Barrick reports third quarter 2026 results
2026-11-13 11:23:03 [Print]
Barrick Mining Corporation recently reported third quarter operating and financial results for the period ended September 30, 2026.
In the third quarter of 2026, Barrick Mining produced 50,000 tons of copper, a year-on-year decrease of 9% and a month-on-month decrease of 11%. In the first three quarters, the cumulative copper production was 155,000 tons, a year-on-year decrease of 2%. Copper production guidance for 2026 remains unchanged at 190,000–220,000 tonnes.
Lumwana (Zambia): The mill expansion is progressing well and is expected to double copper production. The project remains on budget and on schedule for first copper at the end of Q1 2028. After the expansion is completed, the processing plant's annual processing capacity will reach 52 million tons of ore. This project is expected to produce approximately 240,000 tons of copper annually, and the mine life will exceed 30 years.
In the third quarter of 2026, Barrick Mining produced 50,000 tons of copper, a year-on-year decrease of 9% and a month-on-month decrease of 11%. In the first three quarters, the cumulative copper production was 155,000 tons, a year-on-year decrease of 2%. Copper production guidance for 2026 remains unchanged at 190,000–220,000 tonnes.
Lumwana (Zambia): The mill expansion is progressing well and is expected to double copper production. The project remains on budget and on schedule for first copper at the end of Q1 2028. After the expansion is completed, the processing plant's annual processing capacity will reach 52 million tons of ore. This project is expected to produce approximately 240,000 tons of copper annually, and the mine life will exceed 30 years.
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