Barrick Gold Corp. announced today that it has agreed to subscribe for 21,265,370 units of Hercules Silver Corp. in a non-brokered private placement at a price of $1.10 per Unit, for total consideration of $23,391,907. Each Unit is comprised of one common share and 0.32 of a common share purchase warrant, where each whole warrant will entitle the holder for a period of two years to acquire one Hercules common share at a [...]
Barrick Gold Corp. - Barrick's Q3 results showed improved production at lower costs and confirmed its long term growth forecast. President and chief executive Mark Bristow said the Q3 performance was an improvement on the previous quarter's and Q4 is expected to be better. Despite the projected second half improvement, gold production is forecast to be marginally below the low end of our annual guidance range. Copper is [...]
Barrick Gold Corp. today announced the declaration of a dividend of $0.10 per share for the third quarter of 2023. The dividend is consistent with the Company's Performance Dividend Policy announced at the start of 2022. The Q3 2023 dividend will be paid on December 15, 2023 to shareholders of record at the close of business on November 30, 2023. "The continuing strength of our business and our balance sheet allows us to [...]
Barrick Gold Corp. - Governor General Sir Bob Dabae today granted a special mining lease to New Porgera Limited , clearing the way for Barrick Gold Corp. to restart production at the gold mine, which has been on care and maintenance for three years.1 This follows the signing of a mining development contract and the conclusion of a fiscal stability agreement for New Porgera between the government and NPL. NPL will meet the [...]
Barrick Gold Corp. today reported preliminary Q3 sales of 1.03 million ounces of gold and 101 million pounds of copper, as well as preliminary Q3 production of 1.04 million ounces of gold and 112 million pounds of copper. Q3 production was higher than Q2, although lower than previous plans for the quarter, especially at Pueblo Viejo where equipment design deficiencies contributed to the delayed ramp up of the expansion [...]
Barrick Gold Corp. - The Loulo-Gounkoto complex is set to maintain its status as one of the world's Top 10 gold producers as it stays on track to meet this year's guidance and continues to replace the reserves depleted by mining, Barrick president and chief executive Mark Bristow said here today. Briefing local journalists, he noted that in the 26 years Barrick had been in the country, it had worked tirelessly with [...]
Barrick Gold Corp. - The planned third-quarter ramp-up at Kibali, Africa's largest gold mine, has positioned it strongly to achieve its production guidance for the year, maintaining Barrick's track record of delivery in the Democratic Republic of Congo. Speaking to journalists here, president and chief executive Mark Bristow said Kibali was also well on its way to again replace the ounces mined during the year, with [...]
Barrick Gold Corp. will release its Q3 2023 results on Thursday, November 2, 2023. President and CEO Mark Bristow will host a live presentation of the results that day in London at 11:00 EDT / 15:00 GMT, 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 information for Q3 2023 on October 12, 2023. Release [...]
Barrick Gold Corp. - Barrick's transformation of its Lumwana mine into a world-class producer will provide strong impetus for the government's thrust to revive the country's copper industry, president and chief executive Mark Bristow said yesterday after a meeting with Zambian President Hakainde Hichilema. Barrick is investing almost $2 billion in an expansion project designed to increase Lumwana's annual production to an [...]
Barrick Gold Corp. and the Tanzanian government are demonstrating how mining can be an enormous force for good when miners and their host governments work together to create sustainable value for all stakeholders, says president and chief executive Mark Bristow. Speaking to media here today, Bristow said Barrick's pioneering Twiga partnership with the government, which equally shares the economic benefits generated by the [...]
Barrick Gold Corp. today welcomed Nevada Governor Joe Lombardo and members of his economic team as part of the governor's two-day trade mission to Canada. Canada is Nevada's largest trading partner and Barrick is the largest Canadian company operating in Nevada through Nevada Gold Mines , the world's biggest gold mining complex. Barrick is one of the highest taxpayers in the state, as well as one of Nevada's biggest [...]
Barrick Gold Corp. is projecting a 30% increase in production on the back of the growth options embedded in its asset portfolio,1 president and chief executive Mark Bristow told the Gold Forum Americas here today. Bristow said the clean energy transition is creating an unprecedented demand for metals and minerals but the market's demand for instant gratification is driving M&A, which is not always conducive to investment [...]
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