10:16 AM EST - Barrick Gold Corp. : has reported a first-quarter profit of US$514 million, up from a year-ago net loss of $159 million as surging gold prices offset lower production. Barrick said Tuesday it produced 1.7 million ounces in the January-March period, down from just over two million ounces a year earlier, but its realized price increased to US$925 an ounce from $386. Barrick Gold Corp.
shares T.ABX are trading up 59 cents at $40.00.
