May 6, 2008 / 12:22 PM / 9 years ago

Barrick Gold swings to profit in first quarter

(In U.S. dollars unless noted)

TORONTO, May 6 (Reuters) - Barrick Gold Corp (ABX.TO) said on Tuesday it earned $514 million, or 58 cents a share, in the first quarter, rebounding from a loss a year earlier.

The profit compared to a loss of $159 million, or 18 cents a share, in the first quarter a year ago, when the company took a charge to exit forward sales contracts, the world’s No. 1 gold producer said. ($1=$1.01 Canadian) (Reporting by Frank Pingue; Editing by Bernadette Baum)

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