Barrick Gold Corp reported quarterly adjusted profit that nearly doubled on high...
) reported quarterly adjusted profit that nearly doubled on higher production on Monday, and said it has a “great deal of work” ahead resolving problems around its African unit, whose buyout the company expects to complete next month.
The world’s second-largest gold producer reported adjusted profit of $154 million, or 9 cents per share, in the second quarter ended June 30, up from $81 million, or 7 cents per share, a year earlier. He said Barrick must work to “get to grips” with Acacia’s operations, and sort out disputes the London-listed miner has faced in Tanzania.
Gold output in the quarter jumped nearly 27% to 1.35 million ounces from a year ago, while copper rose about 17% to 97 million pounds.
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