Global Wrap: Barrick, lithium IPOs and more

IN Global Wrap: Barrick reports quarterly results; lithium majors Ganfeng and Livent debut on the same day; more drama for Acacia; Zambian tax changes; and coal company files for bankruptcy.

Global Wrap: Barrick, lithium IPOs and more Global Wrap: Barrick, lithium IPOs and more Global Wrap: Barrick, lithium IPOs and more Global Wrap: Barrick, lithium IPOs and more Global Wrap: Barrick, lithium IPOs and more

Barrick Gold Corporation has reported preliminary third quarter sales of 1.20 million ounces of gold, up 16% quarter-on-quarter, and production of 1.15Moz of gold, up 8% mainly due to a better performance in Nevada.

Copper production was 114 million pounds, while sales were 106Mlb.

The company flagged lower costs for the quarter, but will not report full details until later this month.

The average market price for gold in the third quarter was US$1213 per ounce, while the average market price for copper was $2.77 per pound.

Barrick maintained full-year guidance of 4.5-5Moz of gold and 345-410Mlb of copper at all-in sustaining costs of $765-815 per ounce of gold and $2.55-2.85/lb of copper.

However, the company said it now expec...