July 26, 2017 / 9:11 PM / 3 years ago

Barrick profit jumps on gains from sales of mine, project stakes

VANCOUVER, July 26 (Reuters) - Barrick Gold Corp, the world’s largest gold miner by production, reported a big jump in second-quarter profit on Wednesday, reflecting gains related to the sales of stakes in its Veladero gold mine in Argentina and a project in Chile.

The Toronto-based miner said net earnings for the quarter ended June 30 surged to $1.08 billion, or 93 cents a share, from net profit of $138 million, or 12 cents a share in the three-month period a year ago. (Reporting by Nicole Mordant in Vancouver and Susan Taylor in Toronto; Editing by David Gregorio)

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