Barrick Gold Reports Strong Q4 Earnings, Exceeding Expectations

TORONTO (AP) - Barrick Gold Corp. (GOLD) announced its fourth-quarter earnings on Wednesday, reporting $996 million. This translates to a profit of 57 cents per share, with adjusted earnings reaching 46 cents per share.

Analysts' estimates from Zacks Investment Research projected earnings of 41 cents per share, indicating Barrick Gold's performance surpassed market expectations. The gold and copper mining company generated $3.65 billion in revenue during the quarter.

For the full year, Barrick Gold reported a profit of $2.14 billion, or $1.22 per share. The company's annual revenue totaled $12.92 billion.