Barrick Gold Q2 Net Edges Up

Barrick Gold (GOLD) on Monday reported net earnings of $488 million or $0.27 per share in the second quarter, lower than $411 million or $0.23 per share in the same quarter a year ago. The results reflected lower finance costs and tax expenses.

Finance costs were $89 million in the latest quarter, compared with $91 million in the prior-year quarter.

Excluding one-time items, earnings were $419 million or $0.24 per share, down from $513 million or $0.29 per share last year.

Quarterly revenue was $2.859 billion, relatively flat compared with $2.893 billion a year ago.

Additionally, the company declared a dividend of $0.20 per share, to be paid on September 15, to shareholders of record on August 31.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Ford Motor Co. is seeking a new trial in a Georgia court after a jury reached a $1.7 billion verdict in a lawsuit against the automotive major regarding a truck rollover accident, The Wall Street Journal reported. In the new court filings, Ford said it was unfairly precluded from providing evidence and thus defending against claims that its trucks were defective. Omnichannel retailer Macy's, Inc. announced Monday plans to hire colleagues for more than 41,000 full- and part-time seasonal positions for the upcoming holiday season. The colleagues will be positioned at its Macy's, Bloomingdale's and Bluemercury stores, supply chain locations and call centers. Seffner, Florida -based Canyon Furniture Co. is recalling ladders sold with bunk bed and hutch sets citing entrapment and strangulation risks, the U.S. Consumer Product Safety Commission said. The about 2,100 units of Canyon Lake and Cottage Colors Bunk Bed and Hutch Sets were sold exclusively at Rooms To Go.
Follow RTT