Barrick Gold Corp. today reported its results for the first quarter of 2021, noting that with gold and copper production on plan, it was well positioned to achieve its annual guidance. Production in the latter half of the year is expected to be higher than the first, mainly due to mine sequencing at Nevada Gold Mines, the commissioning of the new leach pad facility at Veladero in Argentina, the ramp-up of underground [...]
Barrick Gold Corp. today announced that the first $250 million tranche of a return of capital distribution totaling $750 million will be paid on June 15, 2021 to shareholders of record at the close of business on May 28, 2021. In addition, Barrick announced that its Board of Directors has declared a dividend for the first quarter of 2021 of $0.09 per share, which will also be paid on June 15, 2021 to shareholders of [...]
At today's virtual annual and special meeting of Barrick Gold Corp. , the $750 million return of capital distribution proposed by the company's board was supported by over 99% of the shares voted at the meeting. This will be paid in three tranches in the course of 2021. More than 90% of the shares voted also approved resolutions on the election of directors and Barrick's approach to executive compensation, in what [...]
Barrick Gold Corp. confirmed today that it had referred a tax claim by the Senegalese Revenue Authority to the International Chamber of Commerce for arbitration after numerous attempts to resolve the issue with the government had failed. The SRA has levied an unaudited assessment totaling $208 million for taxes it claims arose from Barrick's sale of its interest in the Massawa project to Teranga Gold Corporation last [...]
- Barrick Gold Corp.'s giant Loulo-Gounkoto gold complex's third underground mine has reached its first mining level and is scheduled to start delivering ore tonnes to the plant during the current quarter, president and chief executive Mark Bristow told a media briefing here today. At the same time, a prefeasibility study has started on two more mines on the Loulo permit: an underground operation at Loulo 3 and a large [...]
- The Barrick Gold operated Kibali mine in the DRC produced 191,612 ounces of gold1 in the first quarter of 2021, keeping it on plan and on track to achieve its full year target, Barrick president and chief executive Mark Bristow told a media briefing here today. The mine's underground operation again drove production and continuing improvements in the plant's throughput and recovery rates also contributed to Kibali's [...]
Kibali Goldmines SA said today it had learned that SOKIMO SA was attempting for the second time to extort certain benefits from the company by filing new proceedings with the commercial court in Kinshasa. SOKIMO is a 10% shareholder in the Kibali gold mine which is operated by 45% owner Barrick Gold Corp. with the remaining 45% held by AngloGold Ashanti. Kibali said SOKIMO had withdrawn its first claim of this kind after [...]
Barrick Gold Corp. today reported preliminary Q1 sales of 1.09 million ounces of gold and 113 million pounds of copper, as well as preliminary Q1 production of 1.10 million ounces of gold and 93 million pounds of copper, in line with our plan. We remain on track to achieve 2021 guidance?. The average market price for gold in Q1 was $1,794 per ounce, while the average market price for copper in Q1 was $3.86 per pound. As [...]
- Barrick Gold Corp.'s ESG strategy delivered tangible results in 2020, including an update to its greenhouse gas emissions reduction target, said president and chief executive Mark Bristow in a virtual presentation to investors on sustainability today. The presentation was the first of its kind for Barrick and coincided with the publication of Barrick's 2020 Sustainability Report. Bristow said the company's ESG advances [...]
The Porgera gold mine is on track to resume operations later this year after the Papua New Guinea government and Barrick Niugini Limited agreed on a partnership for its future ownership and operation. Porgera has been on care and maintenance since April 2020 when the government declined to renew its special mining lease. Under the terms of a binding framework agreement signed here today by Governor General Sir Bob Dadae [...]
Barrick will release its Q1 2021 results on Wednesday, May 5, 2021. President and CEO Mark Bristow will host a virtual presentation on the results that day at 11:00 EDT, 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 Q1 2021 on April 15, 2021. Release of Q1 preliminary production, sales [...]
Barrick Gold Corp. is committed to being a good neighbour, a responsible corporate citizen and a conscientious caretaker of the environment. We believe these traits are the very foundation on which to build a modern mining company and are as important as geotechnical expertise and free cash flow, president and chief executive Mark Bristow says in the company's 2020 Sustainability Report, published today. Bristow said [...]
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