Canada’s Barrick Gold, the world’s largest gold producer by volume, announced Wednesday that it has made significant progress on initiatives to repair its debt-laden balance sheet, declaring an increased dividend to shareholders and renewed focus on exploration spending.
The Toronto-based miner reported better-than-expected earnings for the quarter ended December, with headline earnings of $255-million, or $0.22 a share, beating analyst estimates for earning $0.20 a share.
