Barrick’s Bristow criticises resurgence of market-plaguing short-termism

Mining News Pro - The rise in the gold price has prompted a resurgence of the short-termism which has plagued the market, with some investors focusing on short-term gains rather than sustainable growth, Barrick Gold CE Dr Mark Bristow said on Wednesday, when his company paid a quarterly dividend of 9c a share, on net earnings a share of 30c, for the three months to March 31. This will be topped up by a three-tranche return of capital distribution totalling $750-million through the course of the year, taking the per share yield based on yesterday’s closing share price to 3.5% for 2021.

Civil society groups urge halt to Barrick’s Pueblo Viejo expansion

Mining News Pro - Civil society groups on Tuesday urged Canada’s Barrick Gold Corp to halt expansion of its Pueblo Viejo gold mine in the Dominican Republic, citing risks posed by increased mine waste and threats to local communities’ rights.

Barrick refers Senegal tax dispute to arbitration

Mining News Pro - Canadian bullion major Barrick Gold has confirmed a tax claim by the Senegalese Revenue Authority (SRA) to the International Chamber of Commerce (ICC) for arbitration.

Barrick’s Loulo-Gounkoto’s third underground mine on track to start production

Mining News Pro - The third underground mine at Barrick Gold Corporation’s giant Loulo-Gounkoto gold complex, in Mali, has reached its first mining level and is scheduled to start delivering ore to the plant during the current quarter, president and CE Mark Bristow says.

Barrick ups emissions reduction target to 30% by 2030

Mining News Pro - Barrick Gold held its first-ever virtual presentation to investors on sustainability and reported that in 2020, it had zero high-significance environmental incidents, reached 79% water recycling and reusing by its operations and introduced community development committees at all its active sites.

Barrick and PNG reach deal over Porgera mine

Mining News Pro - Canada’s Barrick Gold and Papua New Guinea (PNG) have ended a year-long standoff with an agreement that gives the country’s government a majority stake in the Porgera gold mine and outlines plans to restart operations.

Thor acquires Barrick’s majority interest in Central Houndé project

Mining News Pro - Thor Explorations Ltd. announced on Monday it has agreed with Barrick Gold to terminate the 2015 earn-in agreement between Thor and Acacia Mining PLC, which has subsequently been acquired by Barrick, on the Central Houndé project in southwestern Burkina Faso.

Barrick ready to sign deal to reopen Porgera mine

Mining News Pro - Barrick Gold confirmed on Monday reports indicating that Papua New Guinea prime minister James Marape had announced an imminent deal to reopen the Porgera gold mine.

Barrick reports strong financials in 2020

Mining News Pro - Despite the challenges posed by the covid-19 pandemic, Barrick Gold reported ending 2020 with one of the industry’s strongest balance sheets.

Barrick funds $4m exploration campaign in Japan

Mining News Pro - The Barrick Alliance approved a $4-million budget, solely funded by Barrick Gold, to complete the 2021 exploration programs planned for 29 projects in Japan.

Barrick beats profit estimates on higher gold prices

Mining News Pro - Canadian miner Barrick Gold Corp reported a quarterly profit on Thursday that beat analysts’ estimates, helped by a jump in gold prices due to coronavirus-induced economic uncertainty.

Barrick sells Lagunas Norte mine in Peru to Boroo

Mining News Pro - Barrick Gold announced Tuesday it has reached an agreement to sell its 100% interest in the Lagunas Norte mine in Peru to Singapore’s Boroo Pte Ltd for a total consideration of up to $81 million, plus the assumption by Boroo of Barrick’s closure liability relating to Lagunas Norte of $226 million backed by an existing $173 million bonding obligation.

Barrick’s Loulo-Gounkoto exceeds yearly guidance

Mining News Pro - Barrick Gold Corporation’s Loulo-Gounkoto mine complex, in western Mali, produced 680 215 oz of gold in 2020, exceeding its full-year guidance despite Covid-19 and other challenges.

Barrick extends Tongon mine life to 2023

Mining News Pro - Canada’s Barrick Gold said on Thursday that continued exploration and the conversion of resources to reserves at its Tongon mine in the Ivory Coast have allowed it to extend the operation’s life to 2023.

Barrick, Japan Gold step up southern exploration

Mining News Pro - Barrick and Japan Gold have secured rights to 18 new prospecting areas that further extend their projects in the Asian country’s southern Hokusatsu Region.

Barrick, NovaGold report additional assay results for Donlin

Mining News Pro - Joint venture partners Barrick Gold and NovaGold Resources (TSX: NG) have released the third set of assay results from the 2020 drill program at the Donlin gold project in Alaska.

Barrick quarterly output gets boost from Dominican Republic mine

Mining News Pro - Canadian miner Barrick Gold Corp said on Thursday its fourth-quarter gold production rose 4.4% from the previous quarter, partly due to higher output at its Pueblo Viejo mine in the Dominican Republic.

Shanta Gold appoints Barrick’s Yuri Dobrotin as group exploration manager

Mining News Pro - Shanta Gold has appointed Yuri Dobrotin group exploration manager, with effect from January 1.

Dominican Minister of Mines dismisses rumours that link Barrick’s advanced payments to tailings dam approval

Mining News Pro - The Dominican Republic’s Minister of Energy and Mines, Antonio Almonte, rejected rumours that linked Barrick Gold’s recent $108-million advanced tax and royalty payment to the possible approval of a tailings dam at the Pueblo Viejo operation.

Barrick retains place in DJSI`s world index

Mining News Pro - Bullion major Barrick Gold retained its listing in the prestigious Dow Jones Sustainability Index’s (DJSI`s) world index, ranking in the ninety-fifth percentile of all mining companies assessed.

Barrick, Sandvik partner for BEV truck trials at Turquoise Ridge

Mining News Pro - Barrick and Sandvik have entered a partnership agreement for trialing and enhancing battery-electric vehicles (BEVs) for underground hard-rock mining.

Barrick denies alleged links to PNG political unrest

Mining News Pro - Barrick Gold said it will take civil and criminal action against those circulating “irresponsible and false statements” on social media, purporting to link chief executive Mark Bristow’s recent visit to Papua New Guinea to attempts to oust prime minister James Marape.

Barrick, Loncor expand JV partnership in DRC

Mining News Pro - Loncor Resources and Barrick Gold have entered into two new agreements which will see the companies further strengthen their joint venture relationship within the Ngayu gold belt of the Democratic Republic of the Congo.

Barrick raises dividend as profit soars on strong gold prices

Mining News Pro - Canadian miner Barrick Gold posted a near three-fold jump in quarterly adjusted profit on Thursday and increased its dividend, benefiting from a surge in gold prices fuelled by widespread coronavirus stimulus measures unveiled globally.

Former World Bank exec joins Barrick board

Mining News Pro - Bullion major Barrick Gold has appointed Anne Kabagambe, a former World Bank executive, as an independent director.

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