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Barrick's earnings were 82 cents last quarter, missing estimates, but it kept its gold production plans, and shares went up.

ResultsRead the original at Benzinga
Neutral

Barrick missed profit and sales estimates, and total attributable gold output fell 2% as costs rose. Output excluding sold assets rose 6%, cash remained strong, and production plans held, leaving mixed evidence about the company’s outlook.

B · Barrick Mining Corporation

AI read · Neutral

The AI's read

Higher production at some mines did not fully carry through to total attributable gold output, which fell 2%. Costs rose for both metals, adding pressure. Barrick still generated $2.49 billion in operating cash flow and returned $1.04 billion to shareholders. Planned production ranges stayed unchanged, so the quarter gives mixed evidence about the company’s outlook.

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