(Toronto) Barrick Gold said Thursday it is on track to meet its full-year copper and gold sales guidance, after selling one million ounces of gold and 101 million pounds of copper. in the second quarter, based on its preliminary results.
Preliminary figures also reported second quarter production totaling 1.01 million ounces of gold and 107 million pounds of copper.
The mining giant clarified that 2023 gold and copper production is expected to increase, with the second half being higher than the first six months of the year.
Barrick said the average market price for gold in the second quarter was US$1,976 per ounce, while the average market price for copper was US$3.84 per pound.
Barrick’s realized copper price is expected to be 3% to 5% lower than the average market price for the quarter, primarily due to interim price adjustments.
Barrick is due to release its full second quarter results on August 8.
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