Barrick Gold Corporation reported gold production for its second quarter had climbed 6 per cent as the company projects a big second half.
The Canadian firm reported more than one million ounces of gold for the quarter, as its mines in Nevada and the Democratic Republic of Congo had improved performances.
“We had scheduled maintenance on both our roasters,” he told BNN Bloomberg. “At the same time, we had unplanned downtime on one of the autoclaves in Turquoise ridge, which we were scheduled to do in quarter three, so a lot of maintenance happened in the first half and we’ve got a free run in the second half, which is good.”
Barrick is also expecting a big second half as it completes expansion of the Pueblo Viejo gold mine in the Dominican Republic. The reports did not include projections for the Porgera mine in Papua New Guinea, which halted operations due to a dispute with the country’s government.
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