Barrick Jumps as Cost-Cutting Gold Supplier Defies Inflation
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At first glance, Barrick Gold Corp.’s best day in the stock market in almost five months seems all about production: the world’s No. 2 producer churned out more bullion than analysts expected.
But a closer look at fourth-quarter results reveals another strong earnings indicator, with the Toronto-based producer managing to bring down costs in an otherwise inflationary environment.