Analyst Note| Kristoffer Inton |
Barrick Gold announced third-quarter results highlighted by solid performance and few surprises. Despite the COVID-19 pandemic, most of the company’s operations have continued to operate with the proper safety precautions in place. Attributable gold production of more than 1.1 million ounces was roughly flat from the second quarter and down 12% from the prior year quarter. All-in sustaining costs, or AISC, of $966 per ounce were down 6% from the second quarter and 2% lower than the prior year quarter.