Barrick Gold Corp. today announced it has reached an agreement to sell its 100% interest in the Lagunas Norte mine in Peru to Boroo Pte Ltd for a total consideration of up to $81 million, plus the assumption by Boroo of Barrick's closure liability relating to Lagunas Norte of $226 million backed by an existing $173 million bonding obligation. The total consideration consists of an up-front cash payment of $20 million [...]
Barrick Gold Corp.'s Loulo-Gounkoto mine complex delivered production of 680,215 ounces of gold in 2020, exceeding its full year guidance despite Covid-19 and other challenges1. At the same time, it improved its safety performance, reducing its Lost Time Injury Frequency Rate2 by more than half compared to 2019 and achieving a Lost Time Injury Free year in its underground operations. The complex retained its ISO 45001 [...]
Barrick Gold Corp.'s Tongon mine produced a total of 284,863 ounces of gold in 2020, at the top end of its guidance for the year1, driven by strong plant throughput with runtime setting a record of 95.2% in October. This improved throughput, combined with cost-reduction initiatives, is expected to have a positive impact on per ounce costs compared to 2019. Speaking to local media here today, Barrick president and chief [...]
The Barrick Gold operated Kibali Joint Venture in the DRC produced 808,134 ounces of gold in 2020, achieving the top-end of production guidance for the year1. This performance was driven by its underground operation which achieved record monthly and quarterly ore production in December and Q4 2020. Kibali is a world leader in automated underground mining, through systems that allow multiple autonomous machines to operate [...]
The North Mara and Bulyanhulu gold mines both produced near the top end of their production guidance in 2020, their first full year under Barrick's management. Including Buzwagi, the Tanzanian assets delivered a combined output of 462,472 ounces for the year1. The mines have been successfully revived, with North Mara delivering significant improvements and underground production restarted at Bulyanhulu. The mines, managed [...]
Barrick Gold Corp. today announced preliminary full year and fourth quarter 2020 results which indicate that it has met its 2020 guidance targets. Preliminary gold production for the full year of 4.8 million ounces is at the midpoint of the 4.6 to 5.0 million ounce guidance range, while preliminary copper production of 457 million pounds is also within the guidance range of 440 to 500 million pounds. The preliminary Q4 [...]
Barrick will release its 2020 Q4 and full year results on Thursday, February 18, 2021. President and CEO Mark Bristow will host a virtual presentation on the results that day at 11:00 EST, 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 Q4 and full year 2020 on Thursday, January 14 [...]
Barrick Gold Corp. has retained its listing in the prestigious Dow Jones Sustainability Index’s World Index, ranking in the 95th percentile of all mining companies assessed. This is the 13th consecutive year Barrick has been listed in the World Index, in which 2,500 companies are evaluated against governance, social performance, environmental management and economic contribution factors to identify the top 10 percent or [...]
Barrick Gold Corp. and AngloGold Ashanti Ltd. today concluded the sale of their interest in Morila Gold Limited, which owns 80% of the Morila gold mine in Mali, to Firefinch Limited for $28.8 million cash. The state of Mali continues to hold the remaining 20%. Noting that all Morila employees had been re-employed by Firefinch, Barrick president and chief executive Mark Bristow said the transaction would benefit the mine’s [...]
Capturing the benefit of higher gold prices through agile management and operational efficiency, Barrick Gold Corp. increased its operating cash flow by 80% quarter-on-quarter to $1.9 billion and free cash flow1 by 151% to $1.3 billion in the third quarter of 2020 — a record level of quarterly free cash flow for the company. Net earnings per share was 50 cents, while adjusted net earnings per share2 was 78% higher than [...]
Barrick Gold Corp. today announced that its Board of Directors has declared a dividend for the third quarter of 2020 of $0.09 per share, a 12.5% increase on the previous quarter’s dividend, payable on December 15, 2020, to shareholders of record at the close of business on November 30, 2020.1 Senior executive vice-president and chief financial officer Graham Shuttleworth said that this represents the third increase in the [...]
Barrick Gold Corp. has appointed Anne Kabagambe to its Board of Directors as an independent director. Ms Kabagambe has 35 years of experience spanning a diverse range of senior leadership positions in international institutions. She is a former Executive Director of the World Bank Group where she served from 2016 to 2020, representing the interests of 22 Sub-Saharan African countries1, including Tanzania and Zambia, where [...]
+48,53 %
-33,33 %
