Proactive’s Post

Gold miner, Barrick Gold Corporation Gold recently reported preliminary full year and fourth quarter 2023 production results. On the back of higher Q4 production, preliminary gold production for the full year of 4.05 million ounces was consistent with our forecast as guided in our third quarter release.1 Preliminary copper production of 420 million pounds for 2023 was within the guidance range of 420 to 470 million pounds. https://lnkd.in/d2piK_W3

Harmony Gold, the largest producer of South African gold, expects costs to jump this year, after profit in the previous 12 months soared on rising output and prices. Johannesburg-based Harmony said the cost of extracting gold at its deep mines in South Africa and a project in Papua New Guinea will increase by 13% to 22% in the fiscal year through June 2025. It also forecasts gold production to decline, after exceeding expectations last year. The market will focus on Harmony’s guidance for this year following the firm’s “strong” 2024, analysts from RMB Morgan Stanley wrote in a note. Lower production and higher costs “may come as a negative disappointment to some,” they said, adding that the company’s dividend was also below consensus expectations. Harmony shares fell as much as 10%, the most since August 2022. This year’s gains were pared to about 28%. “Our FY25 guidance reflects the higher capital expenditure required to sustain production and our growth plans,” Harmony said in a statement on Thursday. https://lnkd.in/eh6dGH7z

BARRICK ON TRACK TO ACHIEVE 2024 TARGETS Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “Company”) today reported preliminary Q1 production of 940 thousand ounces of gold and 40 thousand tonnes of copper, as well as preliminary Q1 sales of 910 thousand ounces of gold and 39 thousand tonnes of copper. As previously guided, Barrick’s gold and copper production in 2024 is expected to progressively increase each quarter through the year, with the Pueblo Viejo plant expansion ramping up from Q2 and the Porgera mine restart continuing in line with plans. We remain on track to achieve our…READ MORE HERE https://lnkd.in/dFRCwq7t

Aeris Resources Limited (ASX:AIS, OTC:ARSRF), a mid-tier base and precious metals producer in Australia, has forecast group copper-equivalent production of 40,000 to 48,000 tonnes during FY25, in line with the FY24 copper-equivalent production of 42,000 tonnes. Within this guidance is 27,000 to 32,000 tonnes of #copper, 50,000 to 62,000 ounces of #gold and 200,000 to 240,000 ounces of #silver, compared to the FY24 production of 27,200 tonnes of copper, 55,300 ounces of gold and 240,400 ounces of silver. The Tritton Copper Operations in central New South Wales is expected to produce 21,000 to 25,000 tonnes of copper and the Cracow Gold Project in Queensland is expected to produce 40,000 to 49,000 ounces of gold. More at #Proactive #ProactiveInvestors #CopperMining #CopperProduction #GoldMining #GoldStocks #GoldProduction http://ow.ly/wNU6105CAoz

BARRICK REPORTS HIGHER Q4 GOLD PRODUCTION  Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “Company”) yesterday reported preliminary full year and fourth quarter 2023 production results. On the back of higher Q4 production, preliminary gold production for the full year of 4.05 million ounces was consistent with our forecast as guided in our third quarter release.1 Preliminary copper production of 420 million pounds for 2023 was within the guidance range of 420 to 470 million pounds. The preliminary Q4 results show sales of 1.04 million ounces of gold and 117 million pounds of copper, as well as…READ MORE HERE https://lnkd.in/de28Qv2f

Gold miner, Barrick Gold recently reported preliminary full year and fourth quarter 2023 production results. On the back of higher Q4 production, preliminary gold production for the full year of 4.05 million ounces was consistent with our forecast as guided in our third quarter release.1 Preliminary copper production of 420 million pounds for 2023 was within the guidance range of 420 to 470 million pounds. https://lnkd.in/d2piK_W3

Gold Key facts: ⛏️ Gold is among Canada's most valuable mined commodities, with a production value of $13.2 billion in 2022. ⛏️ Gold is mined in 10 Canadian provinces and territories, with the majority coming from Ontario and Quebec that together accounted for 72% of Canada’s mined gold production in 2022. ⛏️ Canadian mines produced 204 tonnes of gold in 2022, ranking Canada as the fourth-largest global producer. To learn more about Lancaster's Piney Lake Gold Project, view this link: https://lnkd.in/gSbEhc3w #LancasterResources #CriticalMineralsExploration #PineyLakeGold #GoldPropertyAcquisition

Barrick’s preliminary full year 2023 production results: ✅ 4.05 million ounces of gold ✅ 420 million pounds of copper Preliminary Q4 2023 sales: ✅ 1.04 million ounces of gold ✅ 117 million pounds of copper Preliminary Q4 2023 production: ✅ 1.05 million ounces of gold ✅ 113 million pounds of copper The average market price for gold in Q4 was $1,971 per ounce and the average market price for copper in Q4 was $3.70 per pound. Full details in our news release: 📣 Barrick Reports Higher Q4 Gold Production https://lnkd.in/g_Uqe4FH Complete full year and fourth quarter 2023 results to come on Feb 14. $GOLD $ABX.TO

Centerra Gold Inc. Q3 Results - Gold production hit 93,712 ounces in Q3 2024, with Mount Milligan producing 42,993 oz and Öksüt producing 50,719 oz - Company cash position strong at $604.3M, with total liquidity of $1B including $400M credit facility available - Declared quarterly dividend of C$0.07 per share; bought back 1.74M shares for $12M in Q3 - Q3 net earnings were $28.8M ($0.14/share); adjusted net earnings were $38.6M ($0.19/share) - Gold sold at average price of $2,206/oz; copper at $3.37/lb. Gold & copper sales up 16% & 21% vs Q2 - Mount Milligan mine life extended by 2 years through Royal Gold agreement, with potential for further extensions - Thompson Creek mine restart announced with NPV of $472M, targeting production restart in H2 2027 - Company on track to meet 2024 guidance of 370-410K oz gold and 55-65M lbs copper production https://lnkd.in/e7w7b2pc

Namibia Critical Metals terminates transaction with Sylla Gold Corp Namibia Critical Metals Inc. has mutually terminated the share purchase agreement with Sylla Gold Corp. to divest four non-material gold properties in Namibia. This termination affects the previously announced transaction on March 19, 2024, which was updated on June 13, 2024. The decision to end the agreement suggests a change in strategy or market conditions for both companies. This development may impact Namibia Critical Metals' portfolio management and future plans for these gold properties. https://lnkd.in/dxMkjXPk