Barrick Gold Corp. (TSX:ABX) reported higher income for the second from last quarter, reflecting higher gold costs and an abatement in working expenses.
The Toronto-based gold mineworker reported a net pick up of US$175 million, or 15 pennies US for each share, for the second from last quarter finished Sept. 30.
That contrasts and a net loss of US$264 million, or 23 pennies US for every share, in a similar period a year ago.
Barrick's balanced net income in the second from last quarter were US$278 million, or 24 pennies US for each share.
Balanced income in the earlier year time frame were US$131 million, or 11 pennies US for each share.
Second from last quarter incomes were US$2.30 billion, contrasted with US$2.32 billion in a similar period a year ago.
Barrick has said it has expanded its gold generation estimate for the year to 5.25 to 5.55 million ounces, up from its unique scope of 5.00 to 5.55 million ounces.
Gold Tips, MCX Tips, MCX Market Tips, Commodity Tips
Author : Ways2Capital
The Toronto-based gold mineworker reported a net pick up of US$175 million, or 15 pennies US for each share, for the second from last quarter finished Sept. 30.That contrasts and a net loss of US$264 million, or 23 pennies US for every share, in a similar period a year ago.
Barrick's balanced net income in the second from last quarter were US$278 million, or 24 pennies US for each share.
Balanced income in the earlier year time frame were US$131 million, or 11 pennies US for each share.
Second from last quarter incomes were US$2.30 billion, contrasted with US$2.32 billion in a similar period a year ago.
Barrick has said it has expanded its gold generation estimate for the year to 5.25 to 5.55 million ounces, up from its unique scope of 5.00 to 5.55 million ounces.
Gold Tips, MCX Tips, MCX Market Tips, Commodity Tips
Author : Ways2Capital
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