Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Aaron Regent, president and CEO of Barrick Gold. (Fred Lum/Fred Lum/The Globe and Mail)
Aaron Regent, president and CEO of Barrick Gold. (Fred Lum/Fred Lum/The Globe and Mail)

Barrick Gold misses the mark Add to ...

Barrick Gold Corp. says its adjusted net earnings grew 15 per cent in the fourth quarter on higher gold prices and copper sales, but the results still missed analyst expectations.

The Toronto-based company, which reports in U.S. dollars, posted adjusted profits of $1.17 billion (U.S.), filtering out various after-tax charges.

More related to this story

On a per-share basis, the results were equal to $1.17 per share, well short of analyst predictions of $1.27 per share, according to a poll by Thomson Reuters. A year earlier, the company posted adjusted earnings of $1.02 billion, or $1.02 per share.

Net income slipped to $959 million, or 96 cents per share, from $961 million a year ago, also equal to 96 cents per share.

Barrick said the results were impacted by after-tax writedowns of $153 million tied to redundant power assets and its investment portfolio.

Revenues increased to $3.79 billion from $3.01

Follow us on Twitter: @GlobeInvestor

In the know

Most popular video »

Highlights

More from The Globe and Mail

Most Popular Stories