 | Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day's top stories directly to your inbox. Sign up here! |
(Kitco News) - Barrick Gold (NYSE: GOLD) (TSX: ABX) today reported net earnings of $305 million in Q2 2023, compared to net earnings of $120 million in Q1 2023 and net earnings of $488 million in Q2 2022.
The company said that compared to Q1 2023, its gold production in Q2 2023 was up 6% at just over 1 million ounces while copper production increased by 22% to 107 million pounds.
Barrick added that strong performances at Carlin, Kibali and Lumwana keep the company on track to deliver gold and copper production within annual guidance.
Barrick also announced the declaration of a dividend of $0.10 per share for the second quarter of 2023.
“Our asset base is the best in the business and it gives us a platform from which we can clearly see and plan for the future, managing the challenges and maximizing the opportunities. At the halfway mark of this year, we’ve again advanced significantly towards our goal of building the world’s most valued gold and copper mining company, and we have the strategy, the means and the motivation to achieve that,” said president and chief executive Mark Bristow.
