Barrick Gold’s Costs Climb Amid Pandemic While Output Slips

Barrick Gold Corp. says its costs to produce gold and copper rose in the second quarter as the global pandemic raged, while bullion production fell.

The so-called all-in-sustaining cost to produce an ounce of gold was likely 7% to 9% higher in the second quarter, compared with the previous three months, the Toronto-based miner said Thursday in a statement. Copper’s all-in-sustaining costs per pound were 4% to 6% higher, according to the preliminary results.