Higher Gold Prices Boost Barrick Profits

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.