July 27, 2016 / 9:17 PM / in a year

Barrick Gold reports bigger second-quarter profit

TORONTO, July 27 (Reuters) - Barrick Gold Corp, the world’s largest gold producer, reported a bigger second-quarter profit on Wednesday, compared with the same period last year, as gold prices rose and costs fell.

The Toronto-based miner reported an adjusted profit of 12 cents a share, in the quarter ended June 30, compared with 5 cents a share, a year earlier.

Revenue fell to $2.01 billion from $2.23 billion. (Reporting by Susan Taylor; Editing by Sandra Maler)

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