Barrick Mining beat profit expectations for the second quarter and raised its dividend by 50% on Monday, as record-high gold prices helped offset lower production and a $1.04 billion charge from losing control of its Loulo-Gounkoto mine in Mali.

Barrick Mining Corp. reported its second-quarter profit rose compared with a year ago, helped by a higher price for gold.

Barrick Mining beats profit estimates, Q2 gold production 5% higher than Q1