Barrick Gold rises after reporting uptick in Q2 production
** Shares of Canadian gold miner Barrick Gold ABX.TO up 1.2% at C$25.43 in early trade
** Co reports preliminary Q2 gold output up by ~0.9% q-o-q, with copper production rising 7.5%
** ABX scheduled toreport Q2 results on Aug. 12
** Scotiabank analysts see output and sale in-line with forecast, seeing the results as neutral for shares
** However, National Bank of Canada Financial Markets Research see the output missing their estimates due to weaker production at its Cortez and Phoenix mines
** Also aiding ABX was higher bullion prices; spot gold XAU= up 0.4% at $2,444.3 per ounce, as comments from Federal Reserve Chair Jerome Powell bolstered the case for a September rate cut GOL/
** Including the session's gains, stock is up ~6% YTD
Reporting by Seher Dareen and Sourasis Bose in Bengaluru
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