(Reuters) -Canada’s Barrick Gold missed Wall Street estimates for third-quarter profit on Thursday, weighed down by lower production at its mines.
Barrick’s third-quarter gold output missed estimates in October, weighed by a fall in output at its Carlin and Cortez mines in Nevada.
All-in sustaining costs (AISC) for gold, an industry metric reflecting total expenses, rose to $1,507 per ounce in the quarter, from $1,255 per ounce last year.
On an adjusted basis, the world’s second-largest gold miner posted a profit of 30 cents per share in the quarter ended Sept. 30, compared to an estimate of 31 cents per share, according to data compiled by LSEG.
(Reporting by Sourasis Bose in Bengaluru; Editing by Pooja Desai)
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