Barrick Gold Corporation ABX Preliminary results indicate the following:
–– Met gold gold operating operating guidance of 7 6 guidance of 7.6--77 8.8 Moz Moz of of
production at total cash costs of $460-$475/oz (in line with original guidance)
– Met copper production guidance of 450-460 Mlbs
at total cash costs slightly above guidance of
$1 60 $1 70/lb
Gold:
Production Production expected to be slightly lower than 2011 expected to be slightly lower than 2011
Total cash costs expected to be ~15% higher, primarily due to:
– inflationary cost pressures
– gradd fil e profile
– change in production mix
Copper:
Production expected to be higher due to a full year of production from
Lumwana and initial production at Jabal Sayid expected in H2 2012
Total cash costs expected to be 15 cash costs expected to be 15-20%20% higher primarily due to: higher, primarily due to:
– inflationary cost pressures
– change in production mix with a full year of Lumwana production
– increased costs at Lumwana as it transitions in 2012 from the
Malundwe to the Chimiwungo deposit
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