ABX.TO - Barrick Gold Corporation

Toronto - Toronto Delayed Price. Currency in CAD
15.74
0.00 (0.00%)
At close: 4:20PM EST
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Previous Close15.74
Open15.69
Bid15.62 x 0
Ask15.76 x 0
Day's Range15.46 - 15.86
52 Week Range12.54 - 18.99
Volume2,728,404
Avg. Volume5,472,136
Market Cap27.565B
Beta (3Y Monthly)-0.62
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.37 (2.36%)
Ex-Dividend Date2018-12-27
1y Target EstN/A
  • 3 Top TSX Index Stocks to Buy Now for Defensive Dividends
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  • Gold Fields Wants to Combine With Rival AngloGold
    Bloomberg2 days ago

    Gold Fields Wants to Combine With Rival AngloGold

    Gold Fields believes it would be the ideal combination as the two miners operate in similar jurisdictions and have a shared philosophy, said the person, who asked not to be identified because the information is private. The enlarged company could produce almost 6 million ounces of gold a year, closing the gap on Newmont Mining Corp. and Barrick Gold Corp., which have both announced mega deals. Gold Fields shares climbed as much as 7.7 percent and AngloGold rose as much as 3.5 percent in Johannesburg.

  • Barrick explores sale of Zambian copper mine as government looks to boost taxes
    The Canadian Press3 days ago

    Barrick explores sale of Zambian copper mine as government looks to boost taxes

    TORONTO — Barrick Gold Corp. says it's exploring all options including the possible sale of its Lumwana mine in Zambia as the government considers increased taxes. While acknowledging that the government is under pressure to increase revenue, company chief operating officer Willem Jacobs said the changes would hit the mine's profitability. "The proposed changes to taxes and royalties would imperil the mine’s ability to sustain returns to all stakeholders," he said in a statement Monday. Barrick said it continues to engage with Zambia about ways forward for the operation, including a potential partnership approach with an increased stake for the government in the mine's economic performance. Toronto-headquartered Barrick said reports that it has already sold the mine were untrue, but that all options need to be considered given the conditions the mine faces. First Quantum Minerals Ltd., which operates the Kansanshi and Sentinel copper mines in Zambia, said last September that it faces increased tax rates and reduced deductions that would add about 1.8 per cent to its all-in sustaining costs in the country. Barrick, which completed its takeover of Africa-focused Randgold Resources at the start of the year, said it plans to divest some assets as part of the deal. Lumwana produced 256 million pounds of copper in 2017 and had a carrying value of US$849 million that year. The company is also embroiled in a tax dispute with the government of Tanzania, which handed the company's Acacia Mining subsidiary with a US$190-billion tax bill in 2017. Barrick said later Monday that it produced 4.54 million ounces of gold last year to fall in the low end of its 4.5 million to five million ounce guidance. It also produced 383 million pounds of copper after a guidance of 345 million to 410 million pounds. Companies in this story: (TSX:ABX, TSX:FM) The Canadian Press

  • Barrick explores sale of Zambian copper mine as government looks to boost taxes
    The Canadian Press3 days ago

    Barrick explores sale of Zambian copper mine as government looks to boost taxes

    TORONTO — Barrick Gold Corp. says it's exploring all options including the possible sale of its Lumwana mine in Zambia as the government considers increased taxes. While acknowledging that the government is under pressure to increase revenue, company chief operating officer Willem Jacobs said the changes would hit the mine's profitability. "The proposed changes to taxes and royalties would imperil the mine’s ability to sustain returns to all stakeholders," he said in a statement Monday. Barrick said it continues to engage with Zambia about ways forward for the operation, including a potential partnership approach with an increased stake for the government in the mine's economic performance. Toronto-headquartered Barrick said reports that it has already sold the mine were untrue, but that all options need to be considered given the conditions the mine faces. First Quantum Minerals Ltd., which operates the Kansanshi and Sentinel copper mines in Zambia, said last September that it faces increased tax rates and reduced deductions that would add about 1.8 per cent to its all-in sustaining costs in the country. Barrick, which completed its takeover of Africa-focused Randgold Resources at the start of the year, said it plans to divest some assets as part of the deal. Lumwana produced 256 million pounds of copper in 2017 and had a carrying value of US$849 million that year. The company is also embroiled in a tax dispute with the government of Tanzania, which handed the company's Acacia Mining subsidiary with a US$190-billion tax bill in 2017. Barrick said later Monday that it produced 4.54 million ounces of gold last year to fall in the low end of its 4.5 million to five million ounce guidance. It also produced 383 million pounds of copper after a guidance of 345 million to 410 million pounds. Companies in this story: (TSX:ABX, TSX:FM) The Canadian Press

  • The Canadian Press3 days ago

    Most actively traded companies on the TSX

    Some of the most active companies traded Monday on the Toronto Stock Exchange:

  • Baystreet3 days ago

    Equities Keep Streak Alive

    Canada's main stock index found its way (narrowly) in the green by the end of Monday’s session – its ...

  • AngloGold Faces South Africa Doubt as M&A Gold Rush Quickens
    Bloomberg3 days ago

    AngloGold Faces South Africa Doubt as M&A Gold Rush Quickens

    Having long since been eclipsed by its rivals, AngloGold Ashanti Ltd. may need to leave home to keep up. Newmont Mining Corp. and Barrick Gold Corp. have forged mega deals that will extend their lead over AngloGold. Saddled with Mponeng, the world’s deepest mine in a dying South African industry that’s struggling to contain costs, the third-biggest producer could boost its value by leaving the country, according to Rene Hochreiter, analyst at Noah Capital Markets Ltd. in Johannesburg.

  • Barrons.com5 days ago

    Why Gold Mining Stocks Are an Unalloyed Bargain

    Both Barrick and Newmont have made big acquisitions and their shares offer an opportunity to profit when the metal regains its luster.

  • The Canadian Press8 days ago

    Most actively traded companies on the TSX

    Some of the most active companies traded Wednesday on the Toronto Stock Exchange:

  • Mining Investors: Jump on These 3 High-Growth Canadian Gold Stocks
    The Motley Fool8 days ago

    Mining Investors: Jump on These 3 High-Growth Canadian Gold Stocks

    The gold rally continues, with Barrick Gold Corp (TSX:ABX)(NYSE:GOLD) and two other precious metal miners offering considerable upside.

  • Monster Gold-Mining Deals Pile Pressure on Those Left Behind
    Bloomberg9 days ago

    Monster Gold-Mining Deals Pile Pressure on Those Left Behind

    “Holy camoly, I missed out on a great opportunity!” is how Bristow described anyone not involved in Barrick Gold Corp.’s purchase of Randgold Resources Ltd. in September. With Newmont Mining Corp. poised to become the No. 1 producer through a $10 billion takeover of Goldcorp Inc. announced Monday, the pressure on those left behind will be even greater. The newly combined companies are also expected to put several unloved assets up for sale, leaving lots of room for maneuvering by those that missed out on the dealmaking so far.

  • Gold Veteran Says Bigger May Not Be Better as M&A Blitz Hits
    Bloomberg9 days ago

    Gold Veteran Says Bigger May Not Be Better as M&A Blitz Hits

    Rising gold prices and a hunt to boost additional reserves of the precious metal have spurred Newmont Mining Corp. and Barrick Gold Corp. to acquire rival companies and add more operations. “The thesis being offered is that bigger is better, and historically in the gold sector that hasn’t proven to be value creating for shareholders,” Jake Klein, executive chairman of Sydney-based Evolution Mining Ltd., said by phone on Tuesday. Mid-sized and small producers including Evolution and Canada’s Wesdome Gold Mines Ltd. are among those to have outperformed larger competitors over the past six years.

  • How the Massive US$10 Billion Goldcorp Inc. (TSX:G) Takeover Will Shake Up the Gold Industry
    The Motley Fool10 days ago

    How the Massive US$10 Billion Goldcorp Inc. (TSX:G) Takeover Will Shake Up the Gold Industry

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  • The Market Arranged Newmont’s Goldcorp Marriage
    Bloomberg10 days ago

    The Market Arranged Newmont’s Goldcorp Marriage

    This round of consolidation — Newmont’s move follows a Randgold Resources Ltd. deal with Barrick Gold Corp. announced in September — puts me in mind of the mega-mergers in the oil industry 20 years ago. Back then, there was a flurry of deals to create supermajors like Exxon Mobil Corp. With oil prices having collapsed in 1998, the industry saw self-help in the form of cost-cutting and high-grading of portfolios as the path to redemption — and it was (aided by an enormous rally in oil, of course). Gold is down roughly a third from its 2011 peak, but has traded sideways for much of the past five years.

  • Newmont Buys Goldcorp for $10 Billion to Be Top Gold Miner
    Bloomberg10 days ago

    Newmont Buys Goldcorp for $10 Billion to Be Top Gold Miner

    The biggest deal in the gold mining industry’s history comes just three months after Barrick Gold Corp.’s move to buy Randgold Resources Ltd. in a $5.4 billion transaction, which instantly spurred speculation that rivals would have to respond. Just two weeks ago, Mark Bristow, the new chief executive officer of Barrick, said the industry is heading for irrelevance unless there are major changes. Newmont shares slipped 6.4 percent in New York.

  • Reuters10 days ago

    UPDATE 5-Newmont takes top gold producer spot with $10 bln Goldcorp buy

    Newmont Mining Corp said on Monday it would buy smaller rival Goldcorp Inc for $10 billion, creating the world's biggest gold producer in the face of dwindling easy-to-find reserves of the precious metal. The transaction, the biggest ever takeover in the gold sector according to Refinitiv, follows Barrick Gold Corp's agreement in September to buy Randgold Resources Ltd in a deal valued at $6.1 billion. "Combining forces will give us the sector's best project pipeline and exploration portfolio," Newmont Chief Executive Gary Goldberg said on a conference call with analysts.

  • 2 Glittering Gold Stocks Paying Dividends to TSX Investors
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  • Alert: 2 Stocks to Hold in a Volatile Market
    The Motley Fool12 days ago

    Alert: 2 Stocks to Hold in a Volatile Market

    Barrick Gold Corp. (TSX:ABX)(NYSE:GOLD) and Hydro One Ltd. (TSX:H) are rock-solid stocks to hold in a dangerous economic environment.

  • CNBC12 days ago

    If you're worried about stocks, invest in gold here, Jim Cramer says

    CNBC's Jim Cramer shares his favorite ways to add gold to a portfolio. The "Mad Money" host encourages investing in the precious metal if you're nervous about 2019. Investors concerned about the Federal Reserve's interest rate policy and the U.S.-China trade dispute should take a stake in gold here, CNBC's Jim Cramer said Friday as stocks slid for the first time in six days.

  • Barrick CEO to Forge Ahead in Latin America Despite Past Strains
    Bloomberg13 days ago

    Barrick CEO to Forge Ahead in Latin America Despite Past Strains

    “If you want to find elephants, go to elephant country,” Chief Executive Officer Mark Bristow, a South African geologist and big-game hunter, said in a phone interview. The Toronto-based company “absolutely” intends to invest more money in the El Indio copper-and gold belt, he said, adding that its partnerships with Chinese and Chilean miners remain key to its strategy in the region. The world’s largest gold miner, which completed its merger with Randgold Resources Ltd. at the beginning of the year, had been revamping its South American strategy since John Thornton became chairman in 2014.

  • My Number One Gold Stock for 2019
    The Motley Fool14 days ago

    My Number One Gold Stock for 2019

    Barrick Gold Corp (TSX:ABX) faces industry-wide risks, but if you're looking for gold exposure, Barrick is your best bet.

  • Bloomberg14 days ago

    Too Early to Bet on Mining-Policy Change: Congo Vote Reaction

    The African country is the world’s main supplier of battery ingredient cobalt and a key source of minerals from copper to tantalum. The prospective change of administration may spur optimism among mining investors including Glencore Plc and Barrick Gold Corp. that they can reverse elements of a fiercely disputed new industry code that raised royalties and added taxes. Verisk Maplecroft: Unknown Entity for MinersThe results are preliminary so “many mining investors will likely hold off for the next two to three months at minimum to see how the transition period plays out,” said lead Congo analyst Indigo Ellis.

  • Barrick Gold’s New CEO Dismisses Canada HQ Debate as ‘Hysteria’
    Bloomberg14 days ago

    Barrick Gold’s New CEO Dismisses Canada HQ Debate as ‘Hysteria’

    Barely a week after his Channel Islands-based Randgold Resources Ltd. merged with Barrick, Mark Bristow says he’s determined to keep the global miner headquartered in Toronto -- or at least as committed as he is to any head office. “Mining industries have to catch up with the reality of the times,” Bristow said in a phone interview from Jackson Hole, Wyoming, where he maintains a home. Bristow’s comments come in the wake of critical commentary by industry veteran Pierre Lassonde, who said Barrick’s reduced presence in Canada amounts to the kind of hollowing out of the country’s mining sector that Barrick’s late founder, Peter Munk, vigorously opposed.

  • Here Is Why You Need Gold in Your Portfolio This Year
    The Motley Fool18 days ago

    Here Is Why You Need Gold in Your Portfolio This Year

    Gold equities like Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) and Yamana Gold Inc. (TSX:YRI)(NYSE:AUY) are in great positions to capitalize off gold’s impressive momentum.

  • Mining World Watches as Congo Counts Votes for Next Leader
    Bloomberg19 days ago

    Mining World Watches as Congo Counts Votes for Next Leader

    Congo, which held presidential polls on Dec. 30, is one of the world’s most important but difficult mining jurisdictions. One of the industry’s biggest concerns in the past year has been a new mining code introduced by Kabila’s government that raised royalties, added taxes and canceled a clause that would have protected them against fiscal changes for 10 years. There has been vocal opposition from the mining industry, but so far no concessions.