The company exceeded the expectations of analysts in benefits of the fourth quarter, driven by higher metal prices and an increase in production.
The Canadian company Barrick Gold He exceeded the estimates of analysts in terms of benefits of the fourth quarter on Wednesday, thanks to higher prices of gold and an increase in production. This company quotes in the local square through the Yield $ gold which holds solid performance So far this year of 12% and in February he climbed about 6%.
Before the opening of the markets on Wall Street, Barrick’s action was translated into U $ S17.34 after climbing 2% in previous operations.
In an adjusted base, the second largest gold mining in the world registered a benefit of 46 cents per action in the quarter ending on December 31, compared to estimates of 41 cents per action, according to data collected by LSE.
The production of gold in the quarter reached 1.08 million ounces, exceeding 1.05 million ounces of the same quarter last year, because their operations in North America, Africa and the Middle East met expectations.
Gold prices
Gold prices increased more than 27% in 2024, their largest annual increase since 2010, driven by the demand for safe refuge, interest rate cuts and purchases of central banks.
Barrick declared that his average prices made of gold rose to $ 2,657 per ounce in the fourth quarter, AU $ S1,986 front by ounce last year.
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However, the total maintenance costs (AISC), a metric of the industry that reflects total expenses, increased Au $ s1,451 per ounce in the quarter, front au $ s1,364 by ounce the ounce the last year.
The company also announced a new shares of shares of US $ 1,000 million, leaving aside its previous program that was in force since February 14, 2024.
Source: Ambito
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