Barrick Gold Corporation GOLD recorded net earnings (on a reported basis) of $996 million or 57 cents per share for fourth-quarter 2024. The figure improved from a profit of $479 million or 27 cents per share in the year-ago quarter.

Canada's Barrick Gold announced a new $1 billion share buyback program as higher gold prices helped the company beat analysts' estimates for fourth-quarter profit on Wednesday. Shares of the company rose 6.

Barrick Gold rallies to its highest since November after reporting better than expected Q4 adjusted earnings and announcing a new $1B stock buyback program, helped by surging gold prices.