NKOMBO KACHEMBA
Lusaka
BARRICK Gold Corporation delivered a strong performance in quarter four of 2024, increasing gold production by 15 percent and copper production by 33 percent over quarter three to meet its annual guidance for the year.
Additionally, gold cost of sales and total cash costs for the quarter were reduced by three percent and five percent respectively.
The results released last week indicate that the mine reported a 69 percent increase in net earnings to US$2.14 billion, a 51 percent increase in adjusted net earnings to US$2.21 billion, and a 30 percent rise in attributable EBITDA (earnings before interest, taxes, depreciation and amortisation) to US$5.19 billion for 2024 — the highest in over a decade.
Year-on-year operating cash flow increased by 20 percent to US$4.49 billion, and free cash flow more than doubled to US$1.32 billion, driven by stronger earnings.
A quarterly dividend of US$0.10 per share was maintained, bringing the total annual dividend paid to shareholders to US$696 million, and a further US$498 million was returned in buying back shares…https://enews.daily-mail.co.zm/welcome/home
