Tag: $Barrick

Barrick Mining (ABX.TO), is delaying its ​huge copper and gold project ‌in Pakistan due to the Middle East conflict and deteriorating security situation in ​the South Asian country, ⁠citing correspondence seen by the ​media outlet.

Activist hedge fund Elliott Management has built a large stake in Barrick Mining, according to people familiar with the matter, after the world’s second-largest gold producer struggled to capitalise on a blistering bullion rally.

The Canadian company, one of the world’s biggest producers of gold, recorded second-quarter net earnings of $370 million, or 21 cents a share, up from $305 million, or 17 cents a share, a year earlier.

Barrick Gold Corporation announced today that its first-quarter earnings per share (EPS) outperformed analyst expectations by $0.03, coming in at $0.19 compared to the consensus estimate of $0.16.

Barrick Gold Corp (ABX.TO) beat analysts’ expectations for second-quarter profit on Tuesday, as the Canadian gold miner benefited from higher prices of the precious metal.