Barrick gains from gold price surge as profits rise by almost 55%
But Canadian miner cuts production forecast due to problems with the lease for Porgera mine in Papua New Guinea
06 May 2020 - 15:54
Miner Barrick Gold Corp reported a rise of nearly 55% in quarterly adjusted profit on Wednesday, benefiting from a surge in the gold price, but trimmed production outlook for the metal over a mining lease issue in Papua New Guinea.
The Canadian miner now expects attributable gold production to range from 4.6-million ounces to 5-million ounces compared with the earlier range of 4.8-million ounces to 5.2-million ounces...
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