Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, Dominican Republic, Mali, Tanzania, and the United States. The company also has ownership interests in producing copper mines located in Chile, Saudi Arabia, and Zambia; and various other projects located throughout the Americas and Africa. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada.
IPO Year:
Exchange: NYSE
Website: barrick.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/30/2024 | $23.00 → $22.00 | Buy → Neutral | UBS |
8/29/2024 | Hold → Buy | Argus | |
2/29/2024 | $15.00 → $21.00 | Buy | Jefferies |
2/26/2024 | Buy → Hold | Argus | |
1/8/2024 | Outperform → Mkt Perform | Bernstein | |
2/13/2023 | $19.00 | Outperform → Neutral | Exane BNP Paribas |
9/12/2022 | $18.00 | Neutral | Goldman |
4/25/2022 | Outperform → Mkt Perform | Bernstein | |
3/9/2022 | $23.00 → $24.00 | Hold | Jefferies |
10/18/2021 | $28.00 → $27.00 | Overweight | Barclays |
6-K - BARRICK GOLD CORP (0000756894) (Filer)
6-K - BARRICK GOLD CORP (0000756894) (Filer)
SD - BARRICK GOLD CORP (0000756894) (Filer)
6-K - BARRICK GOLD CORP (0000756894) (Filer)
6-K - BARRICK GOLD CORP (0000756894) (Filer)
6-K - BARRICK GOLD CORP (0000756894) (Filer)
6-K - BARRICK GOLD CORP (0000756894) (Filer)
40-F - BARRICK GOLD CORP (0000756894) (Filer)
6-K - BARRICK GOLD CORP (0000756894) (Filer)
6-K - BARRICK GOLD CORP (0000756894) (Filer)
SC 13G/A - BARRICK GOLD CORP (0000756894) (Subject)
SC 13G - BARRICK GOLD CORP (0000756894) (Subject)
UBS downgraded Barrick from Buy to Neutral and set a new price target of $22.00 from $23.00 previously
Argus upgraded Barrick from Hold to Buy
Jefferies resumed coverage of Barrick with a rating of Buy and set a new price target of $21.00 from $15.00 previously
Argus downgraded Barrick from Buy to Hold
Bernstein downgraded Barrick from Outperform to Mkt Perform
Exane BNP Paribas downgraded Barrick from Outperform to Neutral and set a new price target of $19.00
Goldman initiated coverage of Barrick with a rating of Neutral and set a new price target of $18.00
Bernstein downgraded Barrick from Outperform to Mkt Perform
Jefferies reiterated coverage of Barrick Gold with a rating of Hold and set a new price target of $24.00 from $23.00 previously
Barclays reiterated coverage of Barrick Gold with a rating of Overweight and set a new price target of $27.00 from $28.00 previously
Third Quarter 2024 ResultsAll amounts expressed in U.S. dollars TORONTO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) dealt with ongoing challenges and made significant progress on many fronts in the third quarter of the year to keep its annual production and cost guidance within reach on the back of the strong performance anticipated in Q4. Gold production was in line with that of the previous quarter while copper production was up 12% quarter on quarter. The Company said it was on track for a materially improved Q4, driven by the continuing ramp-up of the Pueblo Viejo plant expansion, increased throughput at Nevada Gold Mines and higher grades at Kiba
All amounts expressed in US dollars TORONTO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced the declaration of a dividend of $0.10 per share for the third quarter of 2024. The dividend is consistent with the Company's Performance Dividend Policy announced at the start of 2022. The Q3 2024 dividend will be paid on December 16, 2024 to shareholders of record at the close of business on November 29, 2024. Barrick also repurchased an additional 4.725 million shares during the third quarter under the $1 billion share buyback program that was announced in February 2024, bringing the total repurchases during the year to 7.675 million shares. "T
VANCOUVER, British Columbia, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV:LMS) (OTCQB:LMSQF), is pleased to announce it has successfully completed payment obligations to the underlying owner (the "Vendor") to vest a 71% ownership interest in the Cerro Bayo and La Flora properties (collectively "Cerro Bayo" or the "Properties") in Santa Cruz Province, Argentina, strengthening the Company's precious metals portfolio. Latin Metals has an option for 100% ownership, subject to a 0.75% NSR royalty (of which 0.5% can be purchased for US$1 million). Exploration Potential at Cerro Bayo The Cerro Bayo and La Flora properties, previously opt
TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) denies the allegations made by the Malian Ministry of Mines and the Finance Ministry that it had not honored its commitments made under an agreement designed to achieve a more equitable distribution of mineral resource exploitation to the benefit of all stakeholders. As announced by Barrick on September 30, the company and the government agreed on a negotiation framework to achieve a global resolution of their disputes. Since that date, Barrick has been actively engaged with the government in pursuit of such a settlement, the terms of which will be set out in a memorandum of agreement. This memorandu
All amounts expressed in US dollars TORONTO, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) ("Barrick" or the "Company") today reported preliminary Q3 production of 943 thousand ounces of gold and 48 thousand tonnes of copper, as well as preliminary Q3 sales of 967 thousand ounces of gold and 42 thousand tonnes of copper. The Company continues to expect a materially stronger Q4 to deliver 2024 production within the range of its full year gold and copper guidance. The average market price for gold in Q3 was $2,474 per ounce while the average market price for copper in Q3 was $4.18 per pound. Preliminary Q3 gold production was in line with Q2. Pueblo Viejo
TORONTO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Barrick (NYSE:GOLD)(TSX:ABX) will release its Q3 2024 results on Thursday, November 7, 2024. President and CEO Mark Bristow will host a live presentation of the results that day in London, UK, at 11:00 EST / 16:00 UTC, with an interactive webinar linked to a conference call. Participants will be able to ask questions. The company will release its preliminary production, sales and cost information for Q3 2024 on October 16, 2024. Release of Q3 preliminary production, sales and cost informationOctober 16, 07:00 EDT / 11:00 UTC Q3 RESULTS ANNOUNCEMENT Q3 Results releaseNovember 7, 06:00 EST / 11:00 UTCQ3 Results live presentation and webinarNovem
All amounts expressed in US dollars unless stated otherwise BULYANHULU, Tanzania, Oct. 05, 2024 (GLOBE NEWSWIRE) -- The Twiga partnership between Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) and the Tanzanian government is contributing 51% of the government's revenue from the extractive industry, according to the latest report of the Tanzania Extractive Industry Transparency Initiative. Twiga comprises the North Mara and Bulyanhulu gold mines. Both mines also led the industry's safety performance, with Bulyanhulu winning this year's Occupational Safety and Health Award and North Mara named as the best company for caring for workers with special needs by Tanzania's Occupational Safety an
BAMAKO, Mali, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) and the government of Mali have agreed to find a global resolution to the existing claims and disputes between the government and Barrick's Loulo and Gounkoto gold mining companies. Details of the agreement, based in essence on Barrick's original proposals, will be made public once the terms of the settlement have been finalized. Barrick president and chief executive Mark Bristow said the company's mutually beneficial relationship with Malian governments had endured for 30 years and occasional differences with successive regimes had always been amicably resolved. "The current negotiations have
All amounts expressed in US$ PORT MORESBY, Papua New Guinea, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) – New Porgera Limited (NPL) said today it is working with the United Nations (UN) and Enga Provincial Government (EPG) as part of an ad hoc crisis committee to assist with humanitarian aid to the conflict-ridden Porgera Valley in Papua New Guinea's Enga Province. Following the committee's first meeting this Tuesday, it was agreed that a donor assessment team would travel to Porgera to make a first-hand assessment of the situation and community needs. NPL is providing logistical support, including a helicopter, to make this visit possible. Accordi
All amounts expressed in US dollars COLORADO SPRINGS, Colo., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) – Barrick is projecting a 30% growth in the production of gold-equivalent ounces from its existing assets by the end of this decade1 while it continues to unlock the value embedded in its portfolio, says president and chief executive Mark Bristow. Speaking at the Gold Forum Americas, Bristow said while Barrick was alert to potentially value-accretive opportunities generated by the consolidation of the industry, it had the rare luxury of doing so from an asset base that would support organic growth well into the future. "Five yea
Deep-pocketed investors have adopted a bullish approach towards Barrick Gold (NYSE:GOLD), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in GOLD usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Barrick Gold. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 50% leaning bullish and 37% bearish. Among these notable options,
