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What’s the Upside to Barrick Gold’s Costs Going Forward?

Annie Gilroy
What’s the Upside to Barrick Gold’s Costs Going Forward?

Barrick Gold (ABX) reported AISC (all-in sustaining costs) of $785 per ounce and a cost of sales of $850 per ounce in the third quarter. Its AISC were 1.7% higher YoY (year-over-year) due to lower ounces sold, and its costs improved 8.3% sequentially. Its costs in the third quarter were in line with its guidance.