An intensive strategic review by executive teams from Barrick Gold Corp. and Nevada Gold Mines has confirmed the enormous geological prospectivity of the NGM properties and outlined the key development projects. Established in July 2019, the Barrick-operated joint venture is already the world's single largest gold mining complex, hosting three of [...]
Barrick Gold Corp. president and chief executive Mark Bristow today said the company mourned with the people of Tanzania at the loss of President John Magufuli, who passed away yesterday. Bristow described the late president as a visionary statesman who saw the value of a thriving mining sector to his country's economy and partnered with Barrick in [...]
The Prospectors & Developers Association of Canada's 2021 Convention-the world's premier mineral exploration and mining event-will mark its 89th anniversary with a virtual convention on March 8-11, 2021. "The PDAC Convention is a must attend event for the world's mineral exploration and mining industry," says PDAC President Felix Lee who is [...]
The Right Honourable Brian Mulroney, Chairman of Barrick's International Advisory Board, has issued the following statement: We at Barrick Gold Corp. are deeply saddened by the death of Vernon Jordan. One of America's leading civil rights leaders, Vernon served on the company's International Advisory Board since its inception over two decades ago [...]
Barrick Gold Corp. today released its annual reserve and resource declaration with its Q4 and year-end results to December 31, 2020. Attributable mineral reserves reflect a 76% replacement of depletion, with a consistent reserve grade maintained year-on-year, after adjustment for the disposal of Massawa. Similarly, excluding the impact of Massawa [...]
Barrick Gold Corp. reported today that it had met its production targets for 2020, thanks to a consistent operating performance across the group that demonstrated management's ability to manage the impact of the Covid-19 pandemic and other challenges. While cost of sales per ounce was impacted, total cash costs1 and AISC per ounce1 were contained [...]
Barrick Gold Corp. today announced it intends to propose to shareholders a return of capital distribution of approximately $0.42 per share1. Barrick also announced that its Board of Directors has declared a dividend for the fourth quarter of 2020 of $0.09 per share, payable on March 15, 2021, to shareholders of record at the close of business on [...]
Barrick Gold Corp. today announced it has reached an agreement to sell its 100% interest in the Lagunas Norte mine in Peru to Boroo Pte Ltd for a total consideration of up to $81 million, plus the assumption by Boroo of Barrick's closure liability relating to Lagunas Norte of $226 million backed by an existing $173 million bonding obligation. The [...]
Barrick Gold Corp.'s Loulo-Gounkoto mine complex delivered production of 680,215 ounces of gold in 2020, exceeding its full year guidance despite Covid-19 and other challenges1. At the same time, it improved its safety performance, reducing its Lost Time Injury Frequency Rate2 by more than half compared to 2019 and achieving a Lost Time Injury [...]
Barrick Gold Corp.'s Tongon mine produced a total of 284,863 ounces of gold in 2020, at the top end of its guidance for the year1, driven by strong plant throughput with runtime setting a record of 95.2% in October. This improved throughput, combined with cost-reduction initiatives, is expected to have a positive impact on per ounce costs compared [...]
The Barrick Gold operated Kibali Joint Venture in the DRC produced 808,134 ounces of gold in 2020, achieving the top-end of production guidance for the year1. This performance was driven by its underground operation which achieved record monthly and quarterly ore production in December and Q4 2020. Kibali is a world leader in automated underground [...]
The North Mara and Bulyanhulu gold mines both produced near the top end of their production guidance in 2020, their first full year under Barrick's management. Including Buzwagi, the Tanzanian assets delivered a combined output of 462,472 ounces for the year1. The mines have been successfully revived, with North Mara delivering significant [...]
