Barrick Reports First Quarter 2018 Results

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Go back to Barrick Reports First Quarter 2018 Results

Barrick Gold (ABX) Tops Q1 EPS by 1c

April 23, 2018 5:02 PM EDT

Barrick Gold (NYSE: ABX) reported Q1 EPS of $0.15, $0.01 better than the analyst estimate of $0.14. Revenue for the quarter came in at $1.79 billion versus the consensus estimate of $1.84 billion.

OUTLOOK

We continue to expect full-year gold production of 4.5-5.0 million ounces, at a cost of sales3 of $810-$850 per ounce, and all-in sustaining costs4 of $765-$815 per ounce. As previously reported, the power plant that supplies electricity to the Porgera Joint Venture mine was damaged during an earthquake that struck Papua New Guinea on February 26, 2018. The mine's processing plant is currently operating at approximately 25... More