Barrick Gold Corp. today provides the following further update in relation to Acacia Mining plc. On May 21, 2019 Barrick announced that it had met with Directors and senior management of Acacia and presented a proposal for consideration by the independent directors of Acacia to acquire all of the Acacia shares it does not already own through a share for share exchange of 0.153 Barrick shares for each ordinary share of 10 [...]
Barrick Gold Corp. continues to make great advances in its commitment to gender equality in the workplace. Yesterday, Barrick Pueblo Viejo began a certification process for gender equality at the Pueblo Viejo mine in the Dominican Republic. With this initiative Barrick continues to support the UN Sustainable Development Goals and the Dominican Strategy Development Law in reducing gender salary differences, increasing [...]
Barrick Gold Corp. announced today that it will acquire 7,274,142 common shares of Midas Gold Corp. as part of the public offering of common shares announced yesterday by Midas Gold Corp. . Barrick currently owns 46,551,731 common shares of Midas Gold Corp., representing approximately 19.6 percent of the outstanding common shares of Midas Gold Corp., on a non-diluted basis. The Offering is expected to close on or about [...]
Barrick President and Chief Executive Mark Bristow, along with Zijin Executive Director and Senior Vice President George Fang, met today with Papua New Guinea’s new Prime Minister James Marape and reaffirmed the company’s commitment to working with the PNG government and local communities to ensure that the Porgera gold mine continues to deliver value to its stakeholders past the expiry of the current Special [...]
The proposed expansion of Pueblo Viejo, already one of the world’s Tier One1 gold mines, includes an expansion of the mine’s processing plant and tailings capacity with an estimated initial capital investment of more than a billion dollars and the potential to extend the life of the mine into the 2030s and beyond2. Barrick expects to complete a feasibility study for the expansion project during 2020. The [...]
Barrick Gold Corp. today provides the following update in relation to Acacia. Barrick met today with the Directors and senior management of Acacia and presented a proposal to acquire all of the shares it does not already own in Acacia through a share for share exchange of 0.153 Barrick shares for each ordinary share of Acacia. The Proposal assumes that no further dividends will be paid by Acacia following the date of the [...]
Nevada Gold Mines, the new joint venture between Barrick Gold Corp. and Newmont Goldcorp Corp. , is a classic case of the whole being more valuable than the sum of its parts, Barrick President and Chief Executive Officer Mark Bristow said today. Nevada Gold Mines is the new joint venture between Barrick and Newmont Goldcorp. The operations making up the joint venture produced in excess of 4 million ounces of gold in 2018 [...]
All amounts expressed in US dollars unless otherwise indicated Barrick Gold Corp.’s first quarterly results since its merger with Randgold Resources Ltd. show solid results across the board from the new group, which also reported rapid progress with the integration of the two businesses as well as with the implementation of key strategic initiatives. Financial and Operating Highlights Financial Results Q1 2019 Q4 [...]
All amounts expressed in US dollars Barrick Gold Corp. today announced that its Board of Directors has declared a dividend for the first quarter of 2019 of $0.04 per share, payable on June 17, 2019, to shareholders of record at the close of business on May 31, 2019.1 Senior Executive Vice-President and Chief Financial Officer Graham Shuttleworth said the dividend reflected Barrick’s profitability and financial [...]
Barrick Gold Corp. announced that the nominees listed in the information circular for the 2019 Annual Meeting of Shareholders were elected as directors of Barrick. Detailed results of the vote for the election of directors, the appointment of auditor and the advisory resolution on executive compensation are set out below. Nominee Votes For % For Votes Withheld % Withheld D. Mark Bristow 1,109,397,049 98.97% 11,598,583 [...]
Barrick Gold Corp. and Newmont Goldcorp Corporation today announced that their joint venture in Nevada, which will create the world’s largest gold producing complex, has cleared all the regulatory conditions required for its completion. The U.S. Federal Trade Commission granted an early termination of the waiting period under the Hart-Scott-Rodino Act on April 19, 2019. The new business, yet to be named, will be [...]
All amounts expressed in U.S. dollars In a positive start to the year, Barrick Gold Corp. announced today it had made good progress in achieving its short-term goals as well as its full-year objectives during the first quarter. After setting a production record at the Kibali mine in 2018, the Company announced that the operation is on track for another record performance in 2019. Barrick is also rapidly progressing the [...]