|Bid||13.51 x 1300|
|Ask||13.52 x 3000|
|Day's Range||13.35 - 13.64|
|52 Week Range||11.52 - 1,323.32|
|Beta (3Y Monthly)||-0.90|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.28 (2.17%)|
|1y Target Est||14.44|
Barrick Gold Corporation (GOLD)(ABX.TO) is reviewing a range of new exploration opportunities and re-evaluating its existing operations and projects in Chile, the Company’s new president and chief executive officer Mark Bristow said here today. Speaking after a meeting with Minister of Mining Baldo Prokurica, Bristow said Barrick’s Chilean assets were an important part of its global portfolio and noted that the Company has recently approved an investment to increase productivity at its jointly owned Zaldívar copper mine. Over the past 10 years, Barrick has spent some $8 billion in Chile on exploration, development, royalties and taxes, wages, and payments to local suppliers.
GOLD Proposes Framework for Resolution of Dispute in TanzaniaBarrick Gold’s proposed frameworkToday, Barrick Gold (GOLD) outlined a proposed framework for the resolution of the outstanding dispute between subsidiary Acacia Mining and the
The Toronto-based miner’s long-term license to operate its mine in Papua New Guinea is due for renewal this year. The largest gold miner may already be trying to get ahead of that tide in PNG. Chief Executive Officer Mark Bristow met last week with government officials about extending its license for the Porgera mine, Barrick’s joint venture with Zijin Mining Group Co.
What’s in the Cards for Newmont Mining’s Q4 Results?Newmont Mining’s earnings Newmont Mining (NEM) is scheduled to release its Q4 2018 earnings on February 21 before the market opens. The company will hold a conference call the same day at
Barrick Gold Corporation (GOLD)(ABX.TO) (“Barrick” or the “Company”) today announced that the Company, in its capacity as a facilitator, and the Government of Tanzania have arrived at a proposal that sets forth the commercial terms to resolve outstanding disputes concerning Acacia Mining plc’s operations in Tanzania. The Company will present this proposal to the Independent Directors of Acacia in the near future for their consideration.
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.
Gold prices have risen 10% since the end of September 2018, while gold miners have climbed nearly twice that.
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.
Barrick Gold Corp. (GOLD) fell 4.11% to $12.82 per share on the New York Stock Exchange on Wednesday after the release of disappointing results for the final quarter of 2018 that ended Dec. 31. Before the opening bell the Canadian gold producer reported a 73% year-over-year decrease in non-GAAP earnings to 6 cents per share, a nearly 15% year-over-year decline in revenues to $1.9 billion and a 5.9% decrease in gold production to 1.262 million ounces. Warning! GuruFocus has detected 6 Warning Signs with GOLD.
Barrick's (GOLD) 2018 earnings hurt by impairment charges, lower throughput at Acacia along with lower tonnage processed at Lagunas Norte.
Kinross Gold Beat Its Q4 Earnings EstimatesKinross Gold’s earnings Kinross Gold (KGC) released its fourth-quarter earnings results after the market closed on February 13. The company will hold its conference call on February 14. Kinross Gold
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 Tanks on Mixed ResultsBarrick Gold’s Q4 2018 earnings Barrick Gold (GOLD) reported its Q4 2018 and 2018 results today before markets opened. It reported adjusted EPS of $0.06 for Q4, slightly beating the consensus estimate of $0.05.
Investors Are Awaiting This Update from Kinross Gold's Q4 ResultsKGC’s underperformance After underperforming its peers (GDX) (NUGT) in 2018, Kinross Gold (KGC) has continued that underperformance this year. Its stock had returned 1.3% YTD
Barrick Gold (GOLD) delivered earnings and revenue surprises of 0.00% and -1.75%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
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. reported Wednesday a fourth-quarter net loss that widened to $1.20 billion, or $1.02 a share, from $314 million, or 27 cents a share, in the same period a year ago. Excluding non-recurring items, such as asset impairment charges and tax adjustments, adjusted earnings per share fell to 6 cents from 22 cents, but matched the FactSet consensus of 6 cents. Revenue declined 14.5% to $1.90 billion, missing the FactSet consensus of $1.96 billion. Barrick's stock edged up 0.35 in premarket trade. The average realized gold price during the quarter was $1,223 an ounce, up from $1,216 in the third quarter, while production rose to 1.26 million ounces from 1.15 million ounces in the third quarter. Copper production rose to 109 million pounds from 106 million pounds in the third quarter. The stock has rallied 7.6% over the past three months, while the VanEck Vectors Gold Miners ETF has soared 19.7% and the S&P 500 has gained 0.8%.
Barrick Gold Corp, the world's largest publicly traded gold producer, said on Wednesday its quarterly loss widened due in part to an impairment charge and rise in production costs. The company, which closed ...
Barely six weeks after its merger with Randgold, Barrick (GOLD)(ABX.TO) is making good progress in achieving its short-term priority goals as well as its full year objectives, president and CEO Mark Bristow said here today. Bristow, who has already visited most of the group’s operations in the Americas, some of them twice, said one of his first priorities had been to establish regional executive teams for North America, Latin America, and Africa and the Middle East. During 2019, the reserves and resources of newly-acquired Randgold will be combined with Barrick’s on the basis of common calculation criteria, and will be reported on that basis at the end of the year.
All amounts expressed in U.S. dollars unless otherwise indicated Completed transformational merger with Randgold Resources Limited to create industry-leading gold company,.
All financial numbers are in US dollars ($) unless otherwise stated On 22 January 2019, Randgold Resources Limited (‘Randgold’) changed its name to Barrick Gold (Holdings).
, 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.
Goldcorp stock got a lift from a takeover offer last month, but it fell Tuesday as UBS downgraded the miner, arguing that a higher bid is unlikely.