Barrick Gold Corporation (USA) (NYSE:ABX)
About Barrick Gold Corporation Barrick Gold Corporation (Barrick) is engaged the production and sale of gold, as well as related activities, such as exploration and mine development. Barrick also produces copper, and hold interests in oil and gas properties located in Canada. Its producing mines are concentrated in four regional business units: North America, South America, Africa and Australia Pacific. In addition, it has a Capital Projects segment, distinct from its regional business units, to focus on managing projects. On September 17, 2009, the Company completed the acquisition of 50%interest in the Valhalla oil and gas field.
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Financials Barrick Gold Corporation (USA) (NYSE:ABX) produced total revenue of $2.77 billion which is noticeably less than last quarter’s revenue of $5.20 billion. Moreover, operating and net income both have decreased considerably which led to decreasein diluted EPSwhich is not a good sign for the investors.
The company’s cash flow from operations stood at $3.34 billion which is greater than last quarter’s ended cash flow of $2.07 billion. Increased CFOshows that company has generated more cash than its expenses.
According to present quarter’s ending financials as on September 30th, 2010, Company’s total assets mount up to $32.28 billion. Return on equity and return on assets both are decreasing. Total liabilities and total equity stand at $15.54billion and $17.74billion respectively.
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Barrick Gold Corporation (USA) (NYSE:ABX) About Barrick Gold Corporation The company’s cash flow from operations stood at $3.34 billion whic...