To bring 2024 production in line with its full-year gold and copper expectations, GOLD forecasts a considerably higher Q4.

Barrick Gold produced lower-than-expected gold in the third quarter because of a fall in output at its Carlin and Cortez mines in Nevada, the Canadian miner said on Wednesday.

Barrick Gold reports Q3 production results with lower gold output, gains in copper, and maintains full-year guidance.

Barrick Gold Corporation’s gold production missed expectations in the third quarter due to a fall in output at its Carlin and Cortez mines in Nevada, the Canadian miner said on Wednesday. Barrick’s total preliminary gold output was 943,

Despite the news, analysts still expect Barrick to manage a profit of 35 cents per share in Q3, compared to 24 cents last year, which Reuters attributed to higher bullion prices. The company is expected to announce its Q3 earnings on Nov. 7, prior to the U.S. market opening.

As we look ahead, Barrick anticipates a significantly better Q4 and remains firmly on track to achieve its 2024 estimate of 3.9 million to-4.3 million ounces of gold along with 180,000-210,000 metric tons of copper notwithstanding the Q3 gold deficit.

Barrick expects a materially stronger Q4 to deliver 2024 production within the range of its full year gold and copper guidance.

Barrick Gold (TSX:ABX) reveals its preliminary Q3 production dipped resulting from a fall in output at its mines in Nevada ・Total gold output dipped to 385,000 ounces during the quarter compared to 401,