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Barrick Gold Corp (ABX.TO)

ABX.TO on Toronto Stock Exchange

17.96CAD
17 Nov 2017
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$0.20 (+1.13%)
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Latest Key Developments (Source: Significant Developments)

Acacia Mining says not to make any changes to $128 mln provision ‍​
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - ACACIA MINING PLC ::DOES NOT INTEND TO MAKE ANY CHANGES TO ITS OWN $128 MILLION PROVISION DUE TO BARRICK’S ANNOUNCEMENT OF AN AGREEMENT OF A PROPOSED FRAMEWORK.ALSO BE ABLE TO ASSESS POTENTIAL IMPACT ON ACACIA'S HISTORICAL UNCERTAIN TAX POSITIONS‍​.  Full Article

Barrick Gold reports Q3 loss per share $0.01
Thursday, 26 Oct 2017 

Oct 25 (Reuters) - Barrick Gold Corp :Barrick reports third quarter 2017 results.Q3 adjusted earnings per share $0.16.Q3 loss per share $0.01.Q3 revenue $1.993 billion.Barrick Gold Corp - ‍narrowed full-year gold production guidance to 5.3-5.5 million ounces​.Barrick Gold Corp - ‍reduced total debt by nearly $1.5 billion year to date, exceeding target for 2017​.Barrick Gold Corp - qtrly copper production ‍115​ million pounds versus 100 million pounds.Barrick Gold Corp sees ‍full-year all-in sustaining costs of $740-$770 per ounce of gold​.Barrick Gold Corp - produced 1.243 million ounces of gold in q3 compared to 1.381 million ounces in prior-year period​.Barrick Gold Corp - qtrly copper all-in sustaining costs $‍2.24​ per pound versus $2.02 per pound.Barrick Gold Corp - ‍all-in sustaining costs for gold in Q3 were $772 per ounce, compared to $704 per ounce in Q3 of 2016​.Barrick Gold Corp - ‍full-year copper production guidance range has narrowed to 420-440 million pounds​.Barrick Gold Corp - ‍copper all-in sustaining cost guidance range has narrowed to $2.20-$2.40 per pound for fy​.Barrick Gold Corp - ‍net earnings in quarter impacted by tax provision of $172 million related to proposed framework for acacia's operations in Tanzania ​.Barrick Gold Corp - decrease in net earnings in quarter reflects lower gold production, lower gold prices, impact of tanzania's concentrate export ban on acacia.Barrick Gold Corp - ‍"goal is to reduce our total debt to $5 billion by end of 2018"​.  Full Article

Acacia says any proposal between Barrick, Tanzania would need co's approval
Friday, 20 Oct 2017 

Oct 20 (Reuters) - Acacia Mining Plc ::ACACIA MINING - CONTINUES TO SEEK FURTHER CLARIFICATION ON TANZANIA DISCUSSIONS AND AS YET NO FORMAL PROPOSAL HAS BEEN PUT TO ACACIA FOR CONSIDERATION​.‍ANY PROPOSAL AGREED IN PRINCIPLE BETWEEN BARRICK AND GOVERNMENT WILL REQUIRE ACACIA'S APPROVAL​.‍ACACIA WILL CONSIDER ANY AGREEMENT ON TANZANIA ISSUE ONCE IT RECEIVES FULL DETAILS​.  Full Article

Acacia Mining ‍updates on discussions in Tanzania
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Acacia Mining Plc ::‍UPDATE ON DISCUSSIONS IN TANZANIA.‍ACACIA NOTES THAT GOVERNMENT OF TANZANIA (GOT) AND BARRICK GOLD CORP HOSTED A PRESS CONFERENCE IN TANZANIA TODAY TO PROVIDE AN UPDATE ON ONGOING DISCUSSIONS​​‍.NO FORMAL PROPOSAL HAS BEEN PUT TO ACACIA FOR CONSIDERATION AT THIS POINT IN TIME.‍ACACIA HAS JUST RECEIVED A COPY OF FRAMEWORK AGREEMENT REFERRED TO IN BARRICK'S RELEASE AND IS SEEKING FURTHER CLARIFICATION​.  Full Article

