3 Things to Watch When Barrick Gold Reports Q3 Earnings
An industry leader in gold mining, Barrick Gold (NYSE: ABX) is expected to report its third-quarter earnings on Oct. 25. Interested as investors may be in the details, digging through a miner's earnings report can be overwhelming; it's easy to feel buried under the abundance of facts and figures. To make things a little easier, here are three things investors should focus on that we expect management to address.
After producing 2.74 million ounces of gold in the past two quarters, Barrick is on target to hits its fiscal 2017 goal range of between 5.3 million ounces and 5.6 million ounces. Investors familiar with Barrick may recognize that this forecast is lower than the initial guidance -- from early 2017 -- of 5.6 million to 5.9 million gold ounces, but they need not worry that the revision stems from compromised operations. Instead, the updated figure reflects the sale of a 50% stake in its Veladero mine in Argentina.
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Source: Fool.com
