Oct 16 (Reuters) - Barrick Gold ( GOLD ) produced lower
than expected gold in the third quarter, pressured by lower
output at its Carlin and Cortez mines in Nevada, the Canadian
miner said on Wednesday.
The company, however, said an operational expansion at its
Carlin mine would support higher throughput and recoveries in
the last quarter of the year.
Barrick's total preliminary output stood at 943,000 ounces
of gold in the July-September period, compared with analysts'
estimate of 975,000 ounces, according to data compiled by LSEG.
All in sustaining costs (AISC) for gold, an industry metric
used to express total expenses, are expected to rise at least 2%
over the $1,498 per ounce reported in the previous quarter.
Analysts estimate AISC of $1,491 for the three months ended
Sept. 30.
The company's U.S.-listed shares were up marginally before
the bell.