Barrick Gold Tops Estimates, Proposes Special Distribution

Shares of Barrick Gold  (GOLD) - Get Report were higher after the gold miner reported stronger-than-expected fourth quarter results and declared a special distribution to holders.

The Toronto company reported adjusted earnings of 35 cents a share, double the 17 cents of the year-earlier quarter. Revenue of $3.28 billion rose from $2.88 billion a year earlier. 

Analysts surveyed by FactSet were expecting adjusted earnings of 31 cents a share on revenue of $3.24 billion.