Barrick expects to meet annual targets despite coronavirus-led lockdowns [Toronto Globe and Mail (Ontario, Canada)]
Gold.com, Inc. (GOLD)
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Source: Toronto Globe and Mail
Barrick expects to meet annual targets despite coronavirus-led lockdowns 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 said on Thursday it was on track to meet its full-year production targets even as it reported an 8.5% drop in first-quarter gold output due to the impact of coronavirus-driven lockdowns. 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 posted gold production of 1.25 million ounces for the first quarter, compared with 1.37 million ounces a year earlier. The miner said copper output from its three mines – Lumwana in Zambia, Zaldivar in Chile and Jabal Sayid in Saudi Arabia -
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