November 6, 2019 / 12:15 PM / 9 days ago

Barrick Gold quarterly profit soars on higher gold output, prices

Nov 6 (Reuters) - Barrick Gold Corp’s quarterly adjusted profit nearly tripled on Wednesday, as the world’s second-largest gold producer benefited from higher gold output and prices.

Adjusted profit rose to $264 million, or 15 cents per share, in the third quarter ended Sept. 30, from $89 million, or 8 cents per share, a year earlier.

Gold production rose to 1.31 million ounces from 1.15 million ounces. (Reporting by Arundhati Sarkar in Bengaluru; Editing by Shinjini Ganguli)

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