Barrick Gold Corp. is reporting a plunge in profits even as the gold miner beat earnings expectations. Find out more.
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The Toronto-based company says it took in US$305 million in net income for the quarter ended June 30, a 38 per cent drop from US$488 million during the same period a year earlier.Barrick, which reports in U.S. dollars, says revenues nudged down by one per cent to US$2.83 billion in its second quarter from US$2.86 billion the year before.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.
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