Barrick Gold earnings just miss forecast on Tanzania hit [Reuters]
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Source: Reuters
Barrick Gold earnings just miss forecast on Tanzania hit | Reuters Reuters Staff 2 Min Read VANCOUVER (Reuters) - Barrick Gold Corp, the world’s largest gold miner by production, reported slightly weaker-than-expected third-quarter earnings on Wednesday, reflecting lower production and gold prices as well as the impact of an export ban on its Tanzanian unit. The Canadian miner, which also produces copper, lowered the top-end of its 2017 production forecast range and raised the bottom-end of its cost outlook. Barrick said it now expects to produce between 5.3 million and 5.5 million ounces of gold this year at all-in sustaining costs of between $740 and $770 per ounce. It said previously that it expected to produce 5.3 million ounces to 5.6 million ounces at all-in sustaining costs of $720 to 770 per ounce. Barrick’s adjusted earnings declined to $186 million, or 16 cents a share, in the quarter from $278 million, or 24 cents a share. Analysts, on average, were expecting adjusted earni
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