Barrick Gold Corp. (ABX.TO: Quote, ABX) posted second-quarter net earnings of $1.2 billion or $1.16 per share compared to $859 million or $0.86 per share last year. Adjusted net earnings increased to $1.1 billion from $824 million reported a year ago. Adjusted basic earnings per share rose to $1.12 from $0.84 in the prior year.
EBITDA for the quarter increased to $2.1 billion from $1.5 billion in the same quarter a year earlier.
Quarterly revenues climbed to $3.43 billion from $2.62 billion in the previous year.
Analysts polled by Thomson Reuters expected the company to earn $1.08 per share on revenues of $3.32 billion for the quarter. Analysts' estimates typically exclude special items.
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by RTT Staff Writer
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