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BRIEF-Barrick Reports 2018 Full Year And Fourth Quarter Results

Published 2019-02-13, 07:05 a/m
© Reuters.  BRIEF-Barrick Reports 2018 Full Year And Fourth Quarter Results
GOLD
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Feb 13 (Reuters) - Barrick Gold Corp ABX.TO :

* BARRICK REPORTS 2018 FULL YEAR AND FOURTH QUARTER RESULTS

* Q4 ADJUSTED EARNINGS PER SHARE $0.06

* Q4 REVENUE $1.9 BILLION

* Q4 LOSS PER SHARE $1.02

* Q4 EARNINGS PER SHARE VIEW $0.05, REVENUE VIEW $1.93 BILLION -- REFINITIV IBES DATA

* Q4 GOLD PRODUCTION WAS 1.26 MILLION OUNCES, AT A COST OF SALES OF $980 PER OUNCE

* Q4 COPPER PRODUCTION WAS 109 MILLION POUNDS, AT A COST OF SALES OF $2.85 PER POUND

* AS ANTICIPATED, QTRLY COPPER PRODUCTION IMPROVED PROGRESSIVELY OVER THIRD AND FOURTH QUARTERS

* BARRICK GOLD - EXPECT TO INCUR ABOUT $160 TO $170 MILLION OF EXPLORATION & EVALUATION EXPENDITURES IN 2019 WITH ABOUT 80 PERCENT ALLOCATED TO AMERICAS

* CONSTRUCTION OF THIRD SHAFT AT TURQUOISE RIDGE EXPECTED TO INCREASE ANNUAL PRODUCTION TO MORE THAN 500,000 OUNCES PER YEAR

* BARRICK GOLD - CONSTRUCTION OF THIRD SHAFT AT TURQUOISE RIDGE CONTINUES TO ADVANCE PER SCHEDULE, WITHIN BUDGET

* EFFORTS IN 2019 FOCUSED ON EARTHWORKS AND SHAFT SINKING AT TURQUOISE RIDGE

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