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Barrick has strong Q2 despite COVID-19

Barrick Gold has reported production of 1.15 million ounces of gold and 120 million pounds of copper in the June quarter, with the company on track for its 2020 annual guidance of 4.6-to-5Moz, despite impacts of the COVID-19 pandemic.
Barrick has strong Q2 despite COVID-19 Barrick has strong Q2 despite COVID-19 Barrick has strong Q2 despite COVID-19 Barrick has strong Q2 despite COVID-19 Barrick has strong Q2 despite COVID-19

Pueblo Viejo in Dominican Republic

Staff reporter

The company sold 1.2Moz of gold and 123Mlb of copper at average realised prices of US$1,711/oz and $2.43/lb.

COVID-19 impacts were mainly felt at Veladero in Argentina where quarantine restrictions were lifted in April and movement and social distancing restrictions slowed the remobilisation of employees and contractors back to site.

The company also undertook a planned maintenance shutdown at Pueblo Viejo in Dominican Republic and reduced production at Porgera in Papua New Guinea as the mine was placed on care and maintenance.

Shares in Barrick Gold are trading at C$36.60, valuing the company at $65 billion.