Barrick hits high-end of FY16 guidance

Initial indications are that Canadian miner Barrick Gold has hit the higher-end of its full-year 2016 production guidance at 5.52-million ounces, down 9.8% on 2015. The world's largest producer of bullion on Wednesday estimated 2016 all-in sustaining costs (AISC) were at, or slightly below, the low end of its forecast of $740/oz to $775/oz of gold, compared with 2015 AISC of $831/oz.