Barrick Gold Corp.

The proposed expansion of the Pueblo Viejo gold mine will extend its life as well as its significant contribution to the Dominican Republic’s economy until 2040 and beyond, Mark Bristow, president and chief executive of operator Barrick Gold Corp., said here today. Speaking to local media and businessmen, Bristow said the project would require an initial investment of $1.3 billion to expand the process plant and the [...]

Drawing on experience gained combating Ebola outbreaks around its African operations, Barrick Gold Corp. has increased its site-specific emergency response plans as well as regional crisis management plans to deal with any manifestation of COVID-19 in or near its mines globally. The company said it had counselled all employees about the symptoms of the virus and the risk of contracting the infection. Access to each site [...]

In line with its strategy of focusing on Tier One assets, Barrick Gold Corp. has completed the recently announced transaction of combining its Massawa gold project in Senegal with Teranga Gold Corp.’s Sabodala gold mine. Barrick and its Senegalese partner held a 90% interest in the Massawa project. As part of the transaction, Barrick and its partner will receive an up-front payment valued at $380 million at the time [...]

In support of Nevada’s carbon-reduction objectives and in partnership with Governor Sisolak’s administration, Nevada Gold Mines - a joint venture between Barrick Gold Corp. as the operator and Newmont Corp. - is pleased to announce that it has approved the conversion of its TS Coal Power Plant to a dual fuel process, allowing the facility to generate power from natural gas. This conversion will enable the [...]

Barrick Gold Corp.’s attention has been drawn to media reports to the effect that the Congolese parastatal Société Minière de Kilo-Moto SA has signed a memorandum of understanding with AJN Resources Inc. to sell its 10% share in the Kibali gold mine to that company. Barrick wishes to make it clear that SOKIMO is contractually bound by Barrick and its joint venture partner AngloGold Ashanti not [...]

Barrick Gold Corp.’s gold production for 2019 of 5,465,000 ounces was at the top end of its guidance range while copper production of 432 million pounds was above the guidance range, the company reported today. Announcing its results for the fourth quarter and the year, the company reported net earnings per share of $2.26 for the year and noted that its adjusted net earnings per share1 were up 46% year on year while [...]

Barrick’s annual reserve and resource declaration, published today as part of its fourth quarter 2019 results, shows an attributable gold mineral reserve increase of approximately 14.5% in ounces at a 7.7% higher grade after depletion from mining, reflecting a busy year which included the incorporation of Randgold Resources, the formation of the Nevada Gold Mines joint venture with Newmont and the disposal of KCGM [...]

Barrick Gold Corp. today announced that its Board of Directors has declared a dividend for the fourth quarter of 2019 of $0.07 per share, a 40% increase on the previous quarter’s dividend, payable on March 16, 2020 to shareholders of record at the close of business on February 28, 2020.1 Senior executive vice-president and chief financial officer Graham Shuttleworth said this was the third dividend increase this [...]

Barrick Gold Corp.’s Loulo-Gounkoto complex has again demonstrated its mettle, exceeding its 2019 guidance with production of 714,802 ounces of gold1. Barrick’s president and chief executive Mark Bristow told a briefing for local media that the complex continued to perform consistently to plan and was still managing to replace depleted reserves through successful brownfields exploration and resource [...]

Barrick Gold Corp. Barrick Gold Corp.’s Kibali mine beat its 2019 production guidance of 750,000 ounces of gold by a substantial margin, delivering 814,027 ounces in another record year1. Barrick president and chief executive Mark Bristow told a media briefing here that Kibali’s continuing stellar performance was a demonstration of how a modern, Tier One gold mine could be developed and operated successfully [...]