Barrick Gold Expects Nevada Ventures to Start Paying Off in 2024

February 15, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Barrick Gold Corporation (NYSE:GOLD) (Toronto, Canada) ended 2023 on a high note, with its fourth-quarter gold and copper production outpacing that of the same quarter in 2022. Executives singled out the performance of Barrick's Cortez and Turquoise Ridge mines in Nevada, with the latter reporting 12% higher full-year production when compared with 2022, following operational improvements.

Industrial Info is tracking more than $14 billion worth of active and planned projects from Barrick, including about $3.2 billion worth at mines in the U.S. and Canada. Barrick expects to produce between 3.9 million and 4.3 million ounces of gold in 2024, along with between 360 million and 420 million pounds of copper, with full-year capital expenditures expected to total between $2.5 billion and $2.9 billion.

Other companies featured: Newmont Corporation (NYSE:NEM)