Barrick Gold Beats on Q1 EPS; Revises FY 2013 Guidance; Shares Up 3% in Pre-Market
Barrick Gold Corporation ( ABX ) reported first quarter 2013 adjusted earnings per share of $0.92, better than consensus estimate of $0.91. Revenues for the quarter came in at $3.4 million versus consensus estimate of $3.56 billion. Year-ago adjusted earnings per share was $1.10, with revenues of $3.64 billion.
For 2013, the company expects total capex to be $5.2 billion to $5.7 billion. It expects production to be between 7 million to 7.4 million ounces.
ABX was up more than 3% to $18.19 pre bell.