Barrick Gold plans to sell Tongon gold mine in Ivory Coast - BBG

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Barrick Gold (GOLD) Reports In-Line Q2 EPS

August 12, 2019 7:05 AM EDT

Barrick Gold (NASDAQ: GOLD) reported Q2 EPS of $0.09, in-line with the analyst estimate of $0.09. Revenue for the quarter came in at $2.06 billion versus the consensus estimate of $2.14 billion.

2019 Q2 Highlights

Nevada Gold Mines launched successfully: positively impacts group production outlookAdjusted net earnings of $0.091 in line with consensusDebt net of cash unchanged after Q1 dividend paymentQuarterly dividend of $0.04 maintainedPV plant expansion pre-feasibility study on track for year-end completionAfrican operations post strong performanceOffer made to acquire minority interests in Acacia

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