Last Updated :
28 October 2011 at 18:00 IST
Barrick Gold Q3 profit surge 45% on high gold prices
TORONTO (Commodity Online): Barrick Gold Corp (NYSE:ABX) reported an astounding 45% jump in net profits for Q3, 2011, primarily as gold prices hit new highs during the period. Barrick Gold Corp is the largest gold miner in the world.
Q3 net income stood at $1.37 billion against the $942 million in the same period last year. Revenue meanwhile jumped 44% to $4.01 billion from $2.79 billion in Q3, 2010.
Barrick Gold's huge profits is obviously due to higher gold prices. Gold prices have mostly traded above $1600 since August.
MCX SILVERMICRO 30 June 2012
contract was trading at
Rs 55960 , up Rs. 228 . What's your view on it?
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