ABX.TO - Barrick Gold Corporation
| Previous Close | 17.15 |
| Open | 17.08 |
| Bid | 17.12 x 0 |
| Ask | 17.16 x 0 |
| Day's Range | 16.87 - 17.25 |
| 52 Week Range | 12.54 - 18.99 |
| Volume | 4,278,580 |
| Avg. Volume | 5,891,414 |
| Market Cap | 29.982B |
| Beta (3Y Monthly) | -0.42 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.32 |
| Earnings Date | Feb 12, 2019 - Feb 18, 2019 |
| Forward Dividend & Yield | 0.37 (2.18%) |
| Ex-Dividend Date | 2018-12-27 |
| 1y Target Est | 13.81 |
- GlobeNewswire•10 hours ago
Barrick Confirms Continuing Commitment to PNG Government and Porgera Community
On his first visit to Papua New Guinea as the new President and CEO of Barrick Gold Corporation (GOLD)(ABX.TO), 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 four-day visit, Bristow met with Deputy Prime Minister Charles Abel and representatives of the Porgera Landowners Association, including Chairman Mark Ekepa and member Dixon Pundi. Bristow also hosted a dinner for Enga Provincial Governor Sir Peter Ipatas, Minister for Foreign Affairs & Trade Rimbink Pato, Member of Parliament for Lagaip-Porgera, Tomait Kapili, and Member of Parliament for Wabag, Dr. Lino Tom.
Reuters•4 days agoGold rises as weak U.S. economic data drags dollar lower
U.S. gold futures settled down 0.1 percent at $1,313.9. "A lot of people think that gives the Fed more ammunition to not raise rates which is bullish for gold," said Michael Matousek, head trader at U.S. Global Investors. Gold prices have risen more than 12 percent since touching more than 1-1/2-year lows in mid-August, mostly on expectations of a pause in interest rate hikes.
Bloomberg•4 days agoBarrick Gold Faces Challenges to Develop Latin America Mines
Barrick’s main project, the Veladero joint venture with Shandong Gold in Argentina, isn’t performing like a tier one asset, Mark Bristow said on Wednesday. In 2019, Veladero is expected to have the highest cost per ounce in Barrick’s portfolio. “Every one of those projects, if you bring them to account, they are very high capital,” Bristow said of the Latin America ventures during an interview from the sidelines of Barrick’s fourth-quarter analyst meeting in Toronto.
Motley Fool•5 days agoBarrick Gold Corp (ABX) Q4 2018 Earnings Conference Call Transcript
ABX earnings call for the period ending December 31, 2018.
- The Wall Street Journal•5 days ago
[$$] New Barrick Gold CEO Discusses Possibilities for Miner
Barrick Gold favors a partnership with rival Newmont Mining to combine ore processing operations at some gold mines in Nevada, Barrick CEO Mark Bristow said in an interview.
- Bloomberg•5 days ago
Barrick CEO Says Cuts to Take Miner Beyond Thornton’s Path
“John really drove this business on multiple fronts, but his primary focus was the debt,” Barrick CEO Bristow said Wednesday in an interview at Bloomberg’s Toronto office, referring to the miner’s executive chairman, John Thornton. Last year, Barrick backed away from a goal, announced in 2016, of reducing all-in sustaining costs to $700 an ounce, citing inflation and falling production as headwinds. Now that Barrick has completed its $5.4 billion merger with Randgold Resources Ltd., Bristow said there is “every indication” that the new company’s costs can move toward that goal.
Reuters•5 days agoBarrick sets bullish 2019 gold output target after Randgold deal
Barrick Gold Corp on Wednesday forecast a double-digit jump in gold output this year, underscoring the growth potential of the world's largest publicly traded bullion producer after it bought rival Randgold Resources last month. Shares of Barrick fell 2.6 percent to $17.26 in morning trading. Barrick, which spent $6.1 billion on the Randgold deal, has formed new management teams, cut administrative costs and begun to spend more on geology and other mine services, part of new Chief Executive Mark Bristow's plan to set the combined company firmly apart from peers.
- Reuters•5 days ago
CANADA STOCKS-Healthcare, energy shares drive gains on TSX
Canada's main stock index rose on Wednesday, led by gains in healthcare stocks and the energy sector, which was supported by higher crude prices. * At 9:36 a.m. ET , the Toronto Stock Exchange's S&P/TSX ...
- Associated Press•5 days ago
Barrick Gold: 4Q Earnings Snapshot
TORONTO (AP) _ Barrick Gold Corp. (GOLD) on Wednesday reported a loss of $1.2 billion in its fourth quarter. On a per-share basis, the Toronto-based company said it had a loss of $1.02. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 6 cents per share.
- The Wall Street Journal•5 days ago
[$$] Barrick's Loss Widens on Impairments
Barrick Gold’s net loss widened in the fourth quarter as it recorded impairments and saw sales fell amid weaker gold production and selling prices.
- Bloomberg•5 days ago
New Barrick Gold Sees Costs Higher This Year Than Before Merger
The cost guidance “primarily reflects the planned completion of mining at the comparatively high-grade, low-cost Cortez Hills open pit in the first half of the year,” Barrick said Wednesday in a statement, referring to one its operations in Nevada. The Toronto-based miner provided the first nitty-gritty glimpse of what production and costs are expected to look like for the combined company. Last year, Barrick backed away from a $700 goal announced in 2016, citing inflation and falling production as headwinds.
- Reuters•5 days ago
Barrick's quarterly loss widens on impairment charge, rising costs
Barrick Gold Corp, the world's largest publicly traded gold producer, said on Wednesday its quarterly loss widened due in part to an impairment charge and rise in production costs. The company, which closed ...
