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Company News

Barrick Gold profit drops on lower gold sales

TORONTO, July 25 (Reuters) - 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. (Reporting by Susan Taylor; editing by Diane Craft)

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