Barrick tables Q4 results as gold price jumps CanadiansInvest
-NYSE] on Tuesday reported preliminary full-year and fourth quarter production results for 2022. The announcement follows a recent surge in the price of the yellow metal.
Preliminary copper production came in a 440 million pounds for 2022, which was in line with the guidance range of 420 million to 470 million pounds. The average market price for gold and copper in the fourth quarter was US$1,726 an ounce and US$3.63 respectively. However, spot gold prices have climbed above US$1,900 an ounce, surging by about 18% since early November as inflationary pressures recede and markets anticipate less aggressive monetary policy from the U.S. Federal Reserve.
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