Benzinga | Aug 10, 2020 11:35AM EDT

Why Barrick Gold's Stock Is Trading Higher Today

Barrick Gold (NYSE:GOLD) shares are trading higher on Monday after the company reported better-than-expected second-quarter results.

Barrick Gold is one of the world's largest gold producers, operating mines in North America, South America, Australia, and Africa. In 2019, the firm produced nearly 5.5 million attributable ounces of gold and more than 430 million pounds of copper, boosted by the acquisition of Randgold at the end of 2018.

As of Dec. 31, 2019, Barrick had 71 million ounces and 13.5 billion pounds of proven and probable gold and copper reserves, respectively.

Barrick Gold shares were trading up 1.87% at $29.41 on Monday during the time of publication. The stock has a 52-week range between $30.69 and $12.65.

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