Mackie Research Downgrades Barrick Gold (ABX) to Hold
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Barrick Reports 2015 Full Year and Fourth Quarter Results- Growing Free Cash Flow Through Expanding Margins and Superior Portfolio Management
February 17, 2016 5:02 PM ESTTORONTO, ONTARIO -- (Marketwired) -- 02/17/16 -- Barrick Gold Corporation (NYSE: ABX)(TSX: ABX)
-- In 2015, Barrick produced 6.12 million ounces of gold, in line with the company's revised outlook for the year. All-in sustaining costs of $831 per ounce(1) in 2015 were below our original guidance of $860-$895 per ounce, and at the low end of our revised outlook of $830-$870 per ounce. -- In 2015, despite lower gold prices, Barrick recorded positive free cash flow for the first time in four years, generating $471 million(1,2)in free cash flow for the full... More