Barrick Gold Corp. has settled the majority of the North Mara legacy land claims and has paid the first tranche of the $300 million settlement it agreed with the Tanzanian government to resolve the disputes it inherited from Acacia Mining. President and chief executive Mark Bristow said these were landmark events that demonstrated the strength of the partnership the company forged earlier this year through the formation [...]
Barrick Gold Corp. , owner and operator of the Lumwana copper mine, has donated 10 computers to the University of Zambia School of Mines and agreed to help repair the Kakayindu Police Post, in line with its commitment of creating long-term value for its host countries and communities. Established in 1973, the University of Zambia School of Mines offers undergraduate and postgraduate courses in geology, mining engineering [...]
Barrick Gold Corp. built on the solid foundation it laid last year with a robust first quarter performance from all operations in the face of the challenges presented by the global Covid-19 pandemic. Q1 gold production and costs were consistent with full year guidance; debt net of cash was reduced by a further 17% from the end of Q4 to $1.85 billion with no significant maturities until 2033; operating cash flow increased [...]
Barrick Gold Corp. today announced that its Board of Directors has declared a dividend for the first quarter of 2020 of US $0.07 per share, payable on June 15, 2020, to shareholders of record at the close of business on May 29, 2020.1 Senior executive vice-president and chief financial officer Graham Shuttleworth said that maintaining the dividend level that was increased three times over the last year reflects Barrick’s [...]
Barrick Gold Corp. announced that the nominees listed in the Information Circular for the 2020 Annual Meeting of Shareholders were elected as directors of Barrick. Detailed results of the vote for the election of directors, the appointment of auditors and the advisory resolution on executive compensation are set out below. Nominee Votes For % For Votes Withheld % Withheld D. Mark Bristow 1,206,532,362 98.83% 14,243,096 [...]
In the first four months of 2020, Pueblo Viejo Dominicana Corporation, operator of the Pueblo Viejo gold mine, has paid $185 million in direct taxes and $9 million in indirect taxes to the Dominican Government. These payments include advances of income taxes, net profit interest and royalties on the sales of gold and silver paid in the first quarter of 2020, as well as the final settlement of the 2019 fiscal year. In an [...]
Barrick Niugini Limited , majority owner and operator of the Porgera gold mine in the Enga province of Papua New Guinea , said today the Government’s decision not to extend its Special Mining Lease was tantamount to nationalisation without due process and in violation of the Government’s legal obligations to BNL. BNL said it remained willing to discuss the issue with Prime Minister James Marape and his Government in the [...]
As detailed in our 2020 Information Circular, in response to the global Covid-19 pandemic Barrick Gold Corp. will be holding its 2020 Annual Meeting in a virtual-only format via a live webcast. The decision to conduct a virtual-only Meeting was made with the health and safety of Barrick’s shareholders, employees, and the broader community in mind. As a Company of Owners, Barrick places significant importance on in-person [...]
Barrick Gold Corp. today reported preliminary first quarter sales of 1.22 million ounces of gold and 110 million pounds of copper as well as preliminary first quarter production of 1.25 million ounces of gold and 115 million pounds of copper. President and Chief Executive Mark Bristow said these results positioned Barrick well to achieve its guidance for the year despite the impact of the global Covid-19 pandemic and the [...]
Barrick Gold Corp. has today filed an early warning report advising of its holdings in common shares of Precipitate Gold Corp. . On April 13, 2020, Barrick, PGC and certain affiliates of Barrick and PGC entered into an earn-in agreement pursuant to which Barrick has been granted the exclusive right to acquire a 70% interest in PGC’s Pueblo Grande Project in the Dominican Republic on the terms and conditions set out in the [...]
Precipitate Gold Corp. is pleased to announce that it has signed a definitive earn-in agreement with Barrick Gold Corporation whereby Barrick has the right to earn a 70% interest in the Company's Pueblo Grande Project located immediately adjacent to Barrick's world-class Pueblo Viejo gold-silver mine in the Dominican Republic. To earn its interest, Barrick must incur a minimum US$10.0 million in exploration expenditures [...]
Barrick Gold Corp. today made a $1.5 million donation to the Malian government to support its Covid-19 containment campaign. Barrick’s senior executive for West Africa, Mahamadou Samake, made the presentation. The donation includes an amount of $426,000 being provided for special equipment to strengthen the medical infrastructure regionally and in the communities around the company’s mines. President and CEO Mark Bristow [...]