Barrick will release its Q3 2024 results on Thursday, November 7, 2024. President and CEO Mark Bristow will host a live presentation of the results that day in London, UK, at 11:00 EST / 16:00 UTC, 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 2024 on October 16, 2024. Release of Q3 [...]
Barrick Gold Corp. - Very significant near-mine discoveries within trucking distance of the plant are poised to keep growing Kibali, Africa's largest gold mine, well into the future, says Barrick president and chief executive Mark Bristow. The company is also consolidating new prospective grounds for both gold and copper to expand its footprint in the DRC. Speaking to media and local stakeholders here, Bristow said the [...]
The Twiga partnership between Barrick Gold Corp. and the Tanzanian government is contributing 51% of the government's revenue from the extractive industry, according to the latest report of the Tanzania Extractive Industry Transparency Initiative. Twiga comprises the North Mara and Bulyanhulu gold mines. Both mines also led the industry's safety performance, with Bulyanhulu winning this year's Occupational Safety and [...]
Barrick Gold Corp. - The development of a Super Pit at Barrick's Lumwana copper mine was officially launched today by the Zambian President, His Excellency Hakainde Hichilema, accompanied by members of his cabinet. The feasibility study for the Super Pit Expansion is expected by the end of the year, paving the way for construction to start in 2025. Once completed, the $2 billion project1,4 unlocks the potential to [...]
Barrick Gold Corp. and the government of Mali have agreed to find a global resolution to the existing claims and disputes between the government and Barrick's Loulo and Gounkoto gold mining companies. Details of the agreement, based in essence on Barrick's original proposals, will be made public once the terms of the settlement have been finalized. Barrick president and chief executive Mark Bristow said the company's [...]
Barrick Gold Corp. - New Porgera Limited said today it is working with the United Nations and Enga Provincial Government as part of an ad hoc crisis committee to assist with humanitarian aid to the conflict-ridden Porgera Valley in Papua New Guinea's Enga Province. Following the committee's first meeting this Tuesday, it was agreed that a donor assessment team would travel to Porgera to make a first-hand assessment of the [...]
Barrick Gold Corp. - Barrick is projecting a 30% growth in the production of gold-equivalent ounces from its existing assets by the end of this decade1 while it continues to unlock the value embedded in its portfolio, says president and chief executive Mark Bristow. Speaking at the Gold Forum Americas, Bristow said while Barrick was alert to potentially value-accretive opportunities generated by the consolidation of the [...]
Barrick Gold Corp. - The feasibility study for the expansion of Barrick's Lumwana mine in Zambia is expected to be completed by the end of the year, paving the way for construction to start in 2025 the company said today. Speaking during a webinar focused on updating the market on the Lumwana Super Pit Expansion Project, Barrick president and chief executive Mark Bristow said the expansion unlocks the potential to [...]
Barrick Gold Corp. today reported increased earnings and production for its second quarter, in line with guidance, and said the Company was on track for a strong second half of the year. Net earnings1 were up 25% and the attributable EBITDA margin2 was up 17% quarter on quarter to 48% with strong operating cash flows of $1.16 billion and a material increase in free cash flow3 to $340 million. Net earnings per share were [...]
Barrick Gold Corp. today announced the declaration of a dividend of $0.10 per share for the second quarter of 2024. The dividend is consistent with the Company's Performance Dividend Policy announced at the start of 2022. The Q2 2024 dividend will be paid on September 16, 2024 to shareholders of record at the close of business on August 30, 2024. In addition to the dividend, Barrick repurchased 2.95 million shares during [...]
Barrick Gold Corp. - Given its importance to the economies of many developing countries and the proximity of its activities to people and natural habitats, the mining sector is uniquely placed to support the United Nations' Sustainable Development Goals , said Barrick president and chief executive Mark Bristow at the Company's fourth annual sustainability update today. Presenting Barrick's recently published [...]
Barrick Gold Corp. - Despite the operational challenges presented by the recent Mulitaka landslide, Porgera Gold Mine has met or exceeded its targets since resuming mining in December last year, with gold production for the first half of the year above guidance and all-in sustaining costs trending lower. Barrick president and chief executive Mark Bristow, who is in the country to review New Porgera Limited's second [...]
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