- Revenue surges 22%, but attributable free cash flow falls 44%.
- Zambia’s copper expansion anchors future growth.
LUSAKA, ZAMBIA – Barrick Mining‘s gold-price windfall boosted third-quarter earnings, but falling free cash flow exposed the growing cost of sustaining production and developing new mines.
The Canadian mining giant reported a 22% increase in revenue to $5.07bn, while attributable free cash flow plunged 44% year-on-year to $642mn, despite record metal prices.
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