Gold has been off to a strong start this year, surging about 40% since Jan, and according to Goldman Sachs, this momentum is likely to continue through the year. Having broken through the $2,900 barrier for the first time earlier last month, the price of the precious metal is predicted to top at least $3,100 per ounce by the end of 2025, driven by a number of factors. For starters, US President Donald Trump's decision to [...]
Barrick Gold Corp. today announced that it has filed technical reports for each of the Reko Diq Project and the Lumwana Expansion Project in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects. The technical reports are available on SEDAR+ at www.sedarplus.ca, EDGAR at www.sec.gov and on the Company's website. Enquiries Investor and Media Relations Kathy du Plessis +44 20 7557 7738 [...]
Barrick Gold Corp. delivered a strong performance in Q4, increasing gold production by 15% and copper production by 33% over Q3 to meet its annual guidance for the year. Additionally, gold cost of sales1 and total cash costs2 for the quarter were reduced by 3% and 5%, respectively. The results for the year, released today, report a 69% increase in net earnings to $2.14 billion, a 51% increase in adjusted net earnings3 to [...]
Barrick Gold Corp. announced today that it plans to undertake a new share repurchase program for the buyback of its common shares. Barrick's Board of Directors has authorized a new program for the repurchase of up to $1.0 billion of the Company's outstanding common shares over the next 12 months at prevailing market prices in accordance with applicable law. In connection with the new share repurchase program, Barrick has [...]
Barrick Gold announced the declaration of a dividend of $0.10 per share for the fourth quarter of 2024. The dividend is consistent with the Company's Performance Dividend Policy announced at the start of 2022. The Q4 2024 dividend will be paid on March 17, 2025 to shareholders of record at the close of business on Feb 28, 2025. In addition to the quarterly dividends, Barrick repurchased 28.675 million shares during the [...]
Barrick Gold Corp. grew attributable proven and probable gold mineral reserves by 17.4 million ounces4 before 2024 depletion. Attributable proven and probable mineral reserves now stand at 89 million ounces at 0.99g/t2, increasing from 77 million ounces at 1.65g/t3 in 2023. The year-on-year change was led by the conversion of Reko Diq copper-gold resources to mineral reserves, adding 13 million ounces of gold at 0.28g/t2 [...]
Barrick Gold Corp. - Barrick's Kibali gold mine achieved an improved performance in the last quarter of the year, culminating in the highest yearly throughput since its commissioning. This milestone underscores the mine's continued focus on operational excellence and its capacity to deliver strong results. Barrick chief operating officer for Africa and the Middle East, Sebastiaan Bock, said: "2024 was a challenging year [...]
Barrick Gold Corp. has reaffirmed its commitment to Zambia's economic growth, contributing over $3.7 billion since 2019. In 2024 alone, Lumwana's operations contributed $887 million to the economy through royalties, taxes, salaries and procurement of goods and services, solidifying its position as one of the nation's top five taxpayers. Copper production for 2024 was within guidance, supported by investments in operator [...]
S&P Dow Jones Indices announces the following index changes as a result of the annual S&P/TSX Canadian Dividend Aristocrats Index review. These changes will be effective prior to the open of trading on Monday, February 3, 2025. S&P/TSX Canadian Dividend Aristocrats Index - February 3, 2025 Symbol COMPANY ADDED ALA AltaGas Ltd. ADDED EFN Element Fleet Management Corp. ADDED GEI Gibson Energy Inc. ADDED TA TransAlta [...]
Barrick Gold Corp. has injected over $4.24 billion into the Tanzanian economy since establishing the Twiga joint venture with the government in 2019, contributing $888 million in 2024 alone. Twiga comprises the North Mara and Bulyanhulu gold mines. At a media briefing here today, Barrick president and chief executive Mark Bristow said the Twiga partnership remained a leader in Tanzania's extractive industry, creating [...]
Barrick Gold Corp. will release its Q4 2024 results on Wednesday, February 12, 2025. President and CEO Mark Bristow will host a live presentation of the results that day at 11:00 EST, with an interactive webinar linked to a conference call. Participants will be able to ask questions. Q4 RESULTS ANNOUNCEMENT Q4 Results release February 12, 6:00 EST / 11:00 UTC Q4 Results live presentation and webinar February 12, 11:00 EST [...]
Barrick Gold Corp. today confirmed that the company remains restricted from shipping gold from the Loulo-Gounkoto mining complex in Mali. Additionally, the interim attachment order on the gold has now been executed by the Malian government by moving the existing gold stock from the site to a custodial bank, further preventing the shipment and sale of the gold. As a result, Barrick has regrettably initiated the temporary [...]
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