- GlobeNewswire•5 days ago
Restructured Barrick Picks Up Speed as New Executive Teams Get Down to Business
Barely six weeks after its merger with Randgold, Barrick (GOLD)(ABX.TO) is making good progress in achieving its short-term priority goals as well as its full year objectives, president and CEO Mark Bristow said here today. Bristow, who has already visited most of the group’s operations in the Americas, some of them twice, said one of his first priorities had been to establish regional executive teams for North America, Latin America, and Africa and the Middle East. During 2019, the reserves and resources of newly-acquired Randgold will be combined with Barrick’s on the basis of common calculation criteria, and will be reported on that basis at the end of the year.
- GlobeNewswire•5 days ago
Randgold Bows Out on a High Note Before Its Merger with Barrick
All financial numbers are in US dollars ($) unless otherwise stated On 22 January 2019, Randgold Resources Limited (‘Randgold’) changed its name to Barrick Gold (Holdings).
- GlobeNewswire•5 days ago
Barrick Reports 2018 Full Year and Fourth Quarter Results
All amounts expressed in U.S. dollars unless otherwise indicated Completed transformational merger with Randgold Resources Limited to create industry-leading gold company,.
- Financial Times•6 days ago
[$$] Barrick Gold reports loss of $1.2bn in quarter before Randgold merger
, the world’s largest gold miner, said it made a net loss of $1.2bn in the fourth quarter of 2018 before its merger with London rival Randgold Resources. The Canadian miner said the loss was due to a $900m impairment charge relating to its Veladero and Lagunas Norte mines in South America, as well as reduced gold output at Acacia Mining, which remains locked in a dispute with the government of Tanzania. The results highlight some of the motivation behind the merger with Randgold, which was orchestrated by Barrick’s executive chairman John Thornton.
- Reuters•7 days ago
Tanzania row overshadows Acacia's upbeat output, cost figures
Acacia Mining beat forecasts on Monday with figures for its production and costs in 2018 that lifted the gold miner back into profit, but the company is still grappling with a long-running tax dispute in Tanzania where it operates all its mines. Shares in Acacia, majority owned by Barrick Gold Corp , were steady while the rest of the market rose, finding little impetus despite reporting gold output of 521,980 ounces at a cost of $905 per ounce. "Financials for Acacia remain somewhat of a sideshow due to the ongoing negotiations between parent Barrick and the government of Tanzania," said RBC analyst James Bell.
- Financial Times•7 days ago
[$$] Acacia returns to profit despite Tanzanian tax dispute
with the Tanzanian government were moving “in the right direction”. Revenues fell 12 per cent as a result of lower gold sales. Acacia’s three mines are all in north-west Tanzania and it is the country’s leading gold producer.
- CNBC•10 days ago
Cramer's game plan: Next week's action hinges on US-China trade
Jim Cramer eyes the week ahead and says developments in U.S.-China trade talks will drive most of the stock market's moves.
- CNBC•10 days ago
Cramer's game plan: Next week's action hinges on US-China trade
CNBC's Jim Cramer eyes the week ahead, which will feature earnings reports from Cisco, Coca-Cola and more. Developments in U.S.-China trade talks will drive most of the stock market's moves, Cramer says. The week marks the beginning of the end of a wild earnings season, says the "Mad Money" host.
- Reuters•11 days ago
Cannabis craze weeds out junior mining field
Other jurisdictions are following suit or liberalising their laws on medical or health use, creating an industry that has lured a breed of high-risk, high-return investors. The world's top three listed cannabis companies - Canopy Growth, Tilray and Aurora Cannabis - have a combined market value of around $30 billion. In Africa, where miners met this week for Cape Town's African Mining Indaba conference, cannabis companies are setting up projects in Lesotho, while other countries, including Zimbabwe and South Africa, plan to issue licences.
Bloomberg•12 days agoSibanye Sees Potential for Buying South African Gold Assets
Sibanye Gold Ltd. hasn’t discussed deals, but AngloGold Ashanti Ltd.’s Mponeng mine and Gold Fields Ltd.’s troubled South Deep operation would both fit into the company’s portfolio, Chief Executive Officer Neal Froneman said in an interview in Cape Town. The mega deals forged by the world’s biggest gold producers, Newmont Mining Corp. and Barrick Gold Corp., have switched the spotlight onto the strategy pursued by No. 3 AngloGold.
- Bloomberg•13 days ago
`Let's Talk,' Ramaphosa Tells Producers: Africa Mining Update
Tailings dams are also in the spotlight, after Vale SA’s disaster in Brazil. Highlights from Tuesday:AngloGold’s CEO suggested the company may provide an update on plans to streamline its assets when it reports annual results this month.Barrick chief Mark Bristow said the industry needs to change its mindset on “instant gratification.” Anglo Platinum’s CEO predicted palladium will remain in deficit for 10 to 15 years. South African President Cyril Ramaphosa emphasized support for the mining sector and said he wants to avoid a return to strained relations between the government and industry.
Reuters•13 days agoGold deal rush sweeps by broader mining sector
CAPE TOWN/LONDON (Reuters) - The wave of consolidation sweeping the gold mining sector is for now passing the wider sector by as diversified majors have delivered returns to keep shareholders happy and investors are wary of repeating past mistakes, executives said. Newmont Mining Corp said in January it would buy Goldcorp Inc, for $10 billion (8 billion pounds), creating the world's biggest gold producer. The merger following Barrick Gold Corp's agreement in September to buy Randgold Resources Ltd in a deal valued at $6.1 billion.
