PROFIT & LOSS

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 Gold's Veladero in Argentina

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. Its all-in...

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