Barrick Gold Q2 Gold Production 948,000 oz, Down 6% YoY
Portfolio Pulse from Benzinga Newsdesk
Barrick Gold reported a 6% year-over-year decline in Q2 gold production, totaling 948,000 ounces.
August 12, 2024 | 10:11 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Barrick Gold reported a 6% year-over-year decline in Q2 gold production, totaling 948,000 ounces. This decrease in production could negatively impact the company's revenue and profitability in the short term.
A decline in gold production typically leads to lower revenues and profitability, which can negatively impact the stock price. The 6% decrease in production is significant enough to warrant a short-term negative outlook for Barrick Gold.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100