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BRIEF-Barrick Announces Preliminary FY Gold Production Of 4.53 Mln Ounces For 2018

Published 2019-01-21, 04:46 p/m
Updated 2019-01-21, 04:50 p/m
© Reuters.  BRIEF-Barrick Announces Preliminary FY Gold Production Of 4.53 Mln Ounces For 2018

Jan 21 (Reuters) - Barrick Gold Corp ABX.TO :

* BARRICK REPORTS PRELIMINARY FULL YEAR AND FOURTH QUARTER PRODUCTION RESULTS

* ANNOUNCED PRELIMINARY FULL YEAR GOLD PRODUCTION OF 4.53 MILLION OUNCES FOR 2018

* PRELIMINARY FULL YEAR GOLD SALES OF 4.54 MILLION OUNCES FOR 2018

* PRELIMINARY Q4 GOLD PRODUCTION WAS 1.26 MILLION OUNCES, AND PRELIMINARY Q4 GOLD SALES WERE 1.23 MILLION OUNCES

* Q4 GOLD COST OF SALES PER OUNCE ARE EXPECTED TO BE APPROXIMATELY 15-17 PERCENT HIGHER THAN Q3 RESULTS

* PRELIMINARY FY COPPER PRODUCTION WAS 383 MILLION POUNDS, IN LINE WITH THE CO'S GUIDANCE OF 345 MILLION-410 MILLION POUNDS FOR 2018

* Q4 CASH COSTS PER OUNCE ARE EXPECTED TO BE IN LINE WITH Q3 RESULTS

* SEES Q4 ALL-IN SUSTAINING COSTS PER OUNCE APPROXIMATELY 3-5 PERCENT HIGHER AS COMPARED TO Q3 RESULTS

* EXPECT FULL YEAR 2018 EFFECTIVE TAX RATE TO BE APPROXIMATELY 52-56 PERCENT, AN INCREASE FROM PREVIOUS RANGE OF 48-50 PERCENT

* PRELIMINARY COPPER PRODUCTION IN Q4 WAS 109 MILLION POUNDS, AND PRELIMINARY COPPER SALES IN Q4 WERE 109 MILLION POUNDS

* EXPECT QUARTER-OVER-QUARTER INCREASES IN CONSOLIDATED COPPER COST OF SALES PER POUND OF APPROXIMATELY 30 PERCENT

* RANDGOLD'S PRELIMINARY GROUP GOLD PRODUCTION WAS 1.28 MILLION OUNCES FOR 2018, 1 PERCENT BELOW RANDGOLD'S GUIDANCE OF 1.30-1.35 MILLION OUNCES

* RANDGOLD'S PRELIMINARY Q4 GROUP GOLD PRODUCTION WAS 375000 OUNCES, AND PRELIMINARY Q4 GROUP GOLD SALES WERE 376000 OUNCES

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