Barrick Mining reaffirms FY25 production guidance

“Full-year 2025 guidance remains unchanged. We continue to expect gold production of 3.15-3.50 million ounces, tracking in the lower half of the range, with quarterly production highest in Q4. Following the agreed sales of Hemlo and Tongon, we expect a portion of the production for the fourth quarter from these assets will be excluded. Gold cost guidance, including COS of $1,460-$1,560 per ounce, TCC of $1,050-$1,130 per ounce and ASIC of $1,460-$1,560 per ounce, is based on a gold price assumption of $2,400 per ounce. Adjusting for the current gold price and the impact on royalties on our costs of approximately $50 per ounce, we are on track to achieve our 2025 gold cost guidance, with the impact as follows: COS per ounce of $1,510-$1,610, TCC per ounce of $1,100-$1,180 and AISC per ounce of $1,510-$1,610. Full-year copper production guidance remains 200,000-230,000 tonnes at copper COS of $2.50-$2.80 per pound, C cash costs1 of $1.80-$2.10 per pound and AISC of $2.80-$3.10 per pound.”