Barrick reported a net loss of US$94 million or 8 cents per share, and adjusted net earnings of $81 million or 7 cents per share for the second quarter of 2018.
Barrick (NYSE:ABX) traded down -1.18% to US$11.68 as of 5:42 p.m. EDT.
Barrick said earnings and cash flow impacted by planned maintenance activities at Barrick Nevada and Pueblo Viejo. The company says it remains on track to meet full-year gold production guidance, with higher production and lower costs expected in the second half of 2018.
Gold production in the second quarter was 1.07 million ounces, at a cost of sales applicable to gold of $882 per ounce, all-in sustaining costs of $856 per ounce, and cash costs of $605 per ounce.
Copper production was 83 million pounds, at a cost of sales applicable to copper of $2.45 per pound, all-in sustaining costs of $3.04 per pound, and cash costs of $2.10 per pound.
Written with material from Barrick news release.
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From:: Mining.com