Barrick Gold Corp Reported a Sharp Drop in 2nd Quarter

Gold Silver Reports (GSR) – Barrick Gold Corp reported a sharp drop in second-quarter adjusted profit on Wednesday, reflecting lower gold sales, and maintained its full year production forecast to produce between 4.5 million and 5 million ounces of gold.

The Toronto-based miner said adjusted net earnings for the quarter ended June 30 fell to $81 million, or 7 cents a share, compared with $261 million, or 22 cents a share in the same three-month period a year ago. On a net basis, Barrick lost $94 million, or 8 cents a share.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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