Barrick Keeps 2026 Output Forecasts as Gold Costs Rise 24 Per Cent - NetNewsLedger

AI desk brief

Barrick maintained 2026 gold production guidance at 2.9–3.25 million ounces after third-quarter output rose 3% sequentially to 816,000 ounces. Gold all-in sustaining costs increased 24% year on year to US$1,911/oz, attributed to lower grades, gold-linked royalties, diesel and sustaining capital; full-year cost guidance remains US$1,760–1,950/oz. Barrick cut attributable capital spending guidance to US$3.8–4.2 billion, mainly reflecting lower anticipated spending at Pakistan’s Reko Diq project, which remains under review. The update chiefly concerns operating costs and project spending; unchanged output guidance does not establish a directional near-term bullion effect.