11:42 AM EDT, 07/16/2024 (MT Newswires) -- Barrick Gold ( GOLD ) on Tuesday reported higher gold and copper production in the second quarter compared to the first quarter, according to preliminary figures.

The miner produced 948,000 ounces of gold and 43,000 tonnes of copper, increasing quarter over quarter from 940,000 ounces of gold and 40,000 tonnes of copper.

Second-quarter sales totaled 956,000 ounces of gold and 42,000 tonnes of copper, rising from first-quarter sales 910,000 ounces of gold and 39,000 tonnes of copper.

Barrick expects its gold and copper production in 2024 to progressively increase each quarter through the year, with a higher weighting in the second half.

The company said it remains on track to achieve its full year 2024 gold and copper guidance.

Barrick's shares were last seen up $1.04 to $26.16 on the Toronto Stock Exchange.

Price: 26.10, Change: +0.98, Percent Change: +3.90