Barrick First-Quarter Profit Rises After Gold Price Gains
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Barrick Gold Corp., the world’s largest producer of the metal, reported a 2.8 percent increase in first-quarter profit after gold prices rose.
Net income advanced to $1.03 billion, or $1.03 a share, from $1 billion, or $1, a year earlier, Toronto-based Barrick said today in a statement. Profit excluding impairment charges and other one-time items was $1.09 a share, matching the average of 18 estimates compiled by Bloomberg.