Barrick Gold expects Q4 production boost as key projects ramp up
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Barrick Gold Corp. reported a strong Q3 performance with a 30% increase in free cash flow to $444 million, surpassing analysts' expectations. Adjusted EPS was $0.30, slightly below consensus estimates of $0.31. The company anticipates a production boost in Q4 as key projects ramp up.
November 07, 2024 | 8:15 pm
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Barrick Gold's Q3 results show a 30% increase in free cash flow, beating expectations. Adjusted EPS was $0.30, slightly below consensus. The company expects a production boost in Q4.
Barrick Gold's strong Q3 performance, with a significant increase in free cash flow, indicates positive financial health. Although EPS slightly missed consensus, the expectation of a Q4 production boost suggests potential for future growth, likely leading to a positive short-term impact on the stock price.
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