Barrick Gold Corp. today announced preliminary full year and fourth quarter 2020 results which indicate that it has met its 2020 guidance targets. Preliminary gold production for the full year of 4.8 million ounces is at the midpoint of the 4.6 to 5.0 million ounce guidance range, while preliminary copper production of 457 million pounds is also [...]
Barrick will release its 2020 Q4 and full year results on Thursday, February 18, 2021. President and CEO Mark Bristow will host a virtual presentation on the results that day at 11:00 EST, with an interactive webinar linked to a conference call. Participants will be able to ask questions. The company will release its preliminary production, sales [...]
Barrick Gold Corp. has retained its listing in the prestigious Dow Jones Sustainability Index’s World Index, ranking in the 95th percentile of all mining companies assessed. This is the 13th consecutive year Barrick has been listed in the World Index, in which 2,500 companies are evaluated against governance, social performance, environmental [...]
Barrick Gold Corp. and AngloGold Ashanti Ltd. today concluded the sale of their interest in Morila Gold Limited, which owns 80% of the Morila gold mine in Mali, to Firefinch Limited for $28.8 million cash. The state of Mali continues to hold the remaining 20%. Noting that all Morila employees had been re-employed by Firefinch, Barrick president and [...]
Capturing the benefit of higher gold prices through agile management and operational efficiency, Barrick Gold Corp. increased its operating cash flow by 80% quarter-on-quarter to $1.9 billion and free cash flow1 by 151% to $1.3 billion in the third quarter of 2020 — a record level of quarterly free cash flow for the company. Net earnings per share [...]
Barrick Gold Corp. today announced that its Board of Directors has declared a dividend for the third quarter of 2020 of $0.09 per share, a 12.5% increase on the previous quarter’s dividend, payable on December 15, 2020, to shareholders of record at the close of business on November 30, 2020.1 Senior executive vice-president and chief financial [...]
Barrick Gold Corp. has appointed Anne Kabagambe to its Board of Directors as an independent director. Ms Kabagambe has 35 years of experience spanning a diverse range of senior leadership positions in international institutions. She is a former Executive Director of the World Bank Group where she served from 2016 to 2020, representing the interests [...]
FinancialNewsMedia.com News Commentary In uncertain economic times, investors tend to put their money in gold. So it's perhaps little surprise that gold prices started to rise at the beginning of the year as the coronavirus started spreading in China and Europe and investors feared a global economic downturn. Gold prices have soared so far this [...]
Barrick Gold Corp. today announced that Moody’s Investors Service has upgraded the senior unsecured ratings of Barrick and all rated subsidiaries to Baa1 from Baa2, with a Stable outlook. In a news release announcing the upgrade, Moody’s noted that Barrick’s liquidity is excellent, which provides significant flexibility to maneuver through gold [...]
Barrick Gold Corp.’s Loulo-Gounkoto complex remains on track to meet the upper end of its 2020 guidance in the face of multiple challenges including a military coup in Mali. Barrick president and chief executive Mark Bristow attributed this performance to the company’s long-established relationships with partners in Mali and its philosophy of [...]
Barely a year after it was established, Twiga Minerals Corporation has demonstrated the value-creating capacity of a true partnership between a mining company and its host nation, Barrick president and chief executive Mark Bristow said here today at a press briefing following his quarterly mine visits. Twiga is a joint venture between Barrick and [...]
Barrick Gold Corp.’s Kibali mine is on track to deliver at the upper end of its 2020 guidance, president and chief executive Mark Bristow said here today. Kibali was the first underground gold mine in the DRC and one of the largest in the world. It is a global leader in automation and continues to improve efficiency and productivity through ongoing [...]
