RE:New Press Release - Barrick On Track to Achieve 2023 Targets The average market price for gold in Q1 was $1,890 per ounce while the average market price for copper in Q1 was $4.05 per pound.
As previously guided, preliminary Q1 gold production was lower than Q4 2022 primarily as a result of lower production at Carlin, mainly due to annual roaster maintenance resulting in lower throughput at Goldstrike, the conversion of the Goldstrike autoclave to a conventional carbon-in-leach process and a harsh winter in northern Nevada impacting operations. This was combined with lower grades at Kibali due to mine sequencin Compared to Q4 2022, Q1 gold cost of sales per ounce2 is expected to be 3% to 5% higher, total cash costs per ounce3 are expected to be 13% to 15% higher and all-in sustaining costs per ounce3 are expected to be 9% to 11% higher.
Is the revenue this quarter 9-11% higher ?