“Comprehensive programs to counter the spread of COVID-19 are in place at all of Barrick’s operations and it continues to take the necessary steps to manage the impact of the pandemic on its business,” Chief Executive Officer Mark Bristow said in the statement.
Barrick is still on track to meet its 4.6 million to 5 million annual guidance, it said. The miner had previously guided that second-quarter preliminary gold production would be lower than in the first quarter. Barrick said it produced 1.15 million ounces in the period, beating the average analyst estimate.
The company also continued to benefit from strong gold prices, which it said averaged US$1,711 an ounce in the second quarter. The statement was released before the start of regular trading in New York, where Barrick slipped 0.9 per cent as of 7:45 a.m.
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