Barrick expects 8.5 per cent drop in first-quarter gold output [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Barrick expects 8.5 per cent drop in first-quarter gold output Barrick Gold Corp. CEO and President Mark Bristow photographed in his Toronto office on Feb. 12, 2020. Melissa Tait/The Globe and Mail Barrick Gold Corp. CEO and President Mark Bristow photographed in his Toronto office on Feb. 12, 2020. Barrick Gold expects a 8.5% drop in first-quarter gold production, it said on Thursday, as the COVID-19 pandemic forced miners to scale back operations and shutdown mines. The mining industry has been bracing for a prolonged drop in commodity prices and has been worried that the coronavirus outbreak could fuel a rare simultaneous drop in both supply and demand for metals used to power the global economy. Barrick said it expects gold output of 1.25 million ounces for the first quarter, compared with 1.37 million ounces a year earlier. The preliminary figure puts Barrick on course to meet its outlook for the year despite the impact of coronavirus-led lockdowns, chief executive officer Mar
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