Finance > Profit-loss

Barrick cost concern for 2018 onwards

Barrick Gold’s (US:ABX) focus on cost over growth has allowed it to pay off debt but flat production and increasing costs might give pause to investors looking for gold exposure.

Finance > Profit-loss

Barrick cost concern for 2018 onwards

Barrick Gold’s (US:ABX) focus on cost over growth has allowed it to pay off debt but flat production and increasing costs might give pause to investors looking for gold exposure.

Barrick cost concern for 2018 onwards

Man the Barrick-cades: The Hemlo mine in Canada (197,000oz in 2017) was one of several Barrick mines to sell less last year than in 2016

Barrick Gold

Barrick's 2017 profit of US$876 million was weighed down by writedowns from Acacia Mining's (LN:ACA) Bulyanhulu operation in Tanzania and Pascua-Lama in Chile/Argentina, and so did not register a major increase on the year before despite asset sales and strong copper and gold prices.