All amounts expressed in U.S. dollars Barrick Gold Corp. is reviewing a range of new exploration opportunities and re-evaluating its existing operations and projects in Chile, the Company’s new president and chief executive officer Mark Bristow said here today. Speaking after a meeting with Minister of Mining Baldo Prokurica, Bristow said [...]
All amounts expressed in U.S. dollars Barrick Gold Corp. today announced that the Company, in its capacity as a facilitator, and the Government of Tanzania have arrived at a proposal that sets forth the commercial terms to resolve outstanding disputes concerning Acacia Mining plc’s operations in Tanzania. The Company will present this [...]
On his first visit to Papua New Guinea as the new President and CEO of Barrick Gold Corp. , Mark Bristow said the global mining group is committed to strengthening the Company’s partnership with the government and local communities, which has enabled the Porgera gold mine to deliver substantial benefits to PNG for almost 30 years. During his [...]
Barely six weeks after its merger with Randgold, Barrick is making good progress in achieving its short-term priority goals as well as its full year objectives, president and CEO Mark Bristow said here today. The ringing of the opening bell at the NYSE heralded the beginning of trading in the shares of the new company and was performed by [...]
All financial numbers are in US dollars unless otherwise stated On 22 January 2019, Randgold Resources Ltd. changed its name to Barrick Gold Limited, following the merger with Barrick Gold Corp. on 1 January 2019, however for the ease of understanding, we continue to refer to the company as Randgold in this report. Randgold had 95.2 million shares [...]
All amounts expressed in U.S. dollars unless otherwise indicated Completed transformational merger with Randgold Resources Ltd. to create industry-leading gold company, effective January 1, 2019. Generated annual revenues of $7.24 billion, net cash provided by operating activities of $1.77 billion, and free cash flow1 of $365 million. Increased [...]
All amounts expressed in U.S. dollars unless otherwise indicated Barrick Gold Corp. announced today that it has entered into a Strategic Alliance Agreement with Reunion Gold Corp. to form a 50-50 alliance to jointly explore for, develop and mine certain mineral projects in the Guiana Shield, including Guyana, Suriname, French Guiana and the North [...]
All amounts expressed in U.S. dollars unless otherwise indicated Barrick Gold Corp. announced today that it has entered into a Strategic Alliance Agreement with Reunion Gold Corp. to form a 50-50 alliance to jointly explore for, develop and mine certain mineral projects in the Guiana Shield, including Guyana, Suriname, French Guiana and the North [...]
All amounts expressed in U.S. dollars The Kibali gold mine produced 807,2511 ounces of gold in 2018, above its target of 750,000 ounces and 35% higher than its output the previous year. This was achieved on the back of the successful ramp-up in underground production and a steady improvement in the processing plant recovery and throughput. Barrick [...]
All amounts expressed in U.S. dollars ABIDJAN, Côte d’Ivoire, Jan. 24, 2019 -- After nine months of intermittent production caused by illegal strikes and social unrest, the Tongon gold mine returned to normal in the last quarter of 2018 and achieved its revised production target of 230,000 ounces for the year. Speaking at a media [...]
The Loulo-Gounkoto complex in Mali posted a fourth consecutive quarterly improvement in gold production, despite an illegal work stoppage that caused it to miss its full year production guidance of 690,000 ounces by four percent. In addition to this, 2018 was a record throughput year of more than five million tonnes at close to the complex’s [...]
All amounts expressed in U.S. dollars Today Barrick Gold Corp. announced preliminary full year gold production of 4.53 million ounces for 2018, in line with the Company’s guidance of 4.5-5.0 million ounces, and preliminary full year gold sales of 4.54 million ounces. Preliminary fourth quarter gold production was 1.26 million ounces, and [...]