In Q3, the average market price for gold was $2,474 per ounce, while the average market price for copper was $4.18 per pound.
### Gold Production Highlights
– **Pueblo Viejo**: Showed a 23% sequential improvement due to plant optimization.
– **North Mara**: Had a stronger quarter driven by higher grades.
– **Carlin**: Completed a roaster expansion, expecting higher throughput in Q4.
– **Turquoise Ridge**: Improved in Q3 with better underground mining performance.
– **Kibali**: Saw an increase in high-grade underground headings and is expected to perform better in Q4.
Insight: The continued optimization of mining processes, such as plant optimization and higher grades, are essential for maximizing gold production efficiency and profitability.
### Copper Production Highlights
– **Lumwana**: High Q3 production driven by improved ore access.
– **Zaldívar and Jabal Sayid**: Showed steady production levels.
Insight: Enhancements in ore access and operational efficiencies are crucial for maximizing copper production levels and mitigating costs.
### Quarterly Results and Sales
Barrick will release its Q3 2024 results on November 7, providing detailed insights into production and sales figures.
Insight: Detailed quarterly results provide stakeholders with a comprehensive view of operational performance and financial outcomes, aiding in informed decision-making.
### Technical Information
Reviewed and Approved by Qualified Persons, the technical information in the report ensures accuracy and compliance with industry standards.
Insight: Compliance with technical standards and the involvement of Qualified Persons are critical for maintaining credibility and reliability in mining operations.
### Cautionary Statements
Barrick emphasizes the preliminary nature of the data, highlighting the potential for variances due to various factors.
Insight: Transparency regarding the preliminary nature of data helps manage expectations and ensures informed decision-making based on accurate information.
