Barrick Gold Reports Q2 Earnings Beat

Barrick Gold Corporation GOLD reported second-quarterly earnings of 9 cents per share. This is a 28.57% increase over earnings of 7 cents per share from the same period last year.

In July, Barrick Gold announced it will acquire Acacia Mining plc ABGLF for $428 million. Since March 2017, the business and operations of Acacia have been materially affected by the ongoing disputes with the Government of Tanzania.

Barrick Gold is still negotiating with Tanzania to settle a dispute, which has seen Acacia banned from exporting gold and copper.

Barrick Gold shares were trading up 2.09% at $18.52 in Monday’s pre-market session. The stock has a 52-week high of $18.44 and a 52-week low of $9.53.

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Barrick Gold Will Acquire Tanzania-Based Acacia Mining For $428M

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