TORONTO - The formation of the Nevada Gold Mines joint venture last year, along with strong performances from Latin American, Asia Pacific and Africa/Middle East operations, helped Barrick Gold Corp. beat analyst expectations in the fourth quarter. The Toronto-based miner reported Wednesday gold production of 5.465 million ounces in 2019, at the top end of its guidance range, while copper production of 432 million pounds beat guidance. In 2018, it produced 4.527 million ounces of gold and 383 million pounds of copper. The company said it expects to produce between 4.8 million and 5.2 million ounces of gold in 2020 with total cash costs of $650 to $700 per ounce. Copper production is expected to be 440 million to 500 million pounds in 2020 with cash costs of US$1.50-1.80 per pound.

Source: thestar February 12, 2020 12:22 UTC