Another senior producer has reported first-quarter results that are way above those from the first quarter of '09. Barrick, which closed its hedge book when gold made a record high, has reported 1Q '10 EPS of 76 cents per share. Excluding items, it was 75 cents. Analysts were expecting 63 cents. In 1Q '09, it was 42 cents.
That makes for another senior gold stock that's beaten expectations. As yet, the general market doesn't seem to recognize the shft in the tide, althouhg Barrick was up substantially on the news.