Barrick Mining: Fourth Quarter Earnings Overview

Barrick Mining Reports Strong Fourth-Quarter Earnings

Barrick Mining Corporation, headquartered in Toronto, announced a net profit of $2.41 billion for the fourth quarter.

The company’s earnings translated to $1.43 per share, while adjusted earnings, which exclude one-time items, were $1.04 per share.

These results surpassed analyst forecasts, as a consensus of five analysts polled by Zacks Investment Research had anticipated earnings of 85 cents per share.

During the quarter, Barrick Mining generated $6 billion in revenue from its gold and copper operations.

For the full year, the company reported a total profit of $4.99 billion, or $2.93 per share, on revenues of $16.96 billion.

Since the start of the year, Barrick Mining’s stock price has climbed nearly 9%, and over the past year, the shares have almost tripled in value.

Article produced by Automated Insights using information from Zacks Investment Research.