Barrick Mining Posts $1.6 Billion Q1 Profit, Beating 74-Cent Estimates

14 articles · Updated · KARE11.com · May 11

$1.6 billion in first-quarter net income gave Barrick Mining earnings of 96 cents a share, or 98 cents adjusted for non-recurring costs.
Wall Street had expected 74 cents a share from the gold and copper miner, making the adjusted result a clear earnings beat.
$5.22 billion in quarterly revenue accompanied the profit as Barrick's shares stayed down 1% for the year.
The stock has still more than doubled over the past 12 months, underscoring how strong commodity-linked gains have outweighed its recent pullback.

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