Company Of The Day: Barrick Gold

by Trefis Team
+44.37%
Upside
21.11
Market
30.48
Trefis
GOLD
Barrick Gold
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What?

Barrick Gold (NYSE:GOLD) published a stronger-than-expected set of Q1 2021 results, with adjusted net profits rising 78% year-over-year to $507 million.

Why?

The year-over-year profit growth was driven primarily by stronger gold and copper prices.

So What?

The company says that it remains on track to meet its full-year targets, with production for the second half of the year likely to be stronger than the first, driven by scaling up of production at mines in Tanzania and Zambia.

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