Barrick Sees Stable Gold Output In Q3, Prepares For Stronger Q4
Portfolio Pulse from Lekha Gupta
Barrick Gold Corporation reported stable gold output for Q3 and anticipates a stronger Q4. The company produced 943,000 ounces of gold and 48,000 tonnes of copper, with sales slightly higher. Despite stable production, costs are expected to rise slightly. Barrick aims to meet its full-year production guidance for 2024. Investors can access Barrick's stock through ETFs like Sprott Gold Miners ETF and VanEck Gold Miners ETF.
October 16, 2024 | 6:01 pm
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NEUTRAL IMPACT
VanEck Gold Miners ETF includes Barrick Gold, which reported stable Q3 production and anticipates a stronger Q4.
GDX's performance may be indirectly affected by Barrick Gold's stable Q3 and anticipated stronger Q4, as it includes Barrick in its holdings.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Barrick Gold reported stable Q3 production but expects higher costs. The company anticipates a stronger Q4 and aims to meet 2024 production guidance.
Barrick Gold's stable Q3 production and anticipation of a stronger Q4 suggest a neutral short-term impact. The slight increase in costs may offset the positive outlook for Q4.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Sprott Gold Miners ETF provides exposure to Barrick Gold, which reported stable Q3 production and anticipates a stronger Q4.
SGDM's exposure to Barrick Gold means its performance may be influenced by Barrick's stable Q3 and anticipated stronger Q4, but the impact is indirect.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50