Barrick Gold (ABX) Misses Q2 EPS by 5c

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Go back to Barrick Gold (ABX) Misses Q2 EPS by 5c

Barrick Reports Second Quarter 2018 Results

July 25, 2018 5:01 PM EDT

All amounts expressed in U.S. dollars unless otherwise indicated

Barrick reported a net loss of $94 million ($0.08 per share), and adjusted net earnings1 of $81 million ($0.07 per share) for the second quarter. The Company reported second quarter revenues of $1.71 billion, net cash provided by operating activities ("operating cash flow") of $141 million, and negative free cash flow2 of $172 million. Gold production in the second quarter was 1.07 million ounces, at a cost of sales applicable to gold3 of $882 per ounce, all-in sustaining costs4 of $856 per ounce, and cash costs4 of $605... More