Gold reached new all-time highs Tuesday, with the commodity soaring above $2,460 per ounce and showcasing a robust 1.7% gain for the session, driven by heightened investor convictions that the Fed will cut interest rates at its September meeting. Jerome Powell‘s remarks during his interview at the Economic Club of Washington Monday appear to have dispelled the last doubts about the start of rate cuts after the Fed chair confidently welcomed the latest inflation reports for the second quarter. "We've had now three better readings. And if you average them, it's a pretty good pace," Powell said. He further hinted the Fed would be willing to act by lowering interest rates if labor market c
Barrick Gold Corporation (NYSE:GOLD) shares are trading higher today amid traders’ optimism that the Fed will cut the rate. The company also reported preliminary production details. Barrick Gold reported second-quarter production of 948,000 ounces of gold and 43,000 tonnes of copper, with preliminary sales of 956,000 ounces of gold and 42,000 tonnes of copper. The company expects gold and copper production to increase each quarter in 2024, with more output in the second half, remaining on track to meet its full-year guidance. In particular, preliminary second-quarter gold production exceeded first-quarter, driven by increased output at Turquoise Ridge after first-quarter maintenance
Jefferies analyst Matthew Murphy maintains Barrick Gold (NYSE:GOLD) with a Buy and raises the price target from $22 to $23.
Leading gold miner Barrick Gold (NYSE:GOLD) ) is ramping up its exploration efforts in Mali, focusing on sustaining its Loulo-Gounkoto mining complex. CEO Mark Bristow re-iterated the company’s positive outlook for this vital project after visiting this African country for the third time this year. “We continue to work constructively towards a global resolution of our differences and finding common ground on the key issue of sharing the economic benefits of our operations,” he said in a statement. Now read: Codelco Eyes $500M Stake In Teck’s Quebrada Blanca Copper Mine The Loulo-Gounkoto complex, a major asset in Barrick’s operations, produced 683,000 ounces of gold in 2023 and hold
CIBC analyst Anita Soni maintains Barrick Gold (NYSE:GOLD) with a Outperformer and raises the price target from $23 to $27.
Third Quarter 2024 ResultsAll amounts expressed in U.S. dollars TORONTO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) dealt with ongoing challenges and made significant progress on many fronts in the third quarter of the year to keep its annual production and cost guidance within reach on the back of the strong performance anticipated in Q4. Gold production was in line with that of the previous quarter while copper production was up 12% quarter on quarter. The Company said it was on track for a materially improved Q4, driven by the continuing ramp-up of the Pueblo Viejo plant expansion, increased throughput at Nevada Gold Mines and higher grades at Kiba
All amounts expressed in US dollars TORONTO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced the declaration of a dividend of $0.10 per share for the third quarter of 2024. The dividend is consistent with the Company's Performance Dividend Policy announced at the start of 2022. The Q3 2024 dividend will be paid on December 16, 2024 to shareholders of record at the close of business on November 29, 2024. Barrick also repurchased an additional 4.725 million shares during the third quarter under the $1 billion share buyback program that was announced in February 2024, bringing the total repurchases during the year to 7.675 million shares. "T
All amounts expressed in US dollars TORONTO, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) ("Barrick" or the "Company") today reported preliminary Q3 production of 943 thousand ounces of gold and 48 thousand tonnes of copper, as well as preliminary Q3 sales of 967 thousand ounces of gold and 42 thousand tonnes of copper. The Company continues to expect a materially stronger Q4 to deliver 2024 production within the range of its full year gold and copper guidance. The average market price for gold in Q3 was $2,474 per ounce while the average market price for copper in Q3 was $4.18 per pound. Preliminary Q3 gold production was in line with Q2. Pueblo Viejo
TORONTO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Barrick (NYSE:GOLD)(TSX:ABX) will release its Q3 2024 results on Thursday, November 7, 2024. President and CEO Mark Bristow will host a live presentation of the results that day in London, UK, at 11:00 EST / 16:00 UTC, with an interactive webinar linked to a conference call. Participants will be able to ask questions. The company will release its preliminary production, sales and cost information for Q3 2024 on October 16, 2024. Release of Q3 preliminary production, sales and cost informationOctober 16, 07:00 EDT / 11:00 UTC Q3 RESULTS ANNOUNCEMENT Q3 Results releaseNovember 7, 06:00 EST / 11:00 UTCQ3 Results live presentation and webinarNovem
Second Quarter 2024 ResultsAll amounts expressed in U.S. dollars TORONTO, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today reported increased earnings and production for its second quarter, in line with guidance, and said the Company was on track for a strong second half of the year. Net earnings1 were up 25% and the attributable EBITDA margin2 was up 17% quarter on quarter to 48% with strong operating cash flows of $1.16 billion and a material increase in free cash flow3 to $340 million. Net earnings per share were up 24% to $0.21, adjusted net earnings per share3 increased by 68% to $0.32, and the quarterly dividend was maintained at $0.10 per s
All amounts expressed in US dollars TORONTO, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced the declaration of a dividend of $0.10 per share for the second quarter of 2024. The dividend is consistent with the Company's Performance Dividend Policy announced at the start of 2022. The Q2 2024 dividend will be paid on September 16, 2024 to shareholders of record at the close of business on August 30, 2024. In addition to the dividend, Barrick repurchased 2.95 million shares during the second quarter under the $1 billion share buyback program that was announced in February 2024. "The continued strength of our balance sheet and our world class
All amounts expressed in US dollars TORONTO, July 16, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) ("Barrick" or the "Company") today reported preliminary Q2 production of 948 thousand ounces of gold and 43 thousand tonnes of copper, as well as preliminary Q2 sales of 956 thousand ounces of gold and 42 thousand tonnes of copper. As previously guided, Barrick's gold and copper production in 2024 is expected to progressively increase each quarter through the year with a higher weighting in the second half. The Company remains on track to achieve our full year gold and copper guidance. The average market price for gold in Q2 was $2,338 per ounce while the average m
TORONTO, July 09, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) will release its Q2 2024 results on Monday, August 12, 2024. President and CEO Mark Bristow will host a live presentation of the results that day at 11:00 EDT, with an interactive webinar linked to a conference call. Participants will be able to ask questions. The company will release its preliminary production, sales and cost information for Q2 2024 on July 16, 2024. Release of Q2 preliminary production, sales and cost informationJuly 16, 07:00 EDT / 11:00 UTC Q2 RESULTS ANNOUNCEMENT Q2 Results releaseAugust 12, 06:00 EDT / 10:00 UTC Q2 Results live presentation and webinarAugust 12, 11:0
LAS VEGAS, June 05, 2024 (GLOBE NEWSWIRE) -- Global Financial Markets Communications News Commentary - Recent months have seen the gold price move decisively into a higher trading range, and momentum return to the precious metals mining sector following three years of consolidation. Gold has risen over 10% during 2024 so far, while gold miners have recovered the sector's February lows. While encouraging, these returns represent only a fraction of the performance exhibited by gold equities during previous upcycles. The potential catch-up trade for gold equities versus gold is substantial, given the extreme low valuations from which the sector is recovering. Gold miners have lagged behind
First Quarter 2024 ResultsAll amounts expressed in U.S. dollars TORONTO, May 01, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today reported its first quarter results which were in line with guidance and position the Company well to meet its full year targets. Gold production is expected to ramp up steadily during the year, supported by the completion of the Pueblo Viejo plant expansion and the resumption of operations at the Porgera mine. Additionally, copper production is also on track to meet the full year's guidance. Reporting its Q1 results, Barrick said lower production and the consequent higher costs reflected the delayed ramp up at Pueblo Viejo following
TORONTO, April 30, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) announced that the nominees listed in the Information Circular for the 2024 Annual Meeting of Shareholders were elected as directors of Barrick. Detailed results of the vote for the election of directors, the appointment of auditors, the advisory resolution on executive compensation and the shareholder proposal are set out below. Voting results for the election of each of the directors are as follows: NomineeVotes For% ForVotes Withheld% WithheldMark Bristow1,025,169,37199.27%7,581,8790.73%Helen Cai1,008,580,39697.66%24,170,8542.34%Christopher L. Coleman836,610,71781.01%196,140,53318.99%Isela A. Cos
All amounts expressed in US dollars TORONTO, Dec. 10, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) announced today that the Porgera mine in Papua New Guinea (PNG) is set to resume operations later this month and is expected to start pouring gold again in the first quarter of 2024. This follows the satisfaction of the conditions to the Porgera Project Commencement Agreement, in which a new ownership structure was agreed. Barrick president and chief executive Mark Bristow said the reopening of the mine represented another victory for the company's host-country partnership model which had been very successful in Tanzania and had also been adopted for i
VANCOUVER, BC, May 24, 2023 /PRNewswire/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX:GOLD) (NYSE:GLDG) is pleased to announce the voting results from the Company's annual general and special meeting held on May 24, 2023 (the "Meeting") and is delighted to welcome Anna Tudela to the Company's board of directors (the "Board"). A total of 38,060,586 common shares of the Company were present in person or by proxy at the Meeting, representing a quorum of 22.62% of the Company's outstanding common shares as at the record date of March 30, 2023. Shareholders voted in favour of all matters brought before them at the Meeting, which matters are discussed in detail in the Company's managemen
TORONTO, May 02, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – A significant majority of shares voted at Barrick's annual meeting today supported the three resolutions put to shareholders. Detailed results of the vote for the election of directors, the appointment of auditors and the advisory resolution on executive compensation are set out below. NomineeVotes For% ForVotes Withheld% WithheldD. Mark Bristow1,074,974,15199.48%5,585,5100.52%Helen Cai1,049,777,73097.15%30,781,9312.85%Gustavo A. Cisneros936,611,36986.68%143,948,29213.32%Christopher L. Coleman1,002,380,93992.76%78,178,7227.24%Isela Costantini1,068,790,36398.91%11,769,2981.09%J. Michael Evans970,278,8
TORONTO, May 03, 2022 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – An overwhelming majority of shares voted at the meeting supported the three resolutions put to shareholders at Barrick Gold Corporation's annual meeting today. Each of the eleven nominee directors listed in the Information Circular for the 2022 Annual Meeting of Shareholders was elected with at least 87% of the vote, the appointment of PricewaterhouseCoopers LLP as auditors received 88% of the vote and the advisory resolution on the company's approach to executive compensation gained 93% of the vote. Executive chairman John Thornton said the board was gratified by the outcome and thanked shareholder
LONDON, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) today announced the appointment of Hongyu Cai to its Board as an independent director. Ms Cai is a finance and investment professional with close to two decades of experience. After graduating from Massachusetts Institute of Technology (MIT), she worked firstly with Goldman Sachs Group (GS) in the United States and then with China International Capital Corporation (CICC) in the Greater China region until spring 2021. When covering the American natural resources sector in New York with GS as an equity research analyst, Ms Cai was highly ranked by StarMine. Subsequently, she followed the US technology
All amounts expressed in US dollars TORONTO, May 04, 2021 (GLOBE NEWSWIRE) -- At today's virtual annual and special meeting of Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX), the $750 million return of capital distribution proposed by the company's board was supported by over 99% of the shares voted at the meeting. This will be paid in three tranches in the course of 2021. More than 90% of the shares voted also approved resolutions on the election of directors and Barrick's approach to executive compensation, in what executive chairman John Thornton said was a strong show of support for Barