Advertisement

BRIEF-Barrick Q4 Loss Per Share $0.27

From Reuters - February 14, 2018

Feb 14 (Reuters) - Barrick Gold Corp:

* BARRICK REPORTS 2017 FULL YEAR AND FOURTH QUARTER RESULTS

* Q4 ADJUSTED EARNINGS PER SHARE $0.22

* Q4 LOSS PER SHARE $0.27

* Q4 REVENUE $2.23 BILLION

* GOLD PRODUCTION GUIDANCE FOR 2018 IS 4.5-5.0 MILLION OUNCES

* COPPER PRODUCTION GUIDANCE FOR 2018 IS 385-450 MILLION POUNDS

* BASED ON CURRENT ASSET MIX, FROM 2019 TO 2022 EXPECT AVERAGE ANNUAL GOLD PRODUCTION TO BE BETWEEN 4.2-4.6 MILLION OUNCES

* INTEND TO REDUCE TOTAL DEBT TO AROUND $5 BILLION BY THE END OF 2018

* GOLD PRODUCTION IN THE FOURTH QUARTER WAS 1.34 MILLION OUNCES COMPARED TO 1.52 MILLION OUNCES LAST YEAR

* IN 2017, REDUCED TOTAL DEBT BY $1.51 BILLION, OR 19 PERCENT

* QTRLY COPPER PRODUCTION 99 MILLION POUNDS VERSUS 101 MILLION POUNDS

* QTRLY ALL-IN SUSTAINING COSTS FOR COPPER $2.51 PER POUND VERSUS $2.04 PER POUND

* PROVEN AND PROBABLE GOLD RESERVES WERE 64.5 MILLION OUNCES, AS OF DECEMBER 31, 2017

Advertisement

Continue reading at Reuters »