Barrick Gold: Q1 Earnings Snapshot
TORONTO (AP) — TORONTO (AP) — Barrick Gold Corp. (GOLD) on Wednesday reported first-quarter net income of $474 million.
The Toronto-based company said it had profit of 27 cents per share. Earnings, adjusted for non-recurring costs, came to 35 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.
The gold and copper mining company posted revenue of $3.13 billion in the period.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
15 minutes ago
- Yahoo
11 Colorado companies named among top workplaces in nation: US News
DENVER (KDVR) — Some Colorado companies are considered to have the best workplaces in the United States, based on a new report. U.S. News & World Report releases an annual list of the best companies to work for, and this year, 11 Colorado-based companies made the list. The list is created from metrics on how well companies support their employees, including quality of pay and benefits, work-life balance, professional development and physical and psychological comfort. Colorado's seasonal produce won't be in stores for weeks Out of the almost 500 companies on the 2025-2026 list of best companies to work for, several are headquartered in Colorado. U.S. News & World Report named these Colorado-based companies as some of the best in the U.S.: Company Industry Location Aimco Real estate and facilities management Denver CSG Information technology Englewood DHI Group, Inc. Consulting and human resources Centennial Gogo Media and communications Broomfield Leprino Foods Consumer products Denver Liberty Broadband Media and communications Englewood Liberty Energy Inc Energy and resources Denver National Bank Finance and insurance Greenwood Village Sage Hospitality Hospitality and entertainment Denver UMB Finance and insurance Denver Zynex Medical Health care and research Englewood While several Colorado companies are listed, these aren't the only companies in Colorado considered to have some of the best workplaces. Denver among best, while other metro city among worst places to raise a family: Study Forbes released a list earlier this year naming the best employers in America, including Colorado companies like Children's Hospital Colorado, University of Colorado Denver | Anschutz Medical Campus and Colorado State University-Fort Collins. Meanwhile, Fortune released a list of the best companies to work for this year as well, naming PCL Construction as one of the top 100 places to work in the country. To see how each company ranked in factors like quality of pay, work-life balance, stability, comfort and professional development, the full report can be found on U.S. News & World Report. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Los Angeles Times
17 minutes ago
- Los Angeles Times
Home Depot caught in the crosshairs of L.A. immigrations raids
America's best-known hardware store chain, Home Depot, has found itself at the center of the federal immigration raids in Los Angeles, and the subsequent protests. On Friday, a Home Depot in the Westlake neighborhood was among several locations hit by federal agents, who also raided Ambiance Apparel in the garment district in downtown L.A. as part of a crackdown that led to the arrests of dozens of people. The arrests outside Home Depot targeted day laborers hired by the chain's customers, including homeowners and contractors who rely on undocumented workers for home repair and construction jobs. Day laborers have been crucial to rebuilding efforts after Los Angeles County's devastating January firestorms. On Saturday, a Home Depot in the predominantly Latino suburb of Paramount, which is south of Los Angeles, also became the site of clashes between protesters and authorities. After a weekend of protests, officials also carried out raids at Home Depot locations in Whittier and Huntington Park on Monday morning, and reports of additional raids at other Southern California Home Depot locations spread across social media. A spokesperson for Home Depot confirmed Monday that the company had not been notified of any of the raids at its locations ahead of time and that the company was not involved in any of the operations. The Atlanta-based chain now faces a difficult situation, with its locations serving as a frequent site of raids, potentially turning away customers. Home Depot shares closed at $36.20, down 0.6%, on Monday. The company reported revenue of nearly $40 billion in its fiscal first quarter this year, up 9% from a year earlier. Net earnings for the quarter were $3.4 billion, down from $3.6 billion during the same period last year. It's not the first time the company has made headlines as the subject of controversy. Home Depot's co-founder Bernie Marcus donated at least $14 million to support Donald Trump's first presidency and pledged to support his reelection bid. Marcus, who died in 2024, had a reputation as a Republican megadonor. Protesters called for a boycott of the company in 2019 over his donations. The chain has tried to distance itself from its founder, stressing that he left the company in 2002 and that his donations and statements were not on behalf of Home Depot. Home Depot locations have been for decades convenient spots for contractors and those embarking on home improvement projects to hire skilled laborers. The construction industry in Southern California depends heavily on immigrants and day laborers, a reliance that has been highlighted by recent fire recovery efforts in the region. Jorge Nicolás, a senior organizer at a day labor center run by the Central American Resource Center, or CARECEN, said day laborers often take on undesirable jobs or jobs with tough conditions, making them crucial to many construction jobs. 