Barrick Gold reports US$2.14B profit for 2024, up from US$1.27B in 2023
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$1 per week for 24 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 12/02/2025 (237 days ago), so information in it may no longer be current.
TORONTO – Barrick Gold Corp. says it earned US$2.14 billion in 2024, up from $1.27 billion a year earlier, helped by higher gold and copper prices.
The gold miner, which keeps its books in U.S. dollars, says the profit amounted to US$1.22 per diluted share for the year, up from 72 cents US per diluted share in 2023.
Revenue for the year totalled US$12.92 billion, up from US$11.40 billion.
Gold sales for the year totalled nearly 3.8 million ounces, down from four million ounces in 2023, while the realized price rose to US$2,397 per ounce, up from US$1,948 a year earlier. Copper sales totalled 177,000 tonnes last year, down from 185,000 tonnes in 2023, while the company’s realized copper price amounted to US$4.15 per pound in 2024, up from US$3.85 a year earlier.
On an adjusted basis, Barrick says it earned US$1.26 per share in 2024, up from an adjusted profit of 84 cents US per share in 2023.
Barrick also announced plans to buy back up to US$1 billion worth of its shares over the next 12 months. The company repurchased US$498 million worth of its shares under its 2024 buy back program.
This report by The Canadian Press was first published Feb. 12, 2025.
Companies in this story: (TSX:ABX)