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Perth Mint Physical Gold ETF (AAAU) launched on the NYSE this week. Richard Hayes, the Perth Mint CEO, joins Seana Smith on 'The Ticker' to discuss the investment opportunities in gold.
TORONTO, ON / ACCESSWIRE / August 16, 2019 / Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) FORM 8 (DD) PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS ...
The price of gold rose continues its rise, surpassing the $1,500-an-ounce mark earlier this month. Barrick Gold stock gained early Monday morning after reporting second-quarter earnings. Adjusted earnings and revenue met Wall Street’s expectations, and the company said it expects full-year gold production in the upper end of its prior outlook.
(Bloomberg) -- Eight months into his job, Barrick Gold Corp. CEO Mark Bristow is shopping, selling and negotiating his way through a complex portfolio of assets in a massive retrofit of the global miner.The chief executive officer of the world’s second-largest gold producer is pushing ahead with plans to sell about $1.5 billion in assets by the end of next year, while looking to buy more top-tier gold projects, in Canada and elsewhere, and invest in copper assets.After reporting positive second-quarter earnings, Bristow also flagged the possibility Newmont Goldcorp Corp., its partner in the Kalgoorlie open-pit gold mine, may be swayed to join Barrick in selling the entire Australian asset.“KCGM is for sale, straight up, we put the sign out,” Bristow said of its 50% stake in Kalgoorlie after Barrick released its second-quarter earnings statement. “Gary said to me, depending on the price he’ll sell it, buy it or partner it,” Bristow said, referring to Newmont CEO Gary Goldberg.“We would consider transactions to consolidate or divest our interest in KCGM under the right valuation terms,” Omar Jabara, a spokesman for Newmont, said by email. “Beyond that we are not able to speculate.”‘No Shortage’Goldberg has said he’d be interested in buying Barrick’s half of Kalgoorlie at the right price. During Monday’s interview, Bristow said Northern Star Resources Ltd. is “one of the front-runners” among companies that have expressed interest in Barrick’s stake.“We’ve got no shortage of interest in that asset -- it’s an icon in the gold industry,” Bristow said in an interview Monday, referring to Kalgoorlie. Barrick has engaged with Goldberg and “he needs to decide,” Bristow said.Barrick shares climbed as much as 2.9% in New York trading Monday after reporting that second-quarter revenue climbed 21% and costs this year will be at the lower end of forecasts. The company’s shares later closed 0.9% lower, trimming this year’s gain to 33%, still almost double the pace of bullion.Among countries targeted for deals, Barrick is keen to buy more mines in Canada and is actively looking for opportunities. “We’re under-invested in Canada: watch this space,” he said. “We don’t want to buy companies; we’re after assets.”To contact the reporters on this story: Danielle Bochove in Toronto at firstname.lastname@example.org;Vinicy Chan in Hong Kong at email@example.comTo contact the editors responsible for this story: Luzi Ann Javier at firstname.lastname@example.org, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
NEW YORK, NY / ACCESSWIRE / August 12, 2019 / Barrick Gold Corp. (NYSE: ABX ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on August 12, 2019 at 11:00 AM Eastern ...
Barrick Gold Corporation (NYSE: GOLD ) reported second-quarterly earnings of 9 cents per share. This is a 28.57% increase over earnings of 7 cents per share from the same period last year. In July, Barrick ...
TORONTO, Aug. 12, 2019 -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today reported second quarter production of 1.353 million ounces of gold in line with the solid base.
All amounts expressed in U.S. dollars TORONTO, Aug. 12, 2019 -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced that its Board of Directors has declared a.
Barrick Gold’s production rose 27 per cent in the second quarter as the world’s second-biggest gold miner edged closer to ending a tax dispute with the Tanzanian government. “That’s a lot of boxes ticked in a short time,” said Mark Bristow, Barrick’s chief executive, who took over the top job in January.
Barrick Gold Corporation (GOLD) (ABX.TO) today announced that it has appointed Loreto Silva to the Company’s Board of Directors as an independent director. In 2010, Loreto was appointed Vice Minister of Public Works and became Minister of the department at the end of the 2012. As Minister, she promoted and led complex infrastructural works such as the bridge over the Chacao Channel and the Américo Vespucio Oriente highway. She also led the development of the National Water Resource Strategy and is currently director of the Arbitration and Mediation Center of the Santiago Chamber of Commerce ("CAM"), director at the Infrastructure Policy Council ("CPI") and member of Women Corporate Directors.
The National Court of Papua New Guinea today ruled that the provisions of the country’s 1992 Mining Act applied to the Porgera gold mine, thus allowing it to continue operating while the application to extend its Special Mining Lease is being considered. The current lease expires on August 16, 2019. Porgera is operated by Barrick Niugini Limited, a joint venture between Barrick Gold Corporation (GOLD) (ABX.TO) and Zijin Mining Company. Barrick president and chief executive Mark Bristow and Zijin executive director and senior vice-president George Fang are currently in Papua New Guinea to discuss the proposed extension with the government and the Porgera Special Mining Lease landowners.
Barrick Gold Corporation (GOLD)(ABX.TO) (“Barrick” or the “company”) president and chief executive Mark Bristow said his meeting today with prime minister James Marape had served to confirm the need for a partnership approach to the future of the Porgera gold mine. This was Bristow’s second meeting with the recently elected prime minister and his third visit to Papua New Guinea (PNG) since he joined Barrick at the beginning of the year. Porgera’s special mining lease expires this month and the government is currently considering an application for a 20-year extension by its operator, Barrick Niugini Limited, a joint venture between Barrick and Zijin Mining Group of China.
The renewed commitment of Barrick Gold Corporation (GOLD)(ABX.TO) to Latin America, designed to optimize its existing operations and create a platform for a next generation of mines, has made significant progress since its launch at the beginning of this year, president and chief executive Mark Bristow said here today. Speaking at a meeting with local community leaders and media, Bristow said the company’s assets in the region were a major part of its global portfolio and there was enormous potential for new discoveries capable of amplifying Barrick’s ability to create real value for all its stakeholders. “Barrick holds a highly prospective land package, with mining rights covering some 34,000 hectares, in the El Indio gold belt. This legendary gold province, which spans Argentina, Chile and Peru, has already yielded five significant discoveries and we believe its mineral wealth still offers a very substantial upside,” he said.
Barrick Gold Corporation (GOLD)(ABX.TO) president and chief executive Mark Bristow met Senegalese President Macky Sall today to discuss how best to bring the Massawa gold project to account in partnership with the country’s government. Massawa and its associated orebody, Sofia, were discovered by Randgold Resources, since merged with Barrick, which invested $96.2 million in a feasibility study. Subsequent to the original feasibility model, an update of reserve pricing to $1,200/oz resulted in a total Probable Mineral Reserve of 20.9Mt @ 3.94g/t for 2.6Moz as at December 31, 2018 (100% basis)1, with lower strip ratios and higher proportions of low cost ore fed to the plant, relative to the $1,000/oz Mineral Reserve.
TONGON, Côte d’Ivoire, July 19, 2019 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (GOLD) (ABX.TO) is actively seeking to extend the life of its Tongon gold mine while at the same time exploring new opportunities elsewhere in Côte d’Ivoire, president and chief executive Mark Bristow said here today. Speaking at a briefing for local media visiting the mine, Bristow noted that Tongon was now in its 10th year of operations while its developer Randgold Resources, since merged with Barrick, had been involved in Côte d’Ivoire for more than 20 years, spending in excess of $90 million (CFA 52 billion) on exploration alone during that time.
Barrick Gold Corporation (GOLD)(ABX.TO) announced today that it continues to make good progress on achieving its goals and objectives set out at the start of the year. Reflecting another solid operating performance across its portfolio, Barrick announced preliminary second quarter sales of 1.37 million ounces of gold and 96 million pounds of copper, as well as preliminary second quarter production of 1.35 million ounces of gold and 97 million pounds of copper. The average market price for gold in the second quarter was $1,309 per ounce, while the average market price for copper in the second quarter was $2.77 per pound.