'The majority of immigrant workers usually are used to help developers control construction costs and stay within the timelines that they have projected,' he said. 'Those are the extra hands that are needed.' Nicolás was in Westlake on Friday when immigration officials carried out a sweep outside of the Home Depot there. CARECEN's day labor center is just minutes away from the store. He described the scene as chaotic, and even workers who he knows have legal status were fleeing in fear, he said. 'We felt powerless,' Nicolás said. 'They're not arresting motorcycle gang members. They're not arresting international drug dealers. They're arresting grandpas. They're just arresting people that are very humble and looking for an opportunity, just trying to get a decent living.' By Monday afternoon, the parking lot of the Home Depot in Huntington Park was busy, with nearly 100 cars and pickup trucks filling the lot. There were few signs that a raid had taken place just hours earlier, but Bradley Cortez and his friends stood in the lot, keeping their eyes peeled. They came shortly after they got word of the raid, but Cortez said they were too late. He drove from Bellflower, roughly 10 miles south of Huntington Park, in hopes of helping the 'hardworking men' who were being targeted by immigration officials. 'I'll put my life at risk because I've I got papers. I was born here, so if I'm able to help somebody, of course I'll help them,' said the 23-year-old, who works in construction and frequents Home Depot locations himself to find jobs. 'It is a little scary being out here, but that's what is being brave about,' he said. 'Being brave is when you're scared. And I'm being brave for my people.' Times staff writer Ruben Vives contributed to this report.
Associated Press
17 minutes ago
- Associated Press
South Carolina senator sues his own legislature over $18,000-a-year pay raise
COLUMBIA, S.C. (AP) — A state senator is suing his fellow lawmakers in the South Carolina General Assembly saying they are illegally giving themselves what is effectively an $18,000-a-year raise for all members. The increase in the 'in-district compensation' — money set aside for legislative duties that has few limits on how it can be spent — is set to go from $1,000 a month to $2,500 a month for all 46 senators and 124 House members starting July 1. But Republican Sen. Wes Climer's lawsuit said the raise violates the state constitution, which bans the legislature from increasing their per diem during their term. House members would get 18 months of the extra money and senators would get more than three years of payments before facing reelection. His lawsuit compared it to asking a judge to preside over his own trial or a police officer to investigate himself. The legal question will likely hinge on whether the extra money is considered part of a per diem for lawmakers and meant to pay their daily expenses or if it is personal income that is taxable. Lawyers for the House and Senate have not answered the lawsuit. The raise was proposed by Republican Sen. Shane Martin late in the budget process in a proviso, which is a one-year order on how to spend money. The monthly stipend hadn't changed in about 30 years, and Martin said the increase was needed to offset inflation. Climer said Monday he and other opponents of the increase think it should have passed as a stand-alone bill with hearings and a full debate. 'Regardless of how you feel about a legislative pay raise, this is the wrong way to do it. It violates the Madisonian principles that the legislature cannot take the people's money and appropriate it to themselves in real time,' Climer said. Hours after receiving word of the lawsuit, the state Supreme Court ordered both sides to submit briefs before the end of the month in what appears to be an effort to make some kind of decision before the raises start when the fiscal year begins July 1. Otherwise 'we'd have to try to claw back money from legislators. And we don't want that,' said former Democratic state Sen. Dick Harpootlian, an attorney who filed the lawsuit on Climer's behalf. Along with the in-district compensation, lawmakers also get a salary of $10,400 a year that has not changed since 1990. In addition, they get money for meals, mileage to drive to Columbia and hotel rooms while in session. Legislators are considered part-time because South Carolina's General Assembly meets three days a week from January to May. The House sent an email to its 124 members giving them a chance to refuse the extra in-district compensation, and 34 declined the money, House Clerk Charles Reid said in an email. Senators could ask their clerk directly not to pay them, and Climer and two other Republicans have refused the raise, Senate Clerk Jeffrey Gossett said. Joining Climer in the lawsuit is retired educator and Republican activist Carol Herring. She said the raise going into effect immediately is counterproductive to being a good servant. 'I am concerned we are sending people to Columbia to serve in the General Assembly, and somehow it is seen more as a job than part-time service to our state,' Herring said.
