Barrick Gold (ABX) Misses Q1 EPS by 6c

Barrick Gold (NYSE: ABX) reported Q1 EPS of $0.14, $0.06 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $1.99 billion versus the consensus estimate of $2.17 billion.

Outlook:

All-in sustaining costs(3) in the first quarter were $772 per ounce, compared to $706 per ounce in the first quarter of 2016. Approximately 90 percent of this increase, or roughly $58 per ounce, is a result of higher sustaining capital expenditures compared to the prior-year period. Significant items in the first quarter included planned capitalized stripping at Barrick Nevada, increased expenditures at Veladero relating to phase 4B and 5B of the leach pad, and other equipment purchases. Over the same period, cash costs(3) decreased, from $553 per ounce in the first quarter of 2016 to $545 per ounce in the first quarter of 2017.

For earnings history and earnings-related data on Barrick Gold (ABX) click here.

You May Also Be Interested In

• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
• CVG to join Russell 2000 and Russell 3000 indexes June 26
• Cerebras Systems (CBRS) Misses Q1 EPS, Revenues Beat