Company News: Barrick Gold (ABX) quarterly results beat analysts’ expectations

Market news

27 July 2017

Company News: Barrick Gold (ABX) quarterly results beat analysts’ expectations

Barrick Gold (ABX) reported Q2 FY 2017 earnings of $0.22 per share (versus $0.14 in Q2 FY 2016), beating analysts' consensus estimate of $0.17.

The company's quarterly revenues amounted to $2.160 bln (+7.4% y/y), beating analysts' consensus estimate of $2.031 bln.

The company also confirmed its FY 2017 production forecasts for gold of 5.3-5.6 million ounces and for copper of 400-450 million pounds.

ABX rose to $$16.62 (+2.34%) in pre-market trading.

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