Barrick Gold Corp. today reported preliminary second quarter sales of 1.22 million ounces of gold and 123 million pounds of copper, as well as preliminary second quarter production of 1.15 million ounces of gold and 120 million pounds of copper. Group gold production for the first six months of 2020 was 2.4 million ounces, at the midpoint of the [...]
Barrick Gold Corp. announced that its subsidiary, Barrick Australia Pty Limited , an investor in the Porgera Mine, has given notice to Papua New Guinea that a dispute has arisen under the Bilateral Investment Treaty between PNG and Australia. Barrick PD asserts that the dispute arises out of the PNG Government’s decision not to extend the Porgera [...]
Barrick will release its Q2 2020 results on Monday, August 10, 2020. Due to the Covid-19 pandemic, president and CEO Mark Bristow will host an interactive webinar on the results at 11:00 EDT, instead of a live presentation. The webinar will be linked to a conference call. Participants will be able to ask questions. The company will release its [...]
Nevada Gold Mines , established a year ago today, has posted an exceptional performance in its first 12 months of operation, delivering real value to all its stakeholders, says Mark Bristow, president and chief executive of Barrick Gold Corp. . Barrick operates NGM, the world’s largest gold mining complex, and owns 61.5% of the business, with [...]
Barrick Gold Corp. today announced that it has sold 79,268,800 shares of Shandong Gold Mining Co., Ltd. , at a price of HK$20.50 per share for gross proceeds of approximately US$210 million. Barrick purchased the shares in the fourth quarter of 2018 at a cost basis of HK$10.50 per share. Barrick continues to hold 10,250,000 shares of Shandong Gold [...]
Barrick Gold Corp. has settled the majority of the North Mara legacy land claims and has paid the first tranche of the $300 million settlement it agreed with the Tanzanian government to resolve the disputes it inherited from Acacia Mining. President and chief executive Mark Bristow said these were landmark events that demonstrated the strength of [...]
Barrick Gold Corp. , owner and operator of the Lumwana copper mine, has donated 10 computers to the University of Zambia School of Mines and agreed to help repair the Kakayindu Police Post, in line with its commitment of creating long-term value for its host countries and communities. Established in 1973, the University of Zambia School of Mines [...]
Barrick Gold Corp. built on the solid foundation it laid last year with a robust first quarter performance from all operations in the face of the challenges presented by the global Covid-19 pandemic. Q1 gold production and costs were consistent with full year guidance; debt net of cash was reduced by a further 17% from the end of Q4 to $1.85 [...]
Barrick Gold Corp. today announced that its Board of Directors has declared a dividend for the first quarter of 2020 of US $0.07 per share, payable on June 15, 2020, to shareholders of record at the close of business on May 29, 2020.1 Senior executive vice-president and chief financial officer Graham Shuttleworth said that maintaining the dividend [...]
Barrick Gold Corp. announced that the nominees listed in the Information Circular for the 2020 Annual Meeting of Shareholders were elected as directors of Barrick. Detailed results of the vote for the election of directors, the appointment of auditors and the advisory resolution on executive compensation are set out below. Nominee Votes For % For [...]
In the first four months of 2020, Pueblo Viejo Dominicana Corporation, operator of the Pueblo Viejo gold mine, has paid $185 million in direct taxes and $9 million in indirect taxes to the Dominican Government. These payments include advances of income taxes, net profit interest and royalties on the sales of gold and silver paid in the first [...]
Barrick Niugini Limited , majority owner and operator of the Porgera gold mine in the Enga province of Papua New Guinea , said today the Government’s decision not to extend its Special Mining Lease was tantamount to nationalisation without due process and in violation of the Government’s legal obligations to BNL. BNL said it remained willing to [...]