|Bid||27.52 x 0|
|Ask||27.53 x 0|
|Day's Range||27.46 - 28.18|
|52 Week Range||15.72 - 28.18|
|Beta (5Y Monthly)||0.08|
|PE Ratio (TTM)||12.20|
|Forward Dividend & Yield||0.37 (1.34%)|
|Ex-Dividend Date||Feb. 26, 2020|
|1y Target Est||N/A|
TORONTO, Feb. 20, 2020 -- Barrick Gold Corporation’s attention has been drawn to media reports to the effect that the Congolese parastatal Société Minière de Kilo-Moto SA.
Teranga Gold Corporation (“Teranga” or the “Company”) (TSX:TGZ; OTCQX:TGCDF) today announced that Barrick Gold Corporation (“Barrick”) (TSX:ABX; NYSE:GOLD) and Teranga have obtained certain key approvals from the Government of Senegal in order to proceed to close the previously announced acquisition of a 90% interest in the Massawa Gold Project (“Massawa”) from a wholly-owned subsidiary of Barrick and its joint venture partner, Compagnie Sénégalaise de Transports Transatlantiques Afrique de l’Ouest SA, with the Government of Senegal holding the remaining 10% interest in Massawa (the “Transaction”).
All amounts expressed in U.S. dollars unless otherwise indicated(Unaudited) TORONTO, Feb. 12, 2020 -- Barrick Gold Corporation’s gold production for 2019 of 5,465,000 ounces.
Barrick’s annual reserve and resource declaration, published today as part of its fourth quarter 2019 results, shows an attributable gold mineral reserve increase of approximately 14.5% in ounces at a 7.7% higher grade after depletion from mining, reflecting a busy year which included the incorporation of Randgold Resources, the formation of the Nevada Gold Mines joint venture with Newmont and the disposal of KCGM. Attributable reserves now stand at 1,300 million tonnes at 1.68 g/t for 71 million ounces of gold.1 This has been achieved through reserve additions greater than mining depletion at a number of the principal assets including Kibali, Loulo-Gounkoto, Veladero, Porgera, Goldstrike underground mine, the Leeville/Portal underground mines, Mega Pit, Turquoise Ridge underground mine and Phoenix.
Senior executive vice-president and chief financial officer Graham Shuttleworth said this was the third dividend increase this year and reflected the excellent performance for the year and Barrick’s profitability and financial strength. “The board believes the dividend increase is justified by the significant reduction in net debt and strong balance sheet, together with the growth in free cash flow supported by a robust 5-year plan which we have shared with the market,” said Shuttleworth.
Barrick Gold Corporation’s Loulo-Gounkoto complex has again demonstrated its mettle, exceeding its 2019 guidance with production of 714,802 ounces of gold1. Barrick’s president and chief executive Mark Bristow told a briefing for local media that the complex continued to perform consistently to plan and was still managing to replace depleted reserves through successful brownfields exploration and resource conversion. “With the development of the complex’s third underground mine scheduled to start in the fourth quarter of this year, and an intensive exploration program in the Kenieba region, Loulo-Gounkoto has significant growth potential and is well-placed to meet all the targets of its 10-year plan,” he said.
Barrick Gold Corporation’s Kibali mine beat its 2019 production guidance of 750,000 ounces of gold by a substantial margin, delivering 814,027 ounces in another record year1. Barrick president and chief executive Mark Bristow told a media briefing here that Kibali’s continuing stellar performance was a demonstration of how a modern, Tier One gold mine could be developed and operated successfully in what is one of the world’s most remote and infrastructurally under-endowed regions. Already one of the world’s most highly automated underground gold mines, Kibali continues its technological advance with the introduction of truck and drill training simulators and the integration of systems for personnel safety tracking and ventilation demand control.
