(Toronto) Barrick Gold said its second-quarter profit rose from a year earlier, helped by higher gold and copper prices.
The miner, which keeps its accounts in U.S. dollars, said it earned $370 million, or 21 cents per share, for the quarter ended June 30, up from $305 million, or 17 cents per share, a year earlier.
Revenue totaled US$3.16 billion, up from US$2.83 billion in the same quarter last year.
The Toronto-based company sold gold for the quarter at US$2,344 per ounce, up from US$1,972 a year ago, while copper was at US$4.53 per pound, up from US$3.70 in the same quarter last year.
Gold production totaled 948,000 ounces for the quarter, down from 1,009,000 ounces in the second quarter of 2023, while copper production was 43,000 tonnes, down from 48,000 tonnes.
On an adjusted basis, Barrick said it earned 32 cents per share in its latest quarter, up from adjusted earnings of 19 cents per share.