Chief gold producer Barrick Gold has delivered a strong financial performance during the first quarter, doubling headline earnings and beating stock market forecasts; all the while making good progress on strategic objectives despite a 7.9% decline in output.
The Toronto-based company, whose stock is quoted both on the TSX and NYSE, reported headline net earnings for the three months ended March 31 of $127-million, or $0.11 a share, beating earnings forecasts by $0.01 and rising from $62-million or $0.05 a share over the comparable period of 2015.
