Global Wrap: Barrick, First Quantum and more

IN Global Wrap this week: Barrick results underwhelm; First Quantum to expand; Acacia sinks to loss; Rio invests in alumina; and gold players continue to put money into juniors.

Global Wrap: Barrick, First Quantum and more Global Wrap: Barrick, First Quantum and more Global Wrap: Barrick, First Quantum and more Global Wrap: Barrick, First Quantum and more Global Wrap: Barrick, First Quantum and more

Barrick Gold this week reported full-year adjusted net earnings of US$876 million, in line with $818 million for 2016.

Barrick registered a loss of $314 million in the December quarter because of the suspension of Bulyanhulu in Tanzania and the Pascua-Lama regulatory standoff.

Net cashflow from operating activities and revenue was lower, while free cashflow of $669 million nearly halved.

Gold production was 5.32 million ounces at all-in sustaining costs of $750 per ounce, and is expected to fall to 4.5-5Moz at AISC of $765-815/oz this year.

Based on Barrickā€™s current portfolio, it expects average annual gold production to be between 4.2-4.6Moz at AISC of $750-$875/...