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Barrick Gold Reports Negative Free Cash Flow in Q2 2018

Annie Gilroy
Barrick Gold Reports Negative Free Cash Flow in Q2 2018

Free cash flow (or FCF) generation helps a business’s long-term prospects and helps generate shareholder value. Barrick Gold (ABX) has a strategy of value over volume, which prioritizes profitable production. The company defines value creation for shareholders in terms of FCF per share. Barrick Gold (ABX) generated FCF of -$172.0 million in the second quarter, which broke its streak of 12 consecutive quarters of positive FCF.