Barrick reports preliminary third quarter production results
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Barrick Gold Corp :Barrick reports preliminary third quarter production results.Barrick Gold Corp - ‍preliminary Q3 sales of 1.23 million ounces of gold, and 107 million pounds of copper​.Barrick Gold Corp - ‍preliminary Q3 production of 1.24 million ounces of gold​.Barrick Gold Corp - ‍as stated previously, expect higher production and lower costs in Q4​.Barrick Gold Corp - ‍operations remain on track for year, with Q3 gold and copper production in line with expectations​.Barrick Gold Corp - ‍preliminary Q3 production of 115 million pounds of copper​.  Full Article

Acacia says believes can return to positive cash generation in 2018
Monday, 4 Sep 2017 

Sept 4 (Reuters) - Acacia Mining Plc ::INTENTION TO REDUCE OPERATIONAL ACTIVITY AT BULYANHULU.DECISION DRIVEN BY UNSUSTAINABLE CASH OUTFLOWS AT MINE DUE TO CONCENTRATE BAN AND OPERATING ENVIRONMENT.DUE TO THIS CHANGE, ACACIA BELIEVES GROUP CAN RETURN TO POSITIVE CASH GENERATION IN 2018.TALKS BETWEEN BARRICK GOLD CORPORATION ("BARRICK") AND TANZANIAN GOVERNMENT ON-GOING.  Full Article

Barrick reports Q4 adjusted earnings per share $0.22
Thursday, 16 Feb 2017 

Barrick Gold Corp : Barrick reports 2016 full year and fourth quarter results . Q4 adjusted earnings per share $0.22 . Q4 earnings per share $0.36 . Q4 revenue $2.32 billion . Barrick Gold Corp - for 2017, production guidance is 5.60-5.90 million ounces of gold, at a cost of sales applicable to gold of $780-$820 per ounce . Barrick Gold Corp says intend to reduce our total debt by $2.9 billion, to $5 billion, by end of 2018 - half of which is being targeted in 2017 . Barrick Gold Corp - for 2018, we expect to produce 4.80-5.30 million ounces of gold, at a cost of sales applicable to gold of $790-$840 per ounce . Barrick Gold Corp - in 2019, we expect to produce 4.60-5.10 million ounces of gold, at a cost of sales applicable to gold of $800-$870 per ounce . Says expect to maintain annual production of at least 4.5 million ounces of gold through 2021. . Barrick Gold Corp - qtrly copper production 101 million pounds versus 138 million pounds last year . Barrick Gold Corp - gold production in Q4 was 1.52 million ounces . Barrick Gold Corp qtrly all-in sustaining costs for copper were $2.04 per pound versus $2.15 per pound last year . Barrick Gold Corp sees 2017 all-in sustaining costs for gold of $720-$770 per ounce. . Barrick Gold Corp qtrly all-in sustaining costs for gold were $730 per ounce, a reduction of 12 percent compared to 2015 . Barrick Gold Corp says Q4 revenue was $2.32 billion versus. $2.24 billion last year.  Full Article

Barrick announces dividend increase
Thursday, 16 Feb 2017 

Barrick Gold Corp : Barrick announces dividend increase . Sets quarterly dividend of $0.03 per share .Barrick Gold Corp - Increase in company's quarterly dividend from $0.02 cents per share to $0.03 per share..  Full Article

Barrick Gold announces resumption of operations at Veladero Mine
Tuesday, 4 Oct 2016 

Barrick Gold Corp : Barrick announces resumption of operations at Veladero Mine . As normal operations resume, co will continue to assess impact of temporary suspension on Veladero's production for 2016 . Continues to expect total gold production for 2016 in range of 5.0-5.5 million ounces .Water monitoring in area has confirmed September 15 incident did not result in any environmental impacts.  Full Article

Barrick does not expect Veladero to impact 2016 consolidated gold production
Friday, 30 Sep 2016 

Barrick Gold Corp : Has completed "critical works" required by authorities for its suspended Veladero mine in Argentina after spill containing cyanide - spokesman . Barrick does not anticipate any impact to its 2016 consolidated gold production due to Veladero suspension Story: [nL2N1C60L5] Further company coverage: [ABX.TO] (Reporting by Susan Taylor) ((Jeffrey.Hodgson@thomsonreuters.com;)).  Full Article

UPDATE 3-Barrick Gold aims for final Tanzania deal by mid-2018

VANCOUVER, Oct 26 Barrick Gold Corp said on Wednesday it would work with the government of Tanzania to find a way for a gold export ban to be lifted on its Acacia Mining unit and was aiming for a final agreement in the first half of 2018.