The Kibali gold mine’s investment in Congo now exceeds $4 billion and it has created a thriving regional economy in a remote part of the country through partnering with and mentoring local entrepreneurs, uplifting host communities and upgrading essential infrastructure. At a media briefing here today, Barrick president and chief executive Mark Bristow said Kibali was not only Africa’s largest gold mine, it was also a [...]
Barrick Gold continues to invest in creating value for all stakeholders and in supporting the communities that host its mines, president and chief executive Mark Bristow said here today. Speaking to media at the company’s Loulo-Gounkoto complex, Bristow noted the commissioning of the Gounkoto underground mine and the Gara West open pit, the continuing replacement of reserves, the extension of the solar power plant and the [...]
Barrick Gold announced today that it has disposed of 5,382,587 common shares of Perpetua Resources Corp. through the facilities of the Nasdaq, Cboe, Direct Edge and NYSE-ARCA. The Disposition resulted in gross cash proceeds in the aggregate amount of C$21,729,504. Immediately prior to the Disposition, Barrick had beneficial ownership of, or control and direction over, 5,382,587 Shares, representing approximately 8.5% of [...]
Barrick Gold announced that it would spend $6 for every ounce of gold sold by its two mines in the country on improving healthcare, education, infrastructure and access to potable water in the communities around them. At the same time, it has committed up to $70 million for investment in value-adding national projects, including mining-related training, skills development and scientific facilities at Tanzanian [...]
Barrick Gold announced that it has completed an amendment and restatement of the company’s undrawn $3.0 billion revolving credit facility, including an extension of the termination date by one year to May 2027, replacement of LIBOR with SOFR as the floating rate mechanism related to the interest rate for any USD funds drawn down, and the establishment of sustainability-linked metrics. The sustainability-linked metrics [...]
Barrick Gold announced a $0.20 per share quarterly dividend, the first to include a $0.10 per share performance component in line with its new dividend policy. President and chief executive Mark Bristow said the Company's net cash balance at the end of Q1 stood at $743 million, reflecting cash flow from the operations, the continuing sale of non-core assets, and its share of a further $0.6 billion in cash distributions by [...]
Barrick Gold Corp. today announced the declaration of a dividend in respect of performance for the first quarter of 2022 that incorporates an enhancement to the base dividend as a result of achieving Level III under the Company's Performance Dividend Policy. Barrick's Board of Directors declared a dividend of $0.20 per share for the first quarter of 2022 that will be paid on June 15, 2022 to shareholders of record at the [...]
Barrick Gold Corp. - An overwhelming majority of shares voted at the meeting supported the three resolutions put to shareholders at Barrick Gold Corp.'s annual meeting today. Each of the eleven nominee directors listed in the Information Circular for the 2022 Annual Meeting of Shareholders was elected with at least 87% of the vote, the appointment of PricewaterhouseCoopers LLP as auditors received 88% of the vote and the [...]
Barrick Gold Corp. has an integrated approach to sustainability to address each of the Environmental, Social and Governance components concurrently, says group sustainability executive Grant Beringer in the company's 2021 Sustainability Report published today. "The challenges of fighting poverty, climate change and biodiversity loss are deeply connected and we have no option but to tackle them together, through a holistic [...]
Barrick Gold Corp. today reported preliminary Q1 sales of 1.0 million ounces of gold and 113 million pounds of copper, as well as preliminary Q1 production of 1.0 million ounces of gold and 101 million pounds of copper. As previously guided, Barrick's gold production in 2022 is expected to be the lowest in the first quarter increasing through the year, while copper production is expected to be higher in the second half of [...]
Nevada Gold Mines is investing in a 200 solar power plant designed to accelerate its decarbonization program in line with the Barrick Gold Corp.'s Greenhouse Gas Reduction Roadmap. NGM is majority owned and operated by Barrick . NGM today announced they are partnering with First Solar to manufacture all modules required to support the 200 megawatts construction, entirely in the United States. NGM has commenced detailed [...]
Barrick Gold Corp. - The groundbreaking partnership agreement between Barrick, the federal government of Pakistan and the provincial government of Balochistan should unlock the enormous value of Reko Diq, one of the world's largest undeveloped copper and gold deposits, president and chief executive Mark Bristow said today. Speaking on an investor call, Bristow said the project represented a unique mining opportunity [...]
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