Barrick Mining reports Q3 adjusted EPS 58c, consensus 61c

Reports Q3 revenue $4.15B, consensus $4.36B. Barrick produced 829,000 ounces of gold and 55,000 tonnes of copper in the quarter. “Higher gold production combined with lower costs and strong commodity prices drove record cash flow for Barrick in Q3,” said Mark Hill, Group Chief Operating Officer and Interim President and Chief Executive Officer. “This allowed us to significantly increase share repurchases while also making progress on our key growth projects, maintaining our industry-leading balance sheet. Given the confidence in ongoing cash flow generation and shareholder focus, the Board has approved a 25% increase in the base quarterly dividend. Our portfolio of world-class assets continues to grow, as demonstrated by the generational gold discovery at Fourmile in Nevada.”