Company Profile For Barrick Gold Corporation

Barrick Gold Corporation (ABX.TO) (Toronto Stock Exchange)

sector: Basic Materials · industry: Precious Metals & Minerals ·

As of 9:18pm IST

45.94CAD

Price Change

-0.31

Percent Change

-0.67%

Analyst Recommendations

Overview

Barrick Gold Corporation (Barrick) is engaged the production and sale of gold, as well as related activities, such as exploration and mine development. Barrick also produces copper and holds interests in a platinum group metals development project and a nickel development project, both located in Africa, and a platinum group metals project located in Russia. Barrick has four regional business units (RBUs): North America, South America, Australia Pacific and Africa. On March 5, 2008, Barrick completed the acquisition of additional 40% interest in the Cortez property. During the year ended December 31, 2008, the Company acquired Cadence Energy Inc.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Barrick Gold Corp.'s revenues increased 3% to $5.95B. Net loss totaled $4.49B vs. an income of $1.25B. Revenue reflect an increase in income from gold sales. Net loss reflects an increase in cost of sales, higher amortization & accretion expenses, a rise in corporate administration expenses, higher other expenses, a decrease in interest income and higher interest expense.