|Bid||18.20 x 0|
|Ask||18.31 x 0|
|Day's Range||18.23 - 18.76|
|52 Week Range||12.54 - 19.49|
|Beta (3Y Monthly)||-0.49|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 12, 2019 - Feb 18, 2019|
|Forward Dividend & Yield||0.16 (0.88%)|
|1y Target Est||13.83|
LONDON—The U.K.’s Serious Fraud Office is investigating Acacia Mining, an Africa-focused miner that is majority owned by gold giant Barrick Gold Corp., over allegations of corruption in Tanzania, according to people familiar with the matter. The interest of British law enforcement in Acacia marks a heightening of scrutiny over the company—and another headache for Canada’s Barrick, the world’s largest gold producer by output. The British investigations into Acacia focus around accusations that employees of the company, which was called African Barrick until 2014, bribed Tanzanian government officials and consultants, according to the people familiar with the matter.
Barrick Gold Corporation (ABX)(ABX.TO) (“Barrick”) announced today that it has agreed to exercise its participation right in connection with a private placement offering by Reunion Gold Corporation (RGD.V) (“Reunion”). Barrick has agreed to acquire up to an additional 12,600,000 common shares of Reunion at a price of $0.18 per share. The aggregate consideration to be paid by Barrick in the offering is $2,268,000.
Executives from the Toronto-based producer and Randgold Resources Ltd., which is being bought by Barrick, met with Tanzanian negotiators on Dec. 7, said the people, who declined to be identified as the talks are private. During that meeting, the two sides made significant progress on a deal that includes Acacia Mining Plc paying $300 million in installments. The terms are now being handed off to a tax working group in Tanzania for review, the people said.
Government officials met last week with executives from Toronto-based Barrick and Randgold Resources Ltd, which Barrick is acquiring, to discuss the issue, said the source, who declined to be identified due to the sensitivity of the talks. Acacia Mining, 63.9 percent owned by Barrick, is operating under a raw mineral export ban and faces a $190 billion tax bill from the Tanzania government. "The next week is crucial." Bloomberg reported on Wednesday that Barrick had reached an agreement with the government on a $300 million payment, which Acacia will make in installments, with terms under review by a Tanzanian tax working group.
JOHANNESBURG/TORONTO (Reuters) - Barrick Gold Corp has made progress in talks with the Tanzanian government to resolve a nearly 2-year-long tax dispute, but it is premature to say a deal has been reached, a person familiar in the matter told Reuters on Wednesday. Government officials met last week with executives from Toronto-based Barrick and Randgold Resources Ltd, which Barrick is acquiring, to discuss the issue, said the source, who declined to be identified due to the sensitivity of the talks. Acacia Mining, 63.9 percent owned by Barrick, is operating under a raw mineral export ban and faces a $190 billion tax bill from the Tanzania government.
Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) and Kinross Gold Corporation (TSX:K)(NYSE:KGC) could be the two gold stocks that'll brighten your 2019 portfolio.
A look at the shareholders of Barrick Gold Corporation (TSE:ABX) can tell us which group is most powerful. Insiders often own a large chunk of younger, smaller, companies while huge Read More...
Gold has done OK amid recent stock losses. The S&P; 500 lost 12% since its closing high Sept. 20, while iShares Gold Trust gained 3%.
Why Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) and Goldcorp Inc. (TSX:G)(NYSE:GG) should not be ignored by long-term investors, despite terrible results in recent years.
Barrick Gold (TSX:ABX) (NYSE:ABX) stands to generate significant free cash flow on an extended gold rally. Should you own the stock today?
Barrick Gold Corp., the world’s largest gold miner, is selling a research-and-development company it owns and is cutting staff hired to lead what executives had called a digital reinvention, championed by Executive Chairman John Thornton, people familiar with the matter said. The move comes shortly after the company agreed to buy Randgold Resources Ltd. for $6 billion in an all-share merger—a move that would solidify Barrick as the world’s largest gold producer by output. One of the first assets to go on the block is Barrick-owned AuTec Innovative Extractive Solutions Ltd., a Vancouver-based company that specializes in testing mineral samples and processing, people familiar with the matter said.
(Reuters) - Barrick Gold Corp will sell a research and development company it owns and reduce its technology staff, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The gold miner expects to close its Randgold Resources Ltd purchase Jan. 1, and incoming CEO Mark Bristow has said he plans to sell a variety of noncore core assets, cut costs and shrink head-office management to help delegate more authority to regional mining operations, according to the WSJ report. ...
Barrick Gold Corp will sell a research and development company it owns and reduce its technology staff, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The gold miner ...
Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) and others will benefit from positive gold price movements that are more likely as economic headwinds build.
MORRIS: That’s interesting. Well, now let’s move on to the companies. I’ve heard you say a number of times that you think the industry is in great shape, they’ve contained their cost. The companies are in great shape. Can you tell us a little bit more about your view of the companies’ position right now financially?
Is Gold Positioned for a Bullish Turn as We Enter 2019? FOSTER: We’re at the point in the cycle I think investors should think of some defensive measures. MORRIS: One other thing I wanted to talk to you about today, is that there’s been some recent merger activity, and I remember hearing that you’d actually looked at the recent developments as pretty positive overall, for the industry, and could be another positive catalyst for gold miners.
Which Gold Miners Have Shown Upside Potential since Q3? In this article, we’ll take a look at senior gold miners’ technical indicators. Moving averages help traders and investors make market entry or exit decisions.
Now that we’ve considered analysts’ revenue estimates for the senior gold miners under review (GDX) in this series, let’s take a look at analysts’ EBITDA estimates.
In the previous article, we looked at analysts’ ratings for senior gold mining companies. In this article, we’ll look at analysts’ estimates for those companies’ (GDX) (JNUG) revenues going forward.
Discussion of 3 very interesting mining options for long-term investors: Hudbay Minerals Inc. (TSX:HBM)(NYSE:HBM), Barrick Gold Corporation (TSX:ABX)(NYSE:ABX), and Goldcorp Inc. (TSX:G)(NYSE:GG).