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Royal Nickel Corp. RNKLF



GREY:RNKLF - Post by User

Post by sailor1986on Sep 27, 2018 5:19pm
201 Views
Post# 28704442

ABX Barrick Gold.

ABX Barrick Gold. Look at their last quarter. In 2017, Barrick reported net earnings attributable to equity holders of Barrick (net earnings) of $1.44 billion ($1.23 per share), and adjusted net earnings1of $876 million ($0.75 per share).The Company reported annual revenues of $8.37 billion, net cash provided by operating activities (operating cash flow) of $2.07 billion, and free cash flow2of $669 million.Full year gold production was 5.32 million ounces. Cost of sales applicable to gold3was $794 per ounce, and all-in sustaining costs4were $750 per ounce. Copper production was 413 million pounds, at a cost of sales3of $1.77 per pound, and all-in sustaining costs6of $2.34 per pound.Total debt was reduced by $1.51 billion, or 19 percent, to $6.4 billion. We intend to reduce total debt to around $5 billion by the end of 2018.Proven and probable gold reserves were 64.5 million ounces5as of December 31, 2017, primarily reflecting the reclassification of Pascua-Lama reserves to resources. Through increased investment in mine exploration drilling, the Company more than replaced the reserves it depleted through production at existing operations in 2017.Proven and probable copper reserves, including copper contained within gold reserves, were 11.2 billion pounds5as of December 31, 2017, and include the addition of approximately 2.6 billion pounds at Lumwana as a result of successful cost reduction efforts.Barrick reported a net loss of $314 million ($0.27 per share) in the fourth quarter, and adjusted net earnings1of $253 million ($0.22 per share).Fourth quarter revenue was $2.23 billion, operating cash flow was $590 million, and free cash flow2was $240 million.Gold production in the fourth quarter was 1.34 million ounces, at a cost of sales applicable to gold3of $801 per ounce, and all-in sustaining costs4of $756 per ounce. Copper production in the fourth quarter was 99 million pounds, at a cost of sales3of $1.79 per pound, and all-in sustaining costs6of $2.51 per pound.Gold production guidance for 2018 is 4.5-5.0 million ounces, at a cost of sales applicable to gold3of $810-$850 per ounce, and all-in sustaining costs4of $765-$815 per ounce. Copper production guidance for 2018 is 385-450 million pounds, at a cost of sales3of $1.80-$2.10 per pound, and all-in sustaining costs6of $2.30-$2.60 per pound.Based on our current asset mix, from 2019 to 2022 we expect average annual gold production to be between 4.2-4.6 million ounces, at an average cost of sales3of $850-$980 per ounce, and average all-in sustaining costs4of $750-$875 per ounce.Investor Day will be webcast on February 22 at www.barrick.com. Please join us for additional insights on our operations, projects, and other priorities. TORONTO Barrick Gold Corporation
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