Barrick Gold reports first-quarter loss of $83 million

TORONTO – TORONTO (AP) _ Barrick Gold Corp. (ABX) on Tuesday reported a first-quarter loss of $83 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Toronto-based company said it had a loss of 7 cents. Earnings, adjusted for non-recurring costs, were 11 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.

The gold and copper mining company posted revenue of $1.93 billion in the period.

Barrick Gold shares have more than doubled since the beginning of the year. The stock has risen 27 per cent in the last 12 months.


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Keywords: Barrick Gold, Earnings Report