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Company News

BUZZ-Barrick Gold: Rises after co sees higher Q3 gold output vs. Q2

** Canadian gold miner’s U.S.-listed shares rise as much as 8.8 pct to $12.51 - biggest intra-day gain in more than 2 yrs

** Co forecasts Q3 gold sales growth of ~16 pct and a rise in output of ~8 pct, over Q2, due to improved throughput and grade at Barrick Nevada

** Forecasts Q4 gold output of about 1.25 mln ounces, up 8.7 pct from Q3 estimates

** ABX maintains its FY 2018 production and cost forecasts for the precious metal

** Despite Thursday’s gains, stock down 13.5 pct this year (Reporting by Debroop Roy in Bengaluru)

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