|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||12.69 - 13.58|
|52 Week Range||9.53 - 14.18|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||14.13|
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.
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.
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.
“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.
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.
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 ...
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.
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.
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 $700 goal announced in 2016, citing inflation and falling production as headwinds.
Barrick Gold Corp, the world's largest publicly traded gold producer, said on Wednesday its quarterly loss widened due in part to an impairment charge and rise in production costs. The company, which closed ...
All financial numbers are in US dollars ($) unless otherwise stated On 22 January 2019, Randgold Resources Limited (‘Randgold’) changed its name to Barrick Gold (Holdings).
All amounts expressed in U.S. dollars unless otherwise indicated Completed transformational merger with Randgold Resources Limited to create industry-leading gold company,.
, 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.
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.
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.
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'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.
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.
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.
Ghana's President Nana Akufo-Addo demanded mining deals be more beneficial for Africa on Tuesday, calling on governments to end fiscal incentives traditionally used to attract investment to countries long viewed as rife with risk. Resource nationalism is high on the agenda at the African Mining Indaba in Cape Town as resource-holding governments, aware of the need for international miners to find new exploration territory, increase tax and royalty demands. Akufo-Addo, leader of Africa's second-largest gold producer, said that the continent's reputation of political instability was outdated and improvements in the rule of law should be reflected in countries' relationships with mining companies.
Barrick Gold Corp said on Monday it would form a joint venture with South America-focused Reunion Gold Corp to explore the gold-rich Guiana Shield, which covers parts of Guyana, Venezuela and northern Brazil. Barrick will fund an initial amount of $4.2 million on the projects with Reunion and subsequent funding will be shared equally between the two companies, the Toronto-based miner said. The deal will help Barrick identify and buy tier one mines in the region, Chief Executive Officer Mark Bristow said.
Anglo American gave a surprising prediction that it wants to reach a point where it can operate without tailings. Ford calls cobalt a “unique case.” The carmaker is seeking to reduce its dependency on the key battery material.Barrick Gold has already started engaging with the new administration in the Democratic Republic of Congo, and CEO Mark Bristow said he’s still expecting to break a deadlock with Tanzania over Acacia Mining.