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Barrick misses gold guidance as output sinks to 22-year low
By Jacob Lorine
Bloomberg News
Tuesday, January 17, 2023
Barrick Gold Corp.'s bullion output slid last year to its lowest level since 2000, missing analysts' expectations and its own target as operational woes curbed production.
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Barrick produced 4.14 million ounces of gold last year, marking its third straight decline in annual output, according to preliminary figures released today by the company. Chief Executive Officer Mark Bristow had said as recently as Nov. 3 that Barrick was on track to achieve its annual guidance of 4.2 million to 4.6 million ounces, albeit at the lower end of the range. ...
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