Barrick Gold Corporation (GOLD) (ABX.TO) says it has made significant progress in reshaping the Tanzanian operations it consolidated through the take-over of Acacia Mining in September last year in order to create a sustainable business capable of long-term value creation for its stakeholders. At a signing ceremony with the President of the United Republic of Tanzania, Dr John Pombe Magufuli, to formalize the establishment of a joint venture between Barrick and the government, Bristow said the joint venture, which will give the government full visibility of and participation in operating decisions made for and by the North Mara, Bulyanhulu and Buzwagi mines, was a pioneering move which would take Barrick’s policy of partnership with its host countries to a new level.
The average market price for gold in the fourth quarter was $1,481 per ounce, while the average market price for copper in the fourth quarter was $2.67 per pound. Preliminary fourth quarter gold sales and production were higher than third quarter levels as a result of a strong fourth quarter performance from Nevada Gold Mines, in particular at Turquoise Ridge, as well as Pueblo Viejo and Veladero.
TORONTO, Jan. 09, 2020 -- Barrick will release its fourth quarter and year end results to end December 2019 on Wednesday, February 12, 2020. President and CEO Mark Bristow.
Barrick Gold Corporation (GOLD)(ABX.TO) today announced that the Pueblo Viejo power plant is expected to receive its first natural gas in Q1 2020 in a move that will lower greenhouse gas emissions and cut costs, in line with the Group’s clean and efficient energy strategy. Pueblo Viejo entered into a 10-year supply agreement with AES Andrés DR, SA in May 2018 for the provision of natural gas and the construction of a gas pipeline from the AES gas terminal to the Quisqueya I power plant for the mine.
Barrick Gold Corporation (GOLD)(ABX.TO) today announced that it and its Senegalese joint venture partner have reached agreement to sell their aggregate 90% interest in the Massawa project in Senegal to Teranga Gold Corporation (“Teranga”) for total consideration of up to $430 million. The consideration consists of an up-front payment of $380 million, comprised of 20,718,273 Teranga common shares with a value of $3.85 per share and an aggregate value of approximately $80 million (based on the same price per Teranga subscription receipt under the concurrent equity offering announced by Teranga), and a cash payment of approximately $300 million, plus a contingent payment of up to $50 million which is based upon the average gold price for the three year period immediately following closing (“three year average gold price”).
All amounts expressed in U.S. dollars TORONTO, Nov. 28, 2019 -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) ("Barrick" or the "Company") today announced it has completed the.
Barrick Gold Corporation (GOLD)(ABX.TO) today announced it has reached an agreement to sell its 50 percent interest in Kalgoorlie Consolidated Gold Mines ("KCGM") in Western Australia to Saracen Mineral Holdings Limited (“Saracen”) for a total consideration of $750 million in cash. While this iconic gold mine has been a valuable contributor to Barrick over the years, the asset does not fit with our strategy of operating mines that we own.
All amounts expressed in US dollars unless otherwise indicated. LONDON, Nov. 06, 2019 -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today posted its third strong quarter in.
All amounts expressed in US dollars LONDON, Nov. 06, 2019 -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced that its Board of Directors has declared a dividend.
Operations at Hemlo are being modernized and refocused to secure the gold mine’s continued viability, Barrick Gold Corporation (GOLD) (ABX.TO) announced today. Several programs have been introduced to improve its performance and the next step will be to phase out the open pit operation and move to an underground contract mining model. The objective is to upgrade Hemlo to a Barrick Tier 2 asset and extend its Life of Mine well into the future.
TSX: "ABX") as joint venture partner and a second major gold producer, Resolute Mining Limited (ASX/LSE: "RSG"), as a 27% shareholder, is pleased to announce the appointment of Peter Cowley as President of the Company and Minecon Resources and Services Limited as geological consultants. Mr. Cowley is a geologist with over 40 years’ experience in the minerals industry and a history of major exploration successes in Africa, including the DRC.
The successful two-decade partnership between the government of Mali and Randgold (now Barrick Gold Corporation (GOLD)(ABX.TO)) has made the gold mining industry one of the key drivers of the country’s economy, Barrick president and chief executive Mark Bristow said here today. Briefing local media on the Loulo-Gounkoto complex’s current performance, Bristow said Barrick was committed to further investment in Mali.
The underground operation at Kibali Gold Mine set new mining and shaft production records in the third quarter to keep the Barrick Tier 1 gold mine on track to meet or beat its guidance of 750,000 ounces for the year1. Briefing local media here today, Barrick president and chief executive Mark Bristow said Kibali – already a world leader in automation – was taking this to the next level with the commissioning of a Newtrax system which would provide real-time data collection, enhance predictive maintenance, track and manage the fleet, and implement a digital safety system with personnel tracking. The success of this policy is evident in Kibali’s consistently excellent performance and shows what can be achieved with a world-class asset in a remote and under-developed region of Africa,” Bristow said.
The government of Tanzania (“GoT”) and Barrick Gold Corporation (GOLD)(ABX.TO) (“Barrick” or the “Company”) have reached an agreement to settle all disputes between the GoT and the mining companies formerly operated by Acacia but now managed by Barrick. The final agreements have been submitted to the Tanzanian Attorney General for review and legalization. In conjunction with the finalization of the agreement, a new operating company called Twiga Minerals Corporation (“Twiga”) has been formed to manage the Bulyanhulu, North Mara and Buzwagi mines. (Twiga is the Swahili word for giraffe, Tanzania’s national symbol.) The GoT will acquire a free carried shareholding of 16% in each of the mines and will receive its half of the economic benefits from taxes, royalties, clearing fees and participation in all cash distributions made by the mines and Twiga. An annual true-up mechanism will ensure the maintenance of the 50/50 split.
Barrick Gold Corporation (GOLD)(ABX.TO) (“Barrick” or the “Company”) said today its full-year production was continuing to trend towards the upper end of the 5.1 to 5.6 million ounce guidance range while costs were likely to be at the lower end of the forecast. Commenting on the group’s preliminary production results for the third quarter, president and chief executive Mark Bristow said another strong performance across the portfolio reflected the progress management had made in rebuilding a new, value-focused Barrick since the merger with Randgold at the beginning of the year. The third quarter results, which include the impact of the Nevada Gold Mines joint venture established on 1 July, show preliminary third quarter sales of 1.32 million ounces of gold and 64 million pounds of copper, as well as preliminary third quarter production of 1.31 million ounces of gold and 111 million pounds of copper. The average market price for gold in the third quarter was $1,472 per ounce, while the average market price for copper in the third quarter was $2.63 per pound.
TORONTO, Oct. 10, 2019 -- Barrick will release its third quarter results to end September 2019 on Wednesday, November 6, 2019. President and CEO Mark Bristow will host a live.
THUNDER BAY, ON, Sept. 27, 2019 /CNW/ - Premier Gold Mines Limited (TSX:PG.TO - News) (OTCPK:PIRGF - News) ("Premier", "the Company") is pleased to announce that processing of ore has commenced from the El Nino Mine at the Company's 40%-owned South Arturo Mine. South Arturo is located in the Carlin Trend, Nevada and is a joint venture between Premier and Nevada Gold Mines ("Nevada Gold"), a joint venture company owned by Barrick Gold Inc. (TSX:ABX.TO - News) and Newmont-Goldcorp (NYSE:NEM - News) with Barrick Gold Inc as operator. The El Nino mine was developed on-time and on-budget, with ore now being processed ahead of schedule. Gold production is expected to ramp up in H2-2019, with a first gold bar pour having been held on September 26, 2019 (see figure 2).
The new Nevada Gold Mines complex is hosting a group of analysts for their first site visit since the formation of the Barrick / Newmont Goldcorp joint venture at the beginning of July. The complex represents the single largest gold producing operation in the world and includes three Tier 1 mines. In an announcement earlier this week, Barrick reported a new discovery hole4 about 2 kilometers from the best ever drilling intercept at its Fourmile project in Nevada and said this pointed to the potential for at least one more Tier 1 gold mine through the combination of Fourmile with the nearby Goldrush development project. Fourmile was not included in the recent combination of Nevada assets but the company has the right to bring it into the joint venture for fair market value provided certain agreed investment criteria are met.