Barrick Gold reports Q2 adjusted EPS 19c, consensus 18c

Reports Q2 revenue $2.83B, consensus $2.94B. “Barrick Gold is on target to meet its gold and copper production guidance for 2023 and continues to advance major projects which will drive value delivery in the long term through organic growth,” president and CEO Mark Bristow said. Commenting on the company’s Q2 results, Bristow said improved performances from the Carlin complex in Nevada, the Kibali gold mine in the Democratic Republic of Congo and the Lumwana copper mine in Zambia have laid a sound foundation for production in the second half of the year which, as guided, is expected to surpass the first. Key drivers of the higher anticipated H2 results are the Q2 completion of major maintenance projects at Nevada Gold Mines and the commissioning of the plant expansion at the Pueblo Viejo gold mine in the Dominican Republic.