08:33:57 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,165,574,071
Close 2017-02-15 C$ 25.28
Market Cap C$ 29,465,712,515
Recent Sedar Documents

Post says Barrick beats Q4 expectations

2017-02-16 09:20 ET - In the News

The Financial Post reports in its Thursday edition that Barrick raised its dividend Wednesday after fourth-quarter earnings beat analysts' expectations. The Post's Sunny Freeman writes that Barrick posted net income of $425-million, or 36 cents per share (all figures U.S.). After adjustments, net income for the quarter was $255-million, or 22 cents a share -- a 180-per-cent jump from the $91-million, or eight cents per share it earned in the fourth quarter of 2015. Analysts were expecting earnings of $227-million, or 20 cents per share. The company credited increases in realized gold and copper prices and lower costs of sale. Barrick also boosted its 2017 gold production estimate to between 5.6 million and 5.9 million ounces with all-in sustaining costs coming in between $750 and $790 per ounce, representing an improvement from its earlier guidance. Barrick's outstanding debt as of December was $7.9-billion. It plans to cut its total debt by $2.9-billion to $5-billion by the end of 2018. Analysts had expected to see better full-year results than 2015 and a portion of Barrick's debt paid down after it launched its turnaround plan in 2015. Some had thought that Barrick would cut its debt in half this year.

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