Another source of potential Rose mine funding ?Barrick runs the Hemlo mine 350 KMs east of Thunder Bay. Here's ABX's qtrly results
Barrick Gold Corp. (NYSE: GOLD; TSX: ABX) announced a 55% year-on-year increase in its first-quarter adjusted profit Wednesday, reporting that production and costs were consistent with full-year guidance while there was a jump in average realized gold prices.
After adjustments for special items, earnings were $285 million, or 16 cents per share, up from $184 million, or 11 cents, in the first quarter of 2019. The company’s adjusted earnings matched consensus estimates, analysts said.
Net earnings rose to $400 million, or 22 cents a share, from $111 million, or 6 cents, in the year-ago period. Free cash flow tripled to $438 million from $146 million.