Canadian miner Barrick Gold Corp on Friday calculated its silver output in 2016 dropped 9.8% to 5.52 million ounces.
The world’s greatest manufacturer of bullion also calculated 2016 allin preserving charges was at or marginally below the lower end-of its estimate of $740-$775 per ounce of silver.
Compared, Barrick had allin preserving charges of $831 per ounce in 2015.
Barrick also calculated its expense of income appropriate to silver a year ago was in the lowend of the estimate of $800-$850 per oz it provided in April.
The Toronto-based business calculated its total-year copper output slipped 18.8% to 415 thousand lbs, with allin preserving charges of $2.00-$2.20 per-pound. These charges were $2.33 per-pound in 2015.