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)-0.57
Earnings DateFeb 13, 2019
Forward Dividend & Yield0.37 (2.35%)
Ex-Dividend Date2018-12-27
1y Target Est13.81
  • 3 Top TSX Index Stocks to Buy Now for Defensive Dividends
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  • GlobeNewswire2 days ago

    Loulo-Gounkoto Complex Continues to Invest in Its Future and Points to Ongoing Improvement in Production

    The Loulo-Gounkoto complex in Mali posted a fourth consecutive quarterly improvement in gold production, despite an illegal work stoppage that caused it to miss its full year production guidance of 690,000 ounces by four percent. Speaking at a briefing here for local media, Barrick President and Chief Executive Mark Bristow noted that the complex, which ranks among the recently-merged Barrick/Randgold group’s Tier One1 assets, was continuing to invest in its future by exploring for additional reserves and upgrading plant and equipment. “A preliminary economic assessment of the Loulo 3 open pit and underground project has been completed and drilling continues to expand the area of high-grade mineralization south of the Yalea orebody.  Exploration of the Faraba structure on the Gounkoto permit has shown the potential for multiple zones of mineralization to be extended,” Bristow said.

  • 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 Press2 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 Press2 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

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  • GlobeNewswire3 days ago

    Barrick Reports Preliminary Full Year and Fourth Quarter Production Results

    Today Barrick Gold Corporation (GOLD)(ABX.TO) (“Barrick” or the “Company”) announced preliminary full year gold production of 4.53 million ounces for 2018, in line with the Company’s guidance of 4.5-5.0 million ounces, and preliminary full year gold sales of 4.54 million ounces. Preliminary fourth quarter gold production was 1.26 million ounces, and preliminary fourth quarter gold sales were 1.23 million ounces. The average market price for gold in the fourth quarter was $1,226 per ounce.

  • 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.

  • GlobeNewswire3 days ago

    Lumwana Seeks Long-Term Partnership With Zambian Government

    Barrick Gold Corporation (GOLD)(ABX.TO) (“Barrick” or the “company”), owners of the Lumwana copper mine, says it is continuing to engage with the Zambian government and community stakeholders about a mutually-beneficial way forward for the operation. Subsequent to the first Lumwana board meeting following the Barrick/Randgold merger, Barrick’s chief operating officer for Africa and the Middle East, Willem Jacobs, said the company was mindful that the Government was under pressure to increase its revenue. At the same time, however, its proposed tax changes would put Lumwana in a challenging situation.

  • 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
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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.

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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

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  • GlobeNewswire14 days ago

    Barrick to Announce Q4 2018 Results on February 13, Preliminary Q4 Production Results on January 21

    TORONTO, Jan. 10, 2019 -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “company”) will release its fourth quarter results to end December 2018 on Wednesday,.