Barrick Gold: Earnings & Revenue: Adjusted net earnings rose 68% to $0.32 per share, and revenue increased by 15% to $3.16 billion, driven by higher gold and copper prices.

‍

• Production & Costs: Gold production was 948,000 ounces with an all-in sustaining cost of $1,498 per ounce. Copper production was 43,000 tonnes, with an all-in sustaining cost of $3.67 per pound.
• ‍
  
• Cash Flow & Dividend: Strong operating cash flow of $1.16 billion, up 53% from Q1, and free cash flow of $340 million. Quarterly dividend maintained at $0.10 per share.
• ‍
  
• CEO Outlook & Guidance: CEO Mark Bristow emphasized the company’s focus on achieving 2024 guidance with higher production and lower costs expected in the second half. Key projects, such as the Goldrush mine in Nevada, are progressing well.
• ‍
  
• Growth Initiatives: The company is expanding its asset base, including projects in Nevada and the Dominican Republic, and recommenced share buybacks, reflecting confidence in its growth trajectory.

‍