Barrick Stock Jumps After Profit Beat and $3 Billion Buyback: What Changes Now
Barrick Mining beat first-quarter profit estimates, reporting adjusted earnings of 98 cents per share versus the 78-cent analyst forecast. The company announced a $3 billion share buyback and kept full-year guidance unchanged. Gold output fell 5% to 719,000 ounces, but record prices lifted revenue to $5.22 billion. Shares closed up 9.06% at C$64.40 in Toronto.