All amounts expressed in U.S. dollars Today Barrick Gold Corp. announced preliminary full year gold production of 4.53 million ounces for 2018, in line with the Company’s guidance of 4.5-5.0 million ounces, and preliminary full year gold sales of 4.54 million ounces. Preliminary fourth quarter gold production was 1.26 million ounces, and preliminary fourth quarter gold sales were 1.23 million ounces. The average [...]
All amounts expressed in U.S. dollars unless otherwise indicated Barrick Gold Corp. , owners of the Lumwana copper mine, says it is continuing to engage with the Zambian government and community stakeholders about a mutually-beneficial way forward for the operation. Subsequent to the first Lumwana board meeting following the Barrick/Randgold merger, Barrick’s chief operating officer for Africa and the Middle East [...]
Barrick Gold Corp. will release its fourth quarter results to end December 2018 on Wednesday, February 13, 2019. President and CEO Mark Bristow will host a live presentation on the results at 11:00 a.m. EST at Barrick’s head office in Toronto on that day. The presentation will be linked to a webcast and conference call. Release of Q4 preliminary production and sales information January 21, 16:30 EST / 21:30 UTC Q4 [...]
Trading in the shares of the new company created by the merger of Barrick Gold and Randgold Resources started at the opening of business on the New York and Toronto Stock Exchanges this morning. The ringing of the opening bell at the NYSE was performed by the company’s executive chairman, John Thornton, accompanied by the president and chief executive officer, Mark Bristow. The new company is still known as Barrick [...]
All amounts expressed in U.S. dollars unless otherwise indicated Barrick Gold Corp. today announced that its Board of Directors has declared a dividend for the fourth quarter of 2018 of $0.07 per share, payable on January 14, 2019, to shareholders of record at the close of business on December 28, 2018. This will result in an annual dividend of $0.16 per share paid to the shareholders of Barrick in respect of the 2018 [...]
Barrick Gold Corp. today announced that the Royal Court of Jersey has sanctioned the scheme of arrangement by which the recommended share-for-share merger of Barrick and Randgold is being implemented. All conditions of the scheme have now been satisfied or waived, and the merger is expected to close on January 1, 2019, following the delivery of a copy of the court order to the Jersey Registrar. Mark Bristow, incoming [...]
All amounts expressed in Canadian dollars unless otherwise indicated Barrick Gold Corp. announced today that it has agreed to exercise its participation right in connection with a private placement offering by Reunion Gold Corp. . Barrick has agreed to acquire up to an additional 12,600,000 common shares of Reunion at a price of $0.18 per share. The aggregate consideration to be paid by Barrick in the offering is [...]
Barrick Gold Corp. and Randgold Resources Ltd. will be holding joint Investor Days in London, New York, and Toronto over the next week. Presentation materials for the Investor Day, and a link to the webcast for the first event, to be held tomorrow in London, are expected to be available on the Barrick website by 8:00 a.m. Toronto time at www.barrick.com/a-new-champion. INVESTOR CONTACT Deni Nicoski Senior Vice President [...]
Barrick Gold Corp. today announced that the Company’s shareholders have voted to approve the issuance of Barrick common shares in connection with the Merger of Barrick and Randgold Resources Ltd. , and the continuance of Barrick to the Province of British Columbia under the Business Corporations Act . The issuance of Barrick common shares in connection with the Merger, and the continuance, were each approved by more [...]
Barrick Gold Corp. and Randgold Resources Ltd. are pleased to announce that they have received unconditional clearance from the South African Competition Tribunal for their proposed share-for-share merger . The Merger remains subject to the satisfaction or waiver of the outstanding Conditions set out in Part A of Part 3 of the scheme document dated October 4, 2018, relating to the Merger . The key remaining Conditions to [...]
All amounts expressed in U.S. dollars unless otherwise indicated Barrick Gold Corp. is pleased to announce that Barrick and Randgold Resources Ltd. have agreed to increase dividends to shareholders as follows: Randgold shareholders will be entitled to receive a dividend of $2.69 per share for the 2018 financial year, instead of the originally agreed Randgold dividend of $2.00 per share. Barrick shareholders will be [...]
All amounts expressed in U.S. dollars unless otherwise indicated Barrick reported a net loss of $412 million , and adjusted net earnings1 of $89 million for the third quarter. The Company reported third quarter revenues of $1.84 billion, net cash provided by operating activities of $706 million, and free cash flow2 of $319 million. Gold production in the third quarter was 1.15 million ounces, at a cost of sales applicable [...]