Barrick Gold falls as Q1 output hurt by Nevada gold mines

Aion-Tech Solutions

14/04/2022 15:13

** U.S.-listed shares of Canadian miner  ABX.TO   GOLD.N 
down as much as 1.19% at $25.29
    ** Co says its Q1 production fell 17.7% from the previous
three months, hurt by lower output at its Carlin and Cortez
mines in Nevada  urn:newsml:reuters.com:*:nL3N2WC27X
    ** Says gold output was lower at its Carlin and Cortez mines
during Q1 due to depletion of stockpiled higher grade
underground ore after the mechanical mill failure at a roaster
facility
    ** Says its gold production in 2022 is expected to increase
through the year, while copper production is expected to be
higher in the second half
    ** Co's copper production during the quarter was 101 mln
pounds, down 19.84% from the previous quarter, hurt by lower
output at its Lumwana mine
    ** Stock up ~33% YTD, as of last close 

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com; Twitter: https://twitter.com/rithika_krishna;))