RTTNews | Aug 9, 2021 08:05AM EDT

08:05 Monday, August 9, 2021 (RTTNews.com) - Barrick Gold Corp. (GOLD, ABX.TO) reported second-quarter adjusted net earnings per share of $0.29, flat with prior year. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.28, for the quarter. Analysts' estimates typically exclude special items. Net earnings improved to $411 million from $357 million. Net earnings per share was $0.23 compared to $0.20.

Revenue declined to $2.89 billion from $3.05 billion, prior year. Analysts expected revenue of $3.06 billion, for the quarter. Production for the second quarter of 2021 was impacted by a mechanical mill failure at Carlin but Barrick remains on course to achieve its guidance for the year.

Barrick also announced that the second $250 million tranche (approximately $0.14 per share) of the return of capital distribution totalling $750 million will be paid on September 15, 2021 to shareholders of record at the close of business on August 31, 2021.

The second quarter dividend of $0.09 per share will be paid on September 15, 2021 to shareholders of record at the close of business on August 31, 2021.

Shares of Barrick Gold Corp. were down 1.3% in pre-market trade on Monday.

Read the original article on RTTNews ( https://www.rttnews.com/3217314/barrick-gold-corp-q2-net-profit-rises.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved