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Barrick misses gold guidance as output sinks to 22-year low

From bnnbloomberg.ca

Barrick Gold Corp.'s bullion output slid last year to its lowest level since 2000, missing analysts’ expectations and its own target as operational woes curbed production. Barrick produced 4.14 million ounces of gold last year, marking its third straight decline in annual output, according to preliminary figures released Tuesday by the Toronto-based company. Chief Executive Officer Mark Bristow had said as recently as Nov. 3 that the miner was on track to achieve its annual guidance of 4.2 million to 4.6 million ounces, albeit at the lower end of the range. Barrick faced challenges at its mines through 2022 that hurt ... (full story)

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  • Category: Fundamental Analysis