Miner Barrick's quarterly gold and copper output edges higher
Writes through, adds detail in last two paragraphs
By Tanay Dhumal and Divya Rajagopal
July 16 (Reuters) -Canadian miner Barrick Gold's ABX.TO second-quarter gold output edged up by almost 0.9% from the previous three months, helped by higher production at Turquoise Ridge in Nevada and expansion at its Porgera mine in Papua New Guinea, it said on Tuesday.
The Porgera mine was placed on care and maintenance in April 2020 after a dispute over benefit-sharing terms between the government, local people and Barrick during negotiations for renewal of the mining lease.
The company's total preliminary output was 948,000 ounces of gold for the quarter to June 30, up from 940,000 ounces in the first quarter.
Barrick expects all-in sustaining costs (AISC) per ounce of gold, an industry metric that reflects total expenses, to rise about 1% to 3% from the previous quarter's $1,474 per ounce, but expects a drop in the second half as production ramps up.
The Toronto-based miner said its quarterly copper production also rose, increasing to 43,000 metric tons from 40,000 tons in the first quarter, helped by higher grades and recoveries at Lumwana in Zambia after a planned maintenance shutdown in the previous quarter.
Barrick is expected to release second-quarter results on Aug. 12, with markets expecting guidance on developments on its contract negotiations in Mali.
Chief Executive Mark Bristow said this month that the current economic and political climate in Mali has caused exploration companies to curtail or suspend operations in the country.
Reporting by Tanay Dhumal in Bengaluru and Divya Rajagopal in Toronto
Editing by Shinjini Ganguli and David Goodman
Aloqador aktivlar
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
