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Barrick ups shareholder returns as earnings fall

Barrick Gold has reported net earnings of US$2.3 billion in 2020, 41% less than the $3.9 billion in 2019, and adjusted earnings of $2.3 billion compared with $902 million in 2019.

Barrick ups shareholder returns as earnings fall Barrick ups shareholder returns as earnings fall Barrick ups shareholder returns as earnings fall Barrick ups shareholder returns as earnings fall Barrick ups shareholder returns as earnings fall

Barrick Gold's Veladero in Argentina

Barrick generated record annual free cash flow of US$3.4 billion.

The company said it met its production targets for 2020 although output fell 13% to 4.8 million ounces from 5.5Moz in 2019.