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Barrick Mining reports rise is Q2 profits despite US$1-billion writedown on Mali mine

Barrick Mining reports rise is Q2 profits despite US$1-billion writedown on Mali mine

Toronto Star19 hours ago
TORONTO - Barrick Mining Corp. took a US$1.04-billion charge in its second quarter related to its loss of control of a gold mine in Mali, but still reported a rise in profit thanks to higher gold prices and an asset sale.
The Toronto-based mining company said Monday it earned US$811 million or 47 cents US per diluted share for the quarter ended June 30, up from US$370 million or 21 cents US per diluted share a year earlier.
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