|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||15.93 - 16.13|
|52 Week Range||13.81 - 20.78|
|PE Ratio (TTM)||7.94|
|Forward Dividend & Yield||0.12 (0.75%)|
|1y Target Est||N/A|
TORONTO/LONDON (Reuters) - Barrick Gold (ABX.TO) said on Friday a proposed mining settlement it negotiated with Tanzania for its Acacia Mining (ACAA.L) unit was not under threat, even though Acacia said it could not immediately make a $300 million (227.43 million pounds) payment included in the deal. Barrick, which owns 63.9 percent of Acacia, announced on Thursday the deal whose terms include the payment, giving the state a 16-percent stake in its three mines, and splitting "economic benefits" from those operations with the government. Tanzania in March banned unprocessed mineral exports as part of a push to reap greater rewards from the east African country's resources.
(Recasts with Barrick statement, adds analyst and Barrick spokesman's comments, background, updates stock prices, changes byline) By Susan Taylor and Zandi Shabalala TORONTO/LONDON, Oct 20 (Reuters) - Barrick Gold said on Friday a proposed mining settlement it negotiated with Tanzania for its Acacia Mining unit was not under threat, even though Acacia said it could not immediately make a $300 million payment included in the deal. Barrick, which owns 63.9 percent of Acacia, announced on Thursday the deal whose terms include the payment, giving the state a 16-percent stake in its three mines, and splitting "economic benefits" from those operations with the government. Tanzania in March banned unprocessed mineral exports as part of a push to reap greater rewards from the east African country's resources.
Barrick Gold Corp. said its African subsidiary will make a $300 million payment to Tanzania as part of an deal to resolve tax and revenue sharing disputes and said it reached a new partnership agreement ...
Barrick Gold has agreed to cede 16 per cent of Acacia Mining's three mines in Tanzania to the state and pay $300m as the first steps towards settling a six-month dispute over its subsidiary's operations. ...
Barrick Gold (ABX.TO) will give Tanzania a 16 percent stake in three gold mines, a 50 percent share of revenues from those mines and a one-off payment of $300 million (£227.8 million) to resolve a dispute that has hit its operations in the country, the two sides said. The Canadian miner and the Tanzanian government have been in talks for months after the east African country banned the export of unprocessed minerals and enacted laws to raise state ownership of the nation's mines. President John Magufuli, nicknamed the Bulldozer, has said the government's approach was aimed at ending what he called years of corrupt practices and tax evasion that have robbed the country of revenue.
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BMO Capital Markets' Andrew Kaip and his team take a look at precious metals companies, writing that mega projects may not be able to solve all the group's problems at the moment, but they do look promising. ...
Barrick Gold (ABX) is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front.
Barrick Gold Corp. reported quarterly output declines at its major gold mines as expected, with the world’s top producer saying it remains on track for annual targets despite disruptions in Argentina and ...
London-listed gold miner Acacia Mining reported on Thursday a drop in production over the last three months, hit by work permit issues and reduced operations at its main Tanzanian mines. Acacia is caught up in a dispute with the Tanzanian government which banned the export of unprocessed minerals and enacted new laws to raise state ownership of the nation's mines. Its gold production in the three months to September fell 8.3 percent to 191,203 ounces compared with the previous quarter although sales were up 3 percent at 132,787 ounces, Acacia said in a brief update.
After logging a fourth-straight weekly loss, gold prices have regained ground on the back of escalating tensions between the United States and North Korea and a weaker dollar.
Along with analyst ratings, it's important to look at the recent changes to recommendations and target prices.
In addition to operating the plant, Air Products (APD) plans to install new oxygen plant process equipment and technology to help Barrick increase gold production and minimize emissions and operating costs