Barrick Gold Corp. today announced it has reached an agreement to sell its 50 percent interest in Kalgoorlie Consolidated Gold Mines in Western Australia to Saracen Mineral Holdings Ltd. for a total consideration of $750 million in cash. "The sale of our non-operating interest in KCGM represents the first step in our plan to realize in excess of [...]
Barrick Gold Corp. today posted its third strong quarter in a row and said it was on track to deliver production at the higher end and costs at the lower end of its guidance ranges for the year. Q3 results show net earnings per share of $1.30, adjusted net earnings per share1 of $0.15, up 67% on Q2 on the back of a higher gold price, and debt net [...]
Barrick Gold Corp. today announced that its Board of Directors has declared a dividend for the third quarter of 2019 of $0.05 per share, a 25% increase on the previous quarter’s dividend, payable on December 16, 2019 to shareholders of record at the close of business on November 29, 2019.1 Senior Executive Vice-President and Chief Financial [...]
Operations at Hemlo are being modernized and refocused to secure the gold mine’s continued viability, Barrick Gold Corp. announced today. Several programs have been introduced to improve its performance and the next step will be to phase out the open pit operation and move to an underground contract mining model. The objective is to upgrade [...]
The successful two-decade partnership between the government of Mali and Randgold ) has made the gold mining industry one of the key drivers of the country’s economy, Barrick president and chief executive Mark Bristow said here today. Briefing local media on the Loulo-Gounkoto complex’s current performance, Bristow said Barrick was [...]
Barrick Gold Corp. The underground operation at Kibali Gold Mine set new mining and shaft production records in the third quarter to keep the Barrick Tier 1 gold mine on track to meet or beat its guidance of 750,000 ounces for the year1. Throughput and recovery for the quarter were at or above the nameplate level. Briefing local media here today [...]
The government of Tanzania and Barrick Gold Corp. have reached an agreement to settle all disputes between the GoT and the mining companies formerly operated by Acacia but now managed by Barrick. The final agreements have been submitted to the Tanzanian Attorney General for review and legalization. The terms of the agreement include the payment of [...]
Barrick Gold Corp. said today its full-year production was continuing to trend towards the upper end of the 5.1 to 5.6 million ounce guidance range while costs were likely to be at the lower end of the forecast. Commenting on the group’s preliminary production results for the third quarter, president and chief executive Mark Bristow said [...]
Barrick will release its third quarter results to end September 2019 on Wednesday, November 6, 2019. President and CEO Mark Bristow will host a live presentation on the results in London, UK, at 14:00 UTC / 09:00 EST on that day. The presentation will be linked to a webcast and conference call. Release of Quarter 3 preliminary production and sales [...]
The new Nevada Gold Mines complex is hosting a group of analysts for their first site visit since the formation of the Barrick / Newmont Goldcorp joint venture at the beginning of July. The complex represents the single largest gold producing operation in the world and includes three Tier 1 mines. In an announcement earlier this week, Barrick [...]
Barrick Gold Corp. today reported a new discovery hole about 2 kilometers from the best ever drilling intercept at its Fourmile project in Nevada and said this pointed to the delivery of at least one more Tier 1 gold mine through the combination of Fourmile with the nearby Goldrush development project. Barrick did not include Fourmile in the recent [...]
On 19 July 2019, the Boards of Acacia Mining plc and Barrick Gold Corp. announced that they had reached agreement on the terms of a recommended offer by Barrick for the ordinary share capital of Acacia that Barrick does not already own, to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. The [...]
