BNN BLOOMBERG POLL: Are you buying gold stocks as a hedge against inflation?
Barrick Gold Corp. became one of the few major mining companies this earnings season to deliver a positive surprise, navigating cost inflation and production challenges to exceed analysts’ estimates.
Since taking Barrick’s reins after its 2018 takeover of Randgold Resources, Chief Executive Officer Mark Bristow has never missed estimates. On his watch, the Toronto-based firm has coped better than most with inflationary headwinds by unlocking savings following the Randgold acquisition, migrating to a younger workforce and building up stockpiles of inputs such as explosives.
Barrick already reported preliminary gold production for the second quarter that missed estimates, although output continues to grow and the firm says it’s on track to achieve 2022 guidance for both gold and copper.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Daily Chase: Barrick Gold delivers strong quarter; Oil under pressure - BNN BloombergBarrick Gold will be a stock to watch today after the company reported adjusted earnings per share for the second quarter that topped the average analyst estimate.
Read more »
Copper boosts Barrick Gold quarterly profitBarrick produced 120 million pounds of copper in the second quarter, up 25% from the first quarter
Read more »
Copper boosts Barrick Gold earnings
Read more »
Laughagain Hanover cruises at CDP; Gold Cup Trial preview declared no contest after driver unseated | SaltWireLaughagain Hanover made easy work of his prep race as the Gold Cup and Saucer hopeful easily slid around the historic oval at Red Shores Racetrack and ...
Read more »
Canada's Evan Dunfee pulls away from field to win Commonwealth gold in 10,000 race walkCanada's Evan Dunfee says he drew on the support of his loved ones to propel him to a Commonwealth Games gold medal.
Read more »
Sudbury paddler wins gold in Florida dragon boat championshipMelanie Cartier traveled to Sarasota, Florida to take part in the championship which ran July 20-26, winning three gold medals as part of the southern Ontario - yet ‘True North’ - team
Read more »