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Barrick Gold (ABX) Reports Prelim. Q1 Production

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April 11, 2018 5:00 PM EDT

Barrick Gold Corporation (NYSE: ABX) today announced preliminary first quarter production of 1.05 million ounces of gold, and 85 million pounds of copper, and preliminary first quarter sales of 1.07 million ounces of gold, and 85 million pounds of copper. The average market price for gold in the first quarter was $1,329 per ounce, while the average market price for copper was $3.16 per pound. The Company’s first quarter realized copper price is expected to be approximately five percent below the average first quarter market price for copper as a result of provisional pricing adjustments1 that reflect the downward trend in copper prices over the period.2

Barrick will provide additional discussion and analysis regarding first quarter production and sales when the Company reports quarterly results on April 23, 2018, followed by a conference call and webcast on April 24 at 8 am ET. The following table includes preliminary gold and copper production and sales results from our operations:

Production Sales
Three months ended March 31, 2018 Three months ended March 31, 2018
Gold (equity ounces (000s))
Barrick Nevada3471 462
Pueblo Viejo (60%)141 148
Lagunas Norte66 69
Veladero (50%)474 74
Turquoise Ridge (75%)46 63
Acacia (63.9%)77 75
Kalgoorlie (50%)85 83
Porgera (47.5%)40 45
Hemlo40 44
Golden Sunlight9 8
Total Gold1,049 1,071
Copper (equity pounds (millions))
Lumwana48 47
Zaldívar (50%)24 24
Jabal Sayid (50%)13 14
Total Copper85 85


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