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GOLD-BARRICK GOLD CORP

Barrick Gold Reports Strong Q4 2024 Performance with $996 Million Net Earnings and Announces $1 Billion Share Buyback Program

Tuesday

25 February, 2025

Barrick Gold's Q4 2024 results showcase a remarkable net earnings surge to $996 million, driven by a 19.2% increase in sales. With a $1 billion share buyback program on the horizon, can Barrick navigate the challenges ahead while maintaining its impressive growth trajectory?

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Key Takeaways
  • Barrick Gold's production saw a 4% decline compared to the previous year, indicating possible operational challenges.
  • The company's dependence on high metal prices makes it vulnerable to market fluctuations.
  • Ongoing mining suspensions in Mali create additional uncertainty and financial risks.
  • Despite a 10% stock increase this year, caution is advised due to its current valuation.
  • The Zacks Rank of #3 suggests that Barrick may not be an ideal investment at present.
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