Additionally, the conversion of the Goldstrike autoclave to a conventional carbon-in-leach process and severe winter weather in northern Nevada adversely impacted operations, resulting in a decline in production. Meanwhile, gold prices broke above the $1,800 per ounce level in December 2022 as signs of cooling U.S. inflation raised expectations of a less aggressive policy stance by the Federal Reserve. Barrick Gold Corporation GOLD is scheduled to report first-quarter 2023 results before the opening bell on May 3.