The Pueblo Viejo mine, operated by Barrick Gold Corp., paid $108 million in taxes and royalties this month to the Dominican government. This includes advance payment of income tax, net profit interest and royalties, including an advance payment of the royalty for the year 2021 estimated at $47 million. This is the fourth tax payment the mine has [...]
All amounts expressed in US dollars TORONTO, Oct. 15, 2020 -- Barrick Gold Corp. today reported preliminary third quarter sales of 1.25 million ounces of gold and 116 million pounds of copper, as well as preliminary third quarter production of 1.16 million ounces of gold and 103 million pounds of copper. Group gold production for the first nine [...]
Barrick Gold Corp. announced today that wholly-owned subsidiaries of Barrick and Bullfrog Gold Corp. have entered into a definitive purchase agreement pursuant to which Barrick will sell to BFGC all of Barrick’s mining claims, historical resources, permits, rights of way and water rights in the Bullfrog mine area. The transaction is expected to [...]
Twiga Minerals Corporation, the joint venture between the Tanzanian government and Barrick Gold Corp. , has paid a maiden interim cash dividend of $250 million in line with Barrick’s commitment to generate value for all stakeholders through the 50/50 partnership. Since Barrick took over the former Acacia Mining’s assets in Tanzania just over a year [...]
Barrick will release its Q3 2020 results on Thursday, November 5, 2020. President and CEO Mark Bristow will again 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 and cost [...]
In line with its strategy of focusing on Tier One assets, Barrick Gold Corp. has completed the recently announced transaction pursuant to which Skeena Resources Ltd. exercised its option to acquire the Eskay Creek project and Barrick waived its back-in right on the Eskay Creek project. As previously announced, consideration for the transaction [...]
Barrick Gold Corp. said today it accepted the Antofagasta Environmental Court’s decision to uphold the closure order and sanctions Chile’s environmental regulator imposed on Compa??a Minera Nevada, the Barrick subsidiary that holds the Chilean portion of the Pascua-Lama project. Barrick said the ruling drew a line under a legal process that started [...]
Barrick Gold Corp. and AngloGold Ashanti Ltd. have agreed to sell their 80% interest in the Morila gold mine in Mali to Mali Lithium Ltd. for cash consideration estimated at between $22 million and $27 million, depending on closing adjustments. The sale is subject to certain conditions, including the acknowledgement of the transaction by the state [...]
Barrick Gold Corp. said today its Loulo-Gounkoto mining complex had not been affected by the political situation in Mali and operations there were continuing as normal. The complex has an adequate inventory for its foreseeable requirements and management has taken steps to secure its supply lines. The company is monitoring the situation closely in [...]
At the year’s halfway mark, Barrick Gold Corp. was on track to achieve annual production within its 2020 guidance range, despite the impact of the Covid-19 pandemic, the company said today. Second quarter results show year-to-date gold production of 2.4 million ounces, at the mid-point of its 4.6 million to 5 million ounce annual guidance, driven [...]
Barrick Gold Corp. today announced that its Board of Directors has declared a dividend for the second quarter of 2020 of US $0.08 per share, a 14% increase on the previous quarter’s dividend, payable on September 15, 2020, to shareholders of record at the close of business on August 31, 2020.1 Senior executive vice-president and chief financial [...]
Barrick Gold Corp. today welcomed the launch of the Global Industry Standard on Tailings Management, developed through a year-and-a-half long review process involving the United Nations Environment Programme , Principles for Responsible Investment and the International Council on Mining and Minerals . The company, which participated in the process [...]
