Barrick Gold Corp. announced today that following the August 24, 2023 closing of a private placement of units by Cascadia Minerals Ltd. , Barrick's 2,788,696 common shares of Cascadia represent approximately 7.6% of Cascadia's outstanding common shares. Barrick did not acquire any securities in the Private Placement and, as a result of the Private Placement, Barrick has ceased to be an insider of Cascadia pursuant to [...]
Barrick Gold Corp. is on target to meet its gold and copper production guidance for 2023 and continues to advance major projects which will drive value delivery in the long term through organic growth, president and chief executive Mark Bristow said today. Commenting on the company's Q2 results, Bristow said improved performances from the Carlin complex in Nevada, the Kibali gold mine in the Democratic Republic of Congo [...]
Barrick Gold Corp. today announced the declaration of a dividend of $0.10 per share for the second quarter of 2023. The dividend is consistent with the Company's Performance Dividend Policy announced at the start of 2022. The Q2 2023 dividend will be paid on September 15, 2023 to shareholders of record at the close of business on August 31, 2023. "As a result of the continuing overall strength of our business and balance [...]
Barrick Gold Corp. today published site-level tailings storage facility disclosures, in accordance with Principle 15 of the of the Global Industry Standard on Tailings Management . Group sustainability executive Grant Beringer said: "Barrick is making these disclosures to provide public access to information about our tailings facilities in line with our commitment to transparency." As a member of the International [...]
Barrick Gold Corp. is aiming to restart operations at the Porgera gold mine later this year, president and chief executive Mark Bristow says. This follows the Security Forum and the opening of the Development Forum on July 20, a precondition for the granting of a special mining lease, by the Minister of Mining, the Hon Sir Ano Pala, at an event attended by the Prime Minister, the Hon James Marape, the Governor of Enga [...]
Barrick Gold Corp. president and chief executive Mark Bristow says with the updated feasibility study on the giant Reko Diq copper-gold project making rapid progress, the company is aiming to start production in 2028. Speaking at the inaugural session of Pakistan's first Minerals Summit, Bristow said the signing of the New Reko Diq agreement last year was a landmark event in the development of a mining industry in [...]
Barrick Gold Corp. - The Barrick operated Pueblo Viejo mine continues to advance the engineering design for the El Naranjo tailings storage facility project which will extend its life to 2040 and beyond, president and chief executive Mark Bristow said here today1. The plant expansion and associated new TSF is designed to sustain gold production above 800koz per year going forward1. Speaking at a local media briefing [...]
Barrick Gold Corp. - Effective and equitable socio-economic development worldwide would not be possible without the transformative contribution of responsible mining, Barrick president and chief executive Mark Bristow said today. Speaking at the group's third annual Sustainability Update, Bristow said Barrick's sustainability strategy was geared to the United Nations' Sustainable Development Goals , and in line with its [...]
Barrick Gold Corp. announced today that on July 12, 2023 it received 2,788,696 common shares of Cascadia Minerals Ltd. as partial consideration for the acquisition by Hecla Mining Company of all of the common shares of ATAC Resources Ltd. pursuant to the previously announced plan of arrangement among Hecla, Alexco Resource Corp. and ATAC . The Cascadia common shares owned by Barrick represent approximately 10.1% of [...]
Barrick Gold Corp. today reported preliminary Q2 sales of 1.00 million ounces of gold and 101 million pounds of copper, as well as preliminary Q2 production of 1.01 million ounces of gold and 107 million pounds of copper. As previously guided, Barrick's gold and copper production in 2023 is expected to increase through the year with the second half being higher than the first six months of 2023. The Company remains on [...]
Barrick Gold Corp. - Twiga Minerals, the joint venture between the Tanzanian government and Barrick Gold Corp., has revitalized the country's gold mining industry through a partnership that should serve as a model for similar operations, particularly in developing regions, Barrick president and chief executive Mark Bristow said today. Briefing media at a mine visit, Bristow said in 2019 when Barrick took control over [...]
Barrick Gold Corp. - Barrick's drive to transform the Lumwana copper mine into a Tier One1 asset with a life extending beyond 2060 is picking up speed with a strong performance in the past quarter adding impetus to its continuing production ramp-up. Briefing media at a site visit here today, Barrick president and chief executive Mark Bristow said the mine's full potential was only now being revealed. Additional expansion [...]