Barrick Gold 3Q Profit Nearly Triples and Newmont Mining 3Q Profit Rises.

0 Comments | M2 Presswire, November, 2006

M2 PRESSWIRE-3 November 2006-U.S. Equity News: Barrick Gold 3Q Profit Nearly Triples and Newmont Mining 3Q Profit Rises(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:03112006 City of Industry, CA - Gold industry alert provided by U.S. Equity News. Barrick Gold Corp. (NYSE:ABX), the world's largest gold producer, said Thursday its third-quarter profit nearly tripled and that it would boost its stake in Highland Gold Mining Ltd.

Toronto-based company earned $40 million or 46 cents a share for the quarter ended Sept. 30, up from $113 million, or 21 cents per share, a year ago. Operating cash flow was a record $805 million, up from $232 million. NovaGold Resources Inc. (AMEX:NG) recently announced that the United States District Court for the District of Alaska has...