TORONTO, March 02, 2018 -- Barrick Gold Corp. today confirmed that the power generation facility that supplies electricity to the Porgera Joint Venture mine experienced significant damage during the 7.5 magnitude earthquake that struck Papua New Guinea on Feb. 26, 2018. The Company is pleased to report that all Porgera Joint Venture employees and contractors have been accounted for, and no injuries have been reported [...]
All amounts expressed in U.S. dollars TORONTO, March 02, 2018 -- Barrick Gold Corp. today reported that Moody's Investors Service has upgraded the senior unsecured ratings of Barrick and all rated subsidiaries to Baa2 from Baa3, with a stable outlook. In a news release announcing the upgrade, Moody’s cited Barrick’s low adjusted leverage, large scale, diverse and low-cost gold assets, free cash flow generation [...]
TORONTO, Feb. 22, 2018 -- Barrick Gold Corp. today outlined plans to maximize long-term value from the Company’s portfolio of high-quality, long-life gold operations and projects. These assets are clustered in core districts throughout the Americas, and support a sustainable long-term production profile with significant optionality and upside. Barrick’s core objective remains to grow free cash flow per share [...]
In 2017, Barrick reported net earnings attributable to equity holders of Barrick of $1.44 billion , and adjusted net earnings1 of $876 million . The Company reported annual revenues of $8.37 billion, net cash provided by operating activities of $2.07 billion, and free cash flow2 of $669 million. Full year gold production was 5.32 million ounces. Cost of sales applicable to gold3 was $794 per ounce, and all-in sustaining [...]
Barrick Gold today announced that its Board of Directors has declared a dividend for the quarter of U.S. 3 cents per share, payable on March 15, 2018, to shareholders of record at the close of business on February 28, 2018.1 INVESTOR CONTACT Daniel Oh Senior Vice President Investor Engagement and Governance Telephone: +1 416 307-7474 Email: doh@barrick.com MEDIA CONTACT Andy Lloyd Senior Vice President Communications [...]
All amounts expressed in U.S. dollars TORONTO, Feb. 06, 2018 -- Barrick Gold Corp. today provided an update on the status of its Pascua-Lama project, located on the border between Argentina and Chile. As previously reported, on January 17, Chile’s Superintendencia del Medio Ambiente ordered the closure of existing infrastructure on the Chilean side of the Pascua-Lama project. The sanction is part of a re-evaluation [...]
All amounts expressed in Canadian dollars unless otherwise indicated TORONTO, Jan. 24, 2018 -- Barrick Gold Corp. announced today that it has entered into a subscription agreement to acquire 9,875,876 ordinary shares of Royal Road Minerals Ltd. in a non-brokered private placement at a price of $0.16 per share for total consideration of $1,580,140. The transaction is expected to close on or about February 9, 2018. As a [...]
All amounts expressed in U.S. dollars TORONTO, Jan. 18, 2018 -- Barrick Gold Corp. is analyzing a revised sanction related to the Company’s Pascua-Lama project issued on January 17 by Chile’s Superintendencia del Medio Ambiente . The Pascua-Lama project is currently operating under a temporary closure plan in Chile. During this period, the Company has continued to manage all aspects of the project in a [...]
All amounts expressed in U.S. dollars TORONTO, Jan. 16, 2018 -- Barrick Gold Corp. today announced preliminary full year gold production of 5.32 million ounces for 2017, in line with the Company’s adjusted guidance of 5.30-5.50 million ounces, and preliminary full year gold sales of 5.30 million ounces. Preliminary fourth quarter gold production was 1.34 million ounces, and preliminary fourth quarter gold sales were [...]
TORONTO, Jan. 11, 2018 -- Barrick Gold Corp. will release its Fourth Quarter 2017 Results on February 14, 2018, followed by a conference call and webcast on February 15 at 8:00 am ET. Fourth Quarter Results Release February 14, after market close Conference Call and Webcast February 15, 8:00 am ET Toll Free : 1-800-319-4610 International: +1-416-915-3239 The Fourth Quarter 2017 webcast and presentation materials will be [...]
All amounts expressed in Canadian dollars unless otherwise indicated Barrick Gold Corp. announced today that it has acquired 48,000,000 common shares of Reunion Gold Corp. in a non-brokered private placement at a price of $0.19 per share for total consideration of $9,120,000. As a result of the transaction, Barrick owns 48,000,000 common shares, representing approximately 15% of Reunion's issued and outstanding common [...]
Barrick reported a net loss attributable to equity holders of $11 million , and adjusted net earnings1 of $186 million for the third quarter. The Company generated third quarter revenues of $1.993 billion, net cash provided by operating activities of $532 million, and free cash flow2 of $225 million. Gold production in the third quarter was 1.243 million ounces, at a cost of sales applicable to gold3 of $820 per ounce [...]