Barrick Gold reports Q3 profit down from year ago, gold prices lower
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 $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.99/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 $19.95 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 04/11/2021 (1611 days ago), so information in it may no longer be current.
TORONTO – Barrick Gold Corp. reported its third-quarter profit fell compared with a year ago as the price of gold also moved lower.
The gold miner, which keeps its books in U.S. dollars, says its profit attributable to equity holders totalled US$347 million or 20 cents per share for the three months ended Sept. 30, down from US$882 million or 50 cents per share a year ago.
Revenue totalled $2.83 billion, down from US$3.54 billion in the same quarter last year, as Barrick’s realized gold price fell to US$1,771 per ounce compared with US$1,926 per ounce a year ago.
Gold production totalled 1,092,000 ounces, down from 1,155,000 ounces a year ago, while copper production slipped to 100 million pounds compared with 103 million in the same quarter last year.
On an adjusted basis, Barrick says it earned 24 cents per share, down from an adjusted profit of 41 cents per share a year ago.
Analysts on average had expected an adjusted profit of 23 cents per share, according to financial markets data firm Refinitiv.
This report by The Canadian Press was first published Nov. 4, 2021.
Companies in this story: (TSX:ABX)