PROFIT & LOSS

Investors benefit from record distributions as Barrick reports 2022

Barrick Gold has reported a net loss of US$735 million for the December 2022 quarter on sales of $2.8 billion, compared with net earnings of $241 million in the prior year period.

Investors benefit from record distributions as Barrick reports 2022

For the full year, the company reported earnings of $432 million on sales of $12 billion at an average realised price of $1728/oz of gold, 79% less that the $2 billion of earnings in 2021. Barrick declared...

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