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    gold-investing

    Higher Gold Prices Boost Barrick Profits

    Investing News Network
    May. 02, 2012 06:35AM PST
    Precious Metals Investing

    Bloomberg reported that Barrick Gold (NYSE:ABX) reported a 2.8% increase in first quarter profits, helped by higher gold prices.

    Bloomberg reported that Barrick Gold (NYSE:ABX) reported a 2.8% increase in first quarter profits, helped by higher gold prices.

    As quoted in the market news:

    Net income advanced to $1.03 billion, or $1.03 a share, from $1 billion, or $1, a year earlier, Toronto-based Barrick said today in a statement. Profit excluding one-time items was $1.09 a share, matching the average of 18 estimates compiled by Bloomberg.

    Click here to read the full Bloomberg report.

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