for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Company News

Barrick Gold posts lower 3rd-qtr profit on declining metal prices

TORONTO, Oct 24 (Reuters) - Barrick Gold Corp, which has agreed to a $6.1 billion deal to acquire Randgold Resources Ltd, reported a drop in third-quarter adjusted profit and revenue on Wednesday, hit by lower prices for gold and copper alongside higher fuel costs.

Adjusted net earnings for the quarter ended Sept. 30 were $89 million, or 8 cents a share, compared with $200 million, or 17 cents a share in the same three-month period a year ago.

That beat the 5 cents per share adjusted profit that analysts, on average, had expected, according to Refinitiv. (Reporting by Susan Taylor Editing by Tom Brown)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up