Barrick Gold still has a lot of costs to squeeze out of its business despite its all-in sustaining cost (AISC) for both gold and copper increasing in the March quarter, president and CEO Mark Bristowtold Mining Journal following its results conference call, with the company's dividend policy set to reflect its net cash position. The company saw its gold AISC increase 14.3% to US$1,164 per ounce compared with the prior-year quarter, and 19.9% compared with the December 2021 quarter. Its CI cash cost for copper increased 13.1% to $1.81 per pound year-on-year and 11% from the December quarter.
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