http://copperinvestingnews.com/8528/greece-cancels-bailout-referendum-copper-recovers/

Thu, Nov 3, 2011

Other producers, however, are expecting copper output to fall in coming months.Barrick Gold (TSX:ABX), for instance, expects to produce 450 million to 460 million pounds of copper in 2011 at total cash costs between $1.60 to $1.70 per pound, which is down slightly from the Canadian group’s previous estimate of 455 million to 475 million pounds.

In the third quarter, Barrick Gold produced 140 million pounds of copper at total cash costs of $1.91 per pound. The figure included the first full quarter of production from its newly acquired Lumwana copper mine in Zambia, which produced 75 million pounds at total cash costs of $2.13 per pound. According to Barrick Gold, the Lumwana mine will produce around 155 million pounds of copper at total cash costs of $1.95 to $2.10 per pound from June 1 until the end of this year. As for the Zaldivar copper mine in Chile, it produced 65 million pounds at total cash costs of $1.67 per pound in the third quarter and is slated to produce around 300 million pounds of copper at $1.40 to $1.50 a pound in 2011. Barrick reported that the Zaldivar mine’s performance in the third quarter was hampered by unplanned primary crusher maintenance which affected throughput.