Barrick will release its Q1 2022 results on Wednesday, May 4, 2022. President and CEO Mark Bristow will host a virtual presentation on the results that day at 11:00 EDT, 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 Q1 2022 on April 14, 2022. Release of Q1 preliminary production, sales [...]
Barrick Gold Corp. - Good ESG management is essential to Barrick's vision of becoming the world's most valued gold and copper company, says executive chairman John Thornton in the company's 2022 Information Circular published today and available now at www.barrick.com/agm and also filed on SEDAR and EDGAR . The principles of ESG have long been entrenched in Barrick's commitment to partnership-based business objectives, a [...]
Barrick Gold Corp. today announced that S&P Global Ratings has upgraded Barrick's long-term corporate credit rating to BBB+ from BBB, with a stable outlook. This follows a similar upgrade to Baa1 by Moody's Investors Service in October 2020. In a news release announcing the upgrade, S&P noted that the upgrade reflects Barrick's significant financial flexibility, their favorable view of Barrick's operating efficiency and [...]
Barrick Gold Corp. - Africa's largest gold mine, Kibali, has made a strong start to 2022 and is on track to equal its 2021 production this year. Last year it again replaced the reserves depleted by mining and its prolific KZ trend of orebodies continues to deliver opportunities for significant open pit and underground growth. Speaking to media here today, Barrick president and chief executive Mark Bristow said Kibali had [...]
Barrick Gold Corp. announced today that it has entered into a purchase and sale agreement dated March 23, 2022 with a Canadian investment dealer pursuant to which Barrick agreed to sell, and the Dealer agreed to purchase, 8,831,250 common shares of Skeena Resources Ltd. for resale on a bought deal basis, on and subject to the terms and conditions set forth in the Purchase Agreement . The gross consideration for the common [...]
Barrick Gold Corp. and the governments of Pakistan and Balochistan have reached agreement on a framework that provides for the reconstitution of the Reko Diq project in the country's Balochistan province. The project, which was suspended in 2011 due to a dispute over the legality of its licensing process, hosts one of the world's largest undeveloped open pit copper-gold porphyry deposits. The reconstituted project will be [...]
Barrick Gold Corp. is built on a foundation of six Tier One1 gold mines with rolling 10-year plans which secure the company's ability to generate substantial free cash flows2 for the next decade and beyond, says executive chairman John Thornton. Writing in the company's 2021 annual report, published today, Thornton notes that in September 2018, when the Randgold merger was announced, Barrick had net debt in excess of $4 [...]
Barrick Gold Corp. is continuing to invest in its future through the development of capital projects that will expand and enhance an operating platform which already holds some of the industry's best assets, says president and chief executive Mark Bristow. Writing in the company's 2021 annual report, published today, Bristow says that, while building on this value foundation, Barrick was also expanding its presence into [...]
Barrick Gold Corp. announced today that following the completion by Reunion Gold Corp. of its bought deal private placement common share offering on February 24, 2022 , Barrick's interest in Reunion has decreased below 10% to approximately 9.9875% of Reunion's issued and outstanding common shares. Barrick did not participate in the Private Placement and continues to own 81,150,000 common shares of Reunion . Under the [...]
Driven by strong performances from its Africa & Middle East and Latin America regions, Barrick's production in 2021 was in line with guidance for the third successive year. The Company also more than replaced its gold reserves net of depletion at a better grade. Announcing the annual results, the Company said its reserve replenishment was attributable to continued brownfields exploration success and it was extending its [...]
Barrick Gold Corp. announced today that it plans to undertake a share repurchase program to allow for the buyback of some of its common shares. Barrick's Board of Directors has authorized a share repurchase program for the repurchase of up to $1.0 billion of the Company's outstanding common shares over the next 12 months at prevailing market prices in accordance with applicable law. "We believe that the shares are trading [...]
Barrick Gold Corp. today announced the declaration of a dividend in respect of performance for the fourth quarter of 2021 and announced a new performance dividend policy to begin in 2022. Barrick's Board of Directors declared a dividend of $0.10 per share for the fourth quarter of 2021 that will be paid on March 15, 2022 to shareholders of record at the close of business on February 28, 2022.1 This represents an increase [...]
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