Barrick Gold Corp. president and chief executive Mark Bristow says the process of completing the final agreements and legal steps that would enable the development of the Reko Diq project is making steady progress. Once the transaction is completed, Reko Diq, one of the largest undeveloped copper-gold deposits in the world, will be owned 50% by Barrick, 25% by Balochistan province and 25% by major Pakistani state-owned [...]
Barrick Gold Corp. today reported preliminary Q3 sales of 1.00 million ounces of gold and 120 million pounds of copper, as well as preliminary Q3 production of 0.99 million ounces of gold and 123 million pounds of copper. Access to high grade ore that was previously expected in late Q3 at Nevada Gold Mines is now scheduled for Q4, which should drive a strong finish to the year. Barrick remains on track to achieve 2022 [...]
The Veladero gold mine has reached its 17th anniversary since first gold in October 2005 and the company remains committed to improving the asset, building on strong partnerships with the local community, and exploring to increase its resources. At a media briefing here today, Barrick president and chief executive Mark Bristow said recent integrated work from the exploration team in the Veladero district has identified [...]
Barrick Gold Corp. will release its Q3 2022 results on Thursday, November 3, 2022. President and CEO Mark Bristow will host a live presentation of the results that day in London, UK, at 11:00 EDT / 15:00 GMT, with an interactive webinar linked to a conference call. Participants will be able to ask questions. The company will release its preliminary production, sales and cost information for Q3 2022 on October 13, 2022 [...]
Maverix Metals is pleased to announce that it has completed the acquisition of a portfolio of 22 royalties from Barrick Gold Corporation. As consideration for the transaction, Maverix agreed to total upfront cash consideration of $50 million, subject to the exercise of any right of first refusal or buy-down rights under certain of the royalties, and contingent consideration of up to $10 million. On September 26, 2022 [...]
Barrick Gold Corp. today announced the closing of the previously announced sale of a portfolio of 22 royalties to Maverix Metals Inc. . Following the exercise by Skeena Resources Ltd. , the operator of the Eskay Creek mine in British Columbia, of its buy-down right to acquire 0.5% of the 1.0% net smelter returns royalty on the Eskay Creek mine, Barrick has received total consideration equal to $50 million in cash in [...]
Nevada Gold Mines today announced the closing of its previously announced sale of a portfolio of royalties to Gold Royalty Corp. for $27.5 million, satisfied through the issuance by Gold Royalty to NGM of 9,393,681 common shares. NGM currently owns approximately 6.5% of the issued and outstanding shares of Gold Royalty. About Nevada Gold Mines Nevada Gold Mines is operated by Barrick Gold Corp. and is a joint venture [...]
Nevada Gold Mines continues to demonstrate the impact of Barrick Gold Corp.'s strategy of combining the best assets with the best people as new projects and prospects secure its future as a high-quality, long-life operation for decades to come, says NGM chairman Mark Bristow. Speaking during a visit by a group of equity analysts and investors to see first-hand the development of the Goldrush underground project, the open [...]
Barrick Gold Corp. today announced that it has entered into a definitive agreement to sell a portfolio of royalties to Maverix Metals Inc. for total consideration of up to $60 million. The Portfolio consists of 22 royalties on the production of minerals from mines located in North America, South America, Australia and Africa. The total consideration of $60 million consists of $50 million in cash payable on closing of the [...]
Nevada Gold Mines' today announced that it has entered into a definitive agreement to sell a portfolio of royalties to Gold Royalty Corp. for $27.5 million. The Portfolio consists of three royalties on the production of minerals from the Granite Creek and Bald Mountain projects located in the State of Nevada. The total consideration of $27.5 million will be satisfied through the issuance by Gold Royalty of 9,393,681 [...]
Barrick Gold is contributing $150,000 to Balochistan’s PDMA to support its relief efforts in the wake of unprecedented floods in the region. Remote communities in the province were hardest hit by the heavy monsoon rains which killed more than 500 people in Pakistan. In a phone call with the province’s chief minister, Abdul Quddus Bizenjo, Barrick president and chief executive Mark Bristow expressed the company’s [...]
A stronger Q2 performance across the portfolio has kept Barrick on course to achieve its annual gold and copper production guidance while continuing to progress its key growth projects. Gold production for the quarter was higher than Q1 at 1.04 million oz — driven mainly by Carlin and Turquoise Ridge in Nevada, Veladero in Argentina, and Bulyanhulu and North Mara in Tanzania — and is expected to grow further in the second [...]
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