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Barrick reports "soft" Q3 as inflation bites

Barrick Gold has reported a 30.5% fall in net profit to US$241 million in the September quarter compared with $347 million a year ago, and a 50.6% fall from the preceding quarter as higher costs and lower metals prices impacted the business.

Barrick reports "soft" Q3 as inflation bites Barrick reports "soft" Q3 as inflation bites Barrick reports "soft" Q3 as inflation bites Barrick reports "soft" Q3 as inflation bites Barrick reports "soft" Q3 as inflation bites

Barrick Gold president and CEO Mark Bristow

Gold production fell 9.5% from a year ago to 988,000 ounces and 5% from the June quarter while all-in sustaining costs (AISC) increased 22.7% from a year ago and 4.7% from the June quarter.