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Barrick Gold’s Production Growth Profile Is Declining

Annie Gilroy
Barrick Gold’s Production Growth Profile Is Declining

Production growth is a crucial variable for miners. Barrick Gold (ABX) produced ~1.07 million ounces of gold in the second quarter, which reflects a decline of ~25.0% YoY (year-over-year). Barrick Gold (ABX) has maintained its production guidance of 4.5 million–5.0 million ounces of gold in 2018.