Surging Gold Prices Take Barrick Gold’s Profits To Record Highs

Feb. 17, 2011 10:34AM PST

Forbes reports on Barrick Gold’s (TSE:ABX) fourth quarter earnings that surpassed Wall Street’s expectations on surging gold prices.

Forbes reports on Barrick Gold’s (TSX:ABX) fourth quarter earnings that surpassed Wall Street’s expectations on surging gold prices.

The editorial is quoted as saying:

The Toronto, Canada-based gold giant posted record net income of $896 million for the fourth quarter, adjusted to $947 million to exclude one-time items, a 57% gain from the same period a year ago. In a per share basis, Barrick Gold posted earnings of 95 cents, compared with consensus forecasts of 84 cents.

Click here to access the entire report.

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