Barrick Gold reports lower preliminary gold output for 2023
Canadian miner Barrick Gold Corp said on Tuesday its full-year preliminary production of gold fell from a year earlier, even as output rose sequentially in the fourth quarter.
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Barrick Gold, PNG ink new deal to restart Porgera mine
Mining News Pro - The Porgera gold mine in Papa New Guinea (PNG), halted since 2020, is closer to resuming operations as the country’s government, Barrick Gold’s local subsidiary and New Porgera have inked a new deal to speed up the mine restart.
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Pakistan closer to letting Barrick Gold proceed with $7bn project
Mining News Pro - The project, which hosts one of the world’s largest undeveloped copper-gold deposits, has been on hold since 2011 due to a dispute over the legality of its licensing process.
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Tanzanians sue Canada’s Barrick Gold over alleged abuses at mine
Mining News Pro - Tanzanian villagers accuse Canadian mining giant of being complicit in killings and torture at the North Mara gold mine.
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Barrick Gold to sell royalty portfolio to Maverix Metals for $60 million
Mining News Pro - Barrick Gold announced Thursday that it has entered into an agreement to sell a portfolio of royalties to Maverix Metals (TSX: MMX) for total consideration of up to $60 million.
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Barrick Gold boss tells miners to brace for more inflation
Mining News Pro - Barrick Gold Corp. boss Mark Bristow is sticking with his cost guidance for now, despite inflationary headwinds at mines around the world, but said the idea that industry costs have peaked is “wishful thinking.”
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Barrick Gold, Pakistan set copper-gold project funding structure
Mining News Pro - Barrick Gold and the Pakistan government have agreed on the structure governing the funding and profit-sharing of the $7 billion Reko Diq copper-gold deposit in the province of Balochistan.
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Barrick Gold’s Loulo-Gounkoto complex on track to meet production guidance
Mining News Pro - Barrick Gold announced that at the halfway mark of the year, its giant Loulo-Gounkoto gold complex in Mali is on track to meet its production guidance of 510,000 – 560,000 ounces for 2022 and replace its annual reserve depletion to extend the mine life beyond 2037.
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Barrick Gold eyes more copper assets in Africa
Mining News Pro -Barrick Gold wants to add more copper assets to its African portfolio due to a looming deficit and high prices for the industrial metal, which is also a key component in the making of electric vehicles (EVs) and vital to the renewables sector.
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Barrick Gold sells stake in Skeena Resources for $107 million
Mining News Pro - Barrick Gold announced Thursday that it is selling its stake in Skeena Resources for C$132.4 million (about $107m), or C$15 per common share.
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Barrick Gold near Pueblo Viejo tailings decision
Mining News Pro - Barrick Gold is close to reaching an agreement with the government of the Dominican Republic on where to build a new tailings storage facility (TSF) for its $1.3 billion Pueblo Viejo gold mine.
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Barrick Gold announces $1bn buyback as quarterly earnings jump
Mining News Pro - Barrick Gold Corp on Wednesday announced a share buyback of up to $1 billion as the miner’s fourth-quarter results beat analysts’ estimates following strong production at its Nevada mines and a smaller tax take than expected.
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Barrick Gold grows net reserves to 69moz at improved grade
Mining News Pro - Barrick Gold says it has succeeded in replacing its global gold reserve base by 150% before accounting for acquisition and equity changes at its South Arturo mine in Nevada and Porgera mine in Papua New Guinea.
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Latin Metals inks option agreement with Barrick Gold for Argentina properties
Mining News Pro - A wholly owned subsidiary of Barrick Gold has signed an option agreement to acquire up to an 85% interest in Latin Metals’ Cerro Bayo, Cerro Bayo Sur and La Flora properties in Argentina’s Santa Cruz province.
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Barrick Gold mines in Tanzania reach Tier One status
Mining News Pro - Barrick Gold said on Tuesday it had succeeded in taking its North Mara and Bulyanhulu gold mines in Tanzania from “moribund” to Tier One assets.
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Barrick Gold quarterly profit dented by weak prices
Mining News Pro - Miner Barrick Gold Corp on Thursday reported an 18% drop in third-quarter profit from the prior three-month period, weighed down by weaker gold and copper prices.
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Barrick Gold warns Pueblo Viejo to shut without new tailings storage facility
Mining News Pro - Canada’s Barrick Gold, the world’s second largest producer of the precious metal, has warned that mining at its Pueblo Viejo operation in the Dominican Republic could finish this year and production in 2030 if a new tailings storage facility (TSF) doesn’t get approved.
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Barrick Gold sees little hit from inflation, reaffirms 2021 targets
Mining News Pro - Barrick Gold Corp, said on Monday it was not expecting a major hit from inflation this year and stuck to its full-year forecasts as prices for the yellow metal tick up.
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Barrick Gold signs four exploration deals in Egypt
Mining News Pro - Barrick Gold has inked four gold exploration deals in Egypt’s Eastern Desert, the country’s ministry of petroleum and mineral resources said on Tuesday.
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High-flying Barrick Gold opens up exploration front in Japan
Mining News Pro - High-flying Barrick Gold has established a gold exploration joint-venture front in Japan.
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Barrick Gold ‘ticks all the boxes’ in 2019 financial year
Mining News Pro - In the first year following its merger with Randgold Resources, the restructured and refocused Barrick Gold Corporation has delivered a strong operational performance and made significant progress towards its goal of becoming the “world’s most valued gold company”, the miner said in its 2019 financial report on March 25.
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Barrick Gold’s ‘long safari’ ends with Tanzania deal
Mining News Pro - Canada’s Barrick Gold Corp signed a deal with Tanzania on Friday in which the government will take stakes in three gold mines, ending a long-running tax dispute and setting a template for negotiations with other firms.
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Tanzania and Barrick Gold to sign agreement
Mining News Pro - Tanzania said on Friday it was due to sign an agreement with Canadian miner Barrick Gold, which could end a long-running and costly tax dispute.
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Barrick Gold reaches deal with Tanzania over Acacia Mining
Mining News Pro - Barrick Gold Corp (TSX:ABX) (NYSE:GOLD) said it had reached a deal to settle a long-running tax dispute between Tanzania and mining group Acacia, which Barrick bought in a $1.2-billion transaction approved by a British court last month.
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Canadian court approves $3bn securities class action against Barrick Gold
Mining News Pro - A Canadian court has given the go-ahead for a pension fund’s proposed $3 billion securities class action against Barrick Gold (TSX:ABX) (NYSE:GOLD), the world’s second largest bullion miner, for alleged misrepresentations in its environmental disclosures about the stalled Pascua Lama gold-copper mine straddling the Chile-Argentina border.
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