Thursday, October 26, 2017

Barrick Gold Corporation - ABX.t

Barrick Gold Corporation - ABX.t is the world’s largest gold producer, with a portfolio of 27 operating mines and advanced exploration and development projects located across five continents.

On October 26, 2017 the company released Numbers

"All amounts expressed in U.S. dollars unless otherwise indicated
  • Barrick reported a net loss attributable to equity holders ("net loss") of $11 million ($0.01 per share), and adjusted net earnings1 of $186 million ($0.16 per share) for the third quarter.
  • The Company generated third quarter revenues of $1.993 billion, net cash provided by operating activities ("operating cash flow") of $532 million, and free cash flow2 of $225 million.
  • Gold production in the third quarter was 1.243 million ounces, at a cost of sales applicable to gold3 of $820 per ounce, and all-in sustaining costs4 of $772 per ounce.
  • We have reduced our total debt by nearly $1.5 billion year to date, exceeding our target for 2017.
  • We have narrowed full-year gold production guidance to 5.3-5.5 million ounces, at a cost of sales3 of $790-$810 per ounce, and all-in sustaining costs4 of $740-$770 per ounce.
  • Feasibility level projects at Cortez Deep South, Goldrush, Turquoise Ridge, and Lagunas Norte continue to advance on schedule and within budget. A prefeasibility study for Pascua-Lama remains underway. 















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