Barrick Gold Corp. today announced preliminary full year and fourth quarter results which indicate that it has met its full-year guidance targets with preliminary gold production of 5.5 million ounces, at the upper end of the 5.1 to 5.6 million ounce range and preliminary copper production of 432 million pounds, exceeding the top-end of guidance of 375 to 430 million pounds. A strong fourth quarter capped off an excellent [...]
Barrick will release its fourth quarter and year end results to end December 2019 on Wednesday, February 12, 2020. President and CEO Mark Bristow will host a live presentation on the results at 11:00 EST at Barrick’s corporate office in Toronto on that day. The presentation will be linked to a webcast and conference call. The company will release preliminary production and sales information for Q4 2019 on January [...]
Barrick Gold Corp. today announced that the Pueblo Viejo power plant is expected to receive its first natural gas in Q1 2020 in a move that will lower greenhouse gas emissions and cut costs, in line with the Group’s clean and efficient energy strategy. Pueblo Viejo entered into a 10-year supply agreement with AES Andrés DR, SA in May 2018 for the provision of natural gas and the construction of a gas pipeline [...]
Barrick Gold Corp. today announced that it and its Senegalese joint venture partner have reached agreement to sell their aggregate 90% interest in the Massawa project in Senegal to Teranga Gold Corp. for total consideration of up to $430 million. The consideration consists of an up-front payment of $380 million, comprised of 20,718,273 Teranga common shares with a value of $3.85 per share and an aggregate value of [...]
Barrick Gold Corp. today announced it has completed the divestiture of its 50 percent interest in Kalgoorlie Consolidated Gold Mines in Western Australia to Saracen Mineral Holdings Ltd. for a total cash consideration of $750 million. Enquiries: Mark Bristow Kevin Thomson Kathy du Plessis President and chief executive Senior executive vice-president, strategic matters Investor & media relations +1 647 205 7694 +1 416 [...]
Barrick Gold Corp. today announced it has reached an agreement to sell its 50 percent interest in Kalgoorlie Consolidated Gold Mines in Western Australia to Saracen Mineral Holdings Ltd. for a total consideration of $750 million in cash. "The sale of our non-operating interest in KCGM represents the first step in our plan to realize in excess of $1.5 billion from the disposal of non-core assets by the end of next year [...]
Barrick Gold Corp. today posted its third strong quarter in a row and said it was on track to deliver production at the higher end and costs at the lower end of its guidance ranges for the year. Q3 results show net earnings per share of $1.30, adjusted net earnings per share1 of $0.15, up 67% on Q2 on the back of a higher gold price, and debt net of cash down 14% at $3.2 billion after payment of the dividend. The [...]
Barrick Gold Corp. today announced that its Board of Directors has declared a dividend for the third quarter of 2019 of $0.05 per share, a 25% increase on the previous quarter’s dividend, payable on December 16, 2019 to shareholders of record at the close of business on November 29, 2019.1 Senior Executive Vice-President and Chief Financial Officer Graham Shuttleworth said Barrick’s business continued to [...]
Operations at Hemlo are being modernized and refocused to secure the gold mine’s continued viability, Barrick Gold Corp. announced today. Several programs have been introduced to improve its performance and the next step will be to phase out the open pit operation and move to an underground contract mining model. The objective is to upgrade Hemlo to a Barrick Tier 2 asset and extend its Life of Mine well into the [...]
The successful two-decade partnership between the government of Mali and Randgold ) has made the gold mining industry one of the key drivers of the country’s economy, Barrick president and chief executive Mark Bristow said here today. Briefing local media on the Loulo-Gounkoto complex’s current performance, Bristow said Barrick was committed to further investment in Mali. It was currently developing a new [...]
Barrick Gold Corp. The underground operation at Kibali Gold Mine set new mining and shaft production records in the third quarter to keep the Barrick Tier 1 gold mine on track to meet or beat its guidance of 750,000 ounces for the year1. Throughput and recovery for the quarter were at or above the nameplate level. Briefing local media here today, Barrick president and chief executive Mark Bristow said Kibali &ndash [...]
The government of Tanzania and Barrick Gold Corp. have reached an agreement to settle all disputes between the GoT and the mining companies formerly operated by Acacia but now managed by Barrick. The final agreements have been submitted to the Tanzanian Attorney General for review and legalization. The terms of the agreement include the payment of $300 million to settle all outstanding tax and other disputes; the lifting [...]
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