Commodities
Barrick CEO Says Inflation Not Over as Costs Weigh on Results
- Bristow sees some relief in fuel costs due to natural gas drop
- Barrick’s results missed expectations on cash flow, costs
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Barrick Gold Corp.’s top executive says inflation is going to be sticking around to hobble the mining industry for a while longer.
Despite expectations that the pace of inflation may start to ease as central banks ratchet up the cost of borrowing, Barrick’s Chief Executive Officer Mark Bristow doesn’t see enough to move the needle much.