Nov 7 Reuters Canada39;s Barrick Gold missed Wall Street estimates for thirdquarter profit on Thursday, weighed down by higher costs and lower production at its Nevada mines.

Total gold output at Nevada Gold Mines fell to 385,000 ounces in the JulySeptember quarter, compared with 401,000 ounces in the preceding three months, the company reported in October.

Meanwhile, allin sustaining costs AISC for gold, an industry metric reflecting total expenses, rose to 1,507 per ounce in the quarter, from 1,255 per ounce last year.

U.S.listed shares slipped 1.6 in premarket trade.

Newmont, the world39;s biggest gold miner, also reported a rise in costs in the third quarter due to higher contractual labor costs.

Barrick39;s realized price for gold rose 29.4 to 2,494 per ounce during the quarter, tracking a rally in bullion prices following a 50 basis point rate cut by the U.S. Federal Reserve and safe heaven demand due to the conflict in the Middle East.

Copper AISC rose 10.5 yearoveryear, even as it declined quarteroverquarter.

The Torontobased miner reiterated it was on track for an improved performance in the fourth quarter with production rampups at Pueblo Viejo at the Dominican Republic and higher output from its Nevada mines.

Barrick said fullyear production at its LouloGounkoto project in Mali where it is currently locked in a dispute related to an agreement with the government would be at the top end of its forecast.

On an adjusted basis, the world39;s…