As expected, the decline in gold prices over the last twelve months negatively impacted the company?s profits. However, Barrick?s ongoing efforts to reduce operating costs and improve the productivity of its operations, aided by favorable currency movements, helped partially offset the impact of weak gold prices on earnings. The company?s adjusted net earnings, which exclude the impact of non-recurring items on earnings, declined by roughly 41% year-over-year to $131 million in Q3 2015. The key ...
Barrick Gold's Q3 Earnings Review: Cost Reduction Partially Offsets Impact Of Lower Gold Prices
Forbes - 30 Oct 2015 21:42
As expected, the decline in gold prices over the last twelve months negatively impacted the company?s profits. However, Barrick?s ongoing efforts to reduce operating costs and improve the productivity of its operations, aided by favorable currency movements, helped partially offset the impact of weak gold prices on earnings. The company?s adjusted net earnings, which exclude the impact of non-recurring items on earnings, declined by roughly 41% year-over-year to $131 million in Q3 2015. The key ...
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