces a year earlier, largely because of extreme weather at the Veladero mine and delayed access to higher-grade ore at North Mara. Barrick said it expects to access the higher-grade material in the fourth quarter.
