|Bid||12.280 x 0|
|Ask||12.300 x 0|
|Day's Range||12.080 - 12.680|
|52 Week Range||3.050 - 16.240|
|Beta (5Y Monthly)||1.42|
|PE Ratio (TTM)||61.15|
|Forward Dividend & Yield||0.11 (0.89%)|
|Ex-Dividend Date||Jun. 16, 2020|
|1y Target Est||3.64|
A signing ceremony is set for Friday on a deal to re-open the Porgera gold mine in Papua New Guinea, a spokesman for the joint venture between Barrick Gold Corp and China's Zijin Mining told Reuters. "A signing ceremony is currently scheduled for 3 p.m. (Papua New Guinea)," a spokesman for Barrick Niugini Ltd (BNL) told Reuters in an email.
A standoff over a remote gold mine in Papua New Guinea threatens Barrick Gold Corp Chief Executive Mark Bristow's streak of resolving thorny disputes with host governments, in the first major test he has faced outside his home patch of Africa. Barrick, the world's second-largest gold producer, lost a key court challenge last week over rights to the Porgera gold mine. PNG Prime Minister James Marape in April refused to extend Barrick's lease for the requested 20 years and instead gave the lease to a state-owned mining company Kumul Minerals Holdings Ltd.
Papua New Guinea's Kumul Minerals Holdings Ltd is open to talks with Canada's Barrick Gold and its joint venture partner to restart production at a highlands gold mine, the state-owned miner's chairman said, according to a report on Wednesday. The overture follows this week's dismissal by Papua New Guinea's National Court of Barrick's request for a review of the government's earlier refusal to extend Barrick's lease at the remote Porgera mine. Barrick has said it would appeal the ruling while challenging an apparent move by PNG Prime Minister James Marape to grant a new lease to Kumul Minerals.