Barrick Gold

Barrick Gold Corp. engages in the production and sale of gold, copper, and related activities. It also provides exploration and mining development. It operates through the following business segments: Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, North Mara, Bulyanhulu, and Others. The Others segments includes Long Canyon, Phoenix, Nevada Gold Mines, Hemlo, Latin America and Asia Pacific, North Mara, Tongon, Buzwagi, and Africa and Middle East. The company was founded by Peter D. Munk in 1983 and is headquartered in Toronto, Canada.

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Barrick Gold Corp. engages in the production and sale of gold, copper, and related activities. It also provides exploration and mining development. It operates through the following business segments: Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, North Mara, Bulyanhulu, and Other Mines. The company was founded by Peter D. Munk in 1983 and is headquartered in Toronto, Canada.

Barrick Gold Corporation has been unsuccessful in its attempts to find a partner for its copper mining. The company's attempts to merge with Freeport-McMoRan Inc. and acquire First Quantum Minerals were both unsuccessful. Barrick Gold is now focusing on its Reko Diq project in Pakistan, which is a $7 billion copper-gold project.

Why Is The Reko Diq Project A Gamble For Barrick Gold?

(Kitco News) - Barrick Gold (NYSE:GOLD) (TSX:ABX) announced today that with the updated feasibility study on the giant Reko Diq copper-gold project making rapid progress, the company is aiming to start production in 2028.

Barrick aims to start production at the giant Reko Diq copper-gold project in Pakistan in 2028

ISLAMABAD, Pakistan, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) president and chief executive Mark Bristow says with the updated feasibility study on the giant Reko Diq copper-gold project making rapid progress, the company is aiming to start production in 2028.

Barrick Targets 2028 for First Production from Reko Diq

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All amounts expressed in US dollars SANTO DOMINGO, Dominican Republic, July 27, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – The Barrick operated Pueblo Viejo mine continues to advance the engineering design for the El Naranjo tailings storage facility (TSF) project which will extend its life to 2040 and beyond, president and chief executive Mark Bristow said here today1. The plant expansion and associated new TSF is designed to sustain gold production above 800koz per year (100% basis) going forward1.

A Comprehensive Multi-Year Process Extends the Life of Pueblo Viejo Mine to Beyond 2040

All amounts expressed in US dollars TORONTO, July 25, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Effective and equitable socio-economic development worldwide would not be possible without the transformative contribution of responsible mining, Barrick president and chief executive Mark Bristow said today. Speaking at the group's third annual Sustainability Update , Bristow said Barrick's sustainability strategy was geared to the United Nations' Sustainable Development Goals (SDGs), and in line with its commitment to transparency, its recently published Sustainability Report for 2022 showed how its operations contributed to or impacted on specific SDGs.

The Positive Impact of Responsible Mining at Barrick

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Barrick (GOLD) acquires a 10.1% stake in Cascadia Minerals Ltd. as part of the ATAC Resources deal.

Barrick (GOLD) Acquires Cascadia Stake via ATAC Arrangement

Barrick (GOLD) achieves robust sales and production in Q2, with significant increases in gold and copper output, while remaining on track to meet its full-year guidance.

Barrick (GOLD) Reports Strong Preliminary Q2 Sales & Production

TORONTO, July 14, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick”) announced today that on July 12, 2023 it received 2,788,696 common shares of Cascadia Minerals Ltd. (“Cascadia”) as partial consideration for the acquisition by Hecla Mining Company (“Hecla”) of all of the common shares of ATAC Resources Ltd. (“ATAC”) pursuant to the previously announced plan of arrangement among Hecla, Alexco Resource Corp. and ATAC (the “ATAC Arrangement”).

Barrick Receives Shares of Cascadia Minerals Pursuant to Previously Announces Spinout

(Kitco News) - Barrick Gold (NYSE: GOLD) (TSX: ABX) announced Thursday that the company produced 1,009 koz of gold in Q2 2023, which is a decline of 3% compared to Q2 2022 (1,043 koz) and an increase of 6% compared to 952 koz produced in Q1 2023.

Barrick produces 1.01 million ounces of gold in Q2, says on track to achieve 2023 targets

Barrick Gold Corporation Thursday announced that its preliminary second-quarter gold and copper production increased sequentially, driven by higher output its Carlin mine in Nevada as well as higher grades achieved at both Kibali in Democratic Republic of Congo and Veladero in Argentina. The mining giant also said it remains on track to achieve its full-year guidance, with gold and copper production in the second half expected to be stronger than the first six months.

Barrick Gold sees higher 2Q gold and copper output; on track to hit 2023 targets

All amounts expressed in US Dollars TORONTO, July 13, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “Company”) today reported preliminary Q2 sales of 1.00 million ounces of gold and 101 million pounds of copper, as well as preliminary Q2 production of 1.01 million ounces of gold and 107 million pounds of copper. As previously guided, Barrick's gold and copper production in 2023 is expected to increase through the year with the second half being higher than the first six months of 2023.

Stronger Q2 Puts Barrick On Track to Achieve 2023 Targets

Barrick's (GOLD) expansion plans for the Lumwana copper mine will increase production, drive long-term growth and offer significant benefits to the Zambian economy.

Barrick (GOLD) Exploring Expansion Opportunities for Lumwana Mine

All amounts expressed in US dollars unless specified otherwise NORTH MARA, Tanzania, July 10, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Twiga Minerals, the joint venture between the Tanzanian government and Barrick Gold Corporation, has revitalized the country's gold mining industry through a partnership that should serve as a model for similar operations, particularly in developing regions, Barrick president and chief executive Mark Bristow said today. Briefing media at a mine visit, Bristow said in 2019 when Barrick took control over North Mara and Bulyanhulu – the mines that now form the Twiga complex – both were rundown and at a virtual standstill due to a deadlocked dispute between the government and the previous operators.

Twiga Transforms Tanzanian Mining, Sets Standard for Industry

The extension of the life of Barrick's (GOLD) Tongon mine not only ensures sustained production and profitability for but also reinforces the company's commitment to the Ivorian community.

Barrick's (GOLD) Tongon Mine Life Extension to Drive Production

All amounts expressed in US dollars LUMWANA, Zambia, July 07, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Barrick's drive to transform the Lumwana copper mine into a Tier One1 asset with a life extending beyond 2060 is picking up speed with a strong performance in the past quarter adding impetus to its continuing production ramp-up. Briefing media at a site visit here today, Barrick president and chief executive Mark Bristow said the mine's full potential was only now being revealed.

Great Future Beckons for Lumwana as Barrick Unlocks Potential

(Kitco News) - Barrick reported today that Kibali, Africa's biggest gold mine, stepped up production significantly in the past quarter as part of its planned ramp-up and is well on track to achieve its annual guidance.

Africa's biggest gold mine set to roll out new 10-year plan securing its tier one status - Barrick

All amounts expressed in US dollars KINSHASA, Democratic Republic of Congo, July 05, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Africa's biggest gold mine, Kibali, stepped up production significantly in the past quarter as part of its planned ramp-up and is well on track to achieve its annual guidance. At the same time, successful exploration is expected to more than replace reserves depleted by mining again this year.

Kibali Set to Roll Out New 10-Year Plan on Back of Production Ramp-Up and Reserve Replacement

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Wall Street Analysts Think Barrick Gold (GOLD) Is a Good Investment: Is It?

All amounts expressed in US dollars TONGON, Côte d'Ivoire, July 05, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Originally scheduled for closure in 2020, the life of Barrick's Tongon gold mine continues to be extended through successful exploration campaigns. Speaking at a media briefing here today general manager Hilaire Diarra said that since Tongon poured its first gold in 2010, the mine has contributed $2.2 billion to the Ivorian economy in the form of taxes, infrastructure development, salaries and payments to local suppliers.

Successful Exploration Continues to Extend Tongon's Life of Mine

Barrick Gold, one of the largest global producers of precious metals, is a smart investment choice due to its diversified resource and production profile, plus lower-than-normal historical valuation. The company's balance sheet is more conservative than a decade ago, allowing a rising trend in precious metals prices to drive cash flow and earnings, potentially leading to a faster stock quote advance. Barrick Gold has significantly reduced its net debt from $13 billion in 2013 to $400 million today, providing the company with extra financial flexibility while reducing net interest expense.

Barrick Gold: Improved Balance Sheet Impresses During Precious Metals Bull Market

Barrick Gold's stock has underperformed in recent years, but this could be an opportunity for investment due to improved future prospects and the potential for rising gold prices. Despite a significant drop in net income and declining gold and copper production, Barrick's debt situation has improved and the company's reserve situation is solid. Central banks are currently net buyers of gold, which could provide a price floor for the gold market and increase demand for gold, potentially benefiting Barrick Gold.

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All amounts expressed in US dollars LOULO-GOUNKOTO, Mali, July 02, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – The 26-year-long partnership between Barrick (previously Randgold) and the state of Mali has built the country's gold mining industry into a world leader and positioned it strongly for further growth, president and chief executive Mark Bristow said here today. Speaking at a media briefing, Bristow said the Loulo-Gounkoto complex, one of the world's top 10 gold producers, was the biggest business in terms of enterprise value in the whole of West Africa.

News for Barrick Gold Stock (GOLD)