Q3 gold production climbed 13% Y/Y to 1.3M oz. from 1.15M oz. in the prior-year quarter at all-in sustaining costs of $984/oz. vs. $785/oz. a year ago.
Barrick's average realized gold price in the quarter jumped 21% Y/Y to $1,476/oz. from $1,216/oz. in the year-ago quarter.
Barrick says strong Q3 results show it is on track to deliver production at the higher end and costs at the lower end of its guidance ranges for the year, which are 5.1M-5.6M oz. of production at all-in sustaining costs of $870-$920/oz.; full-year copper production is forecast at 375M-430Mlbs. at all-in sustaining costs of $2.40-2.90/lb.
The company also raised its quarterly dividend by 25% to $0.05/share, as Q3 net cash flow from operations hit $1B vs. $434M in Q2 and $706M in the year-ago quarter.
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