Barrick-Randgold merger grows!
Group gold production up by 8% Net earnings per share increased by 83% Barrick Gold Corporation’s first quarterly results since its merger with Randgold Resources Limited (Randgold) show solid results across the board from the new group, which also reported rapid progress with the integration of the two businesses as well as with the implementation of key strategic initiatives. While quarter on quarter comparisons are skewed by the merger, group gold production was up 8% in line with guidance, net cash from the operations rose by 27%, net earnings per share increased by 106% to $0.06, adjusted net earnings per share1 increased by 83% to $0.11, and debt, net of cash was down 12% to $3.65 billion. A dividend of $0.04 per share was declared in respect of the first quarter of 2019. Key Performance Indicators are, 1: Integration and strategic initiatives on track across the group following Barrick-Randgold merger, 2: Nevada Joint Venture agreement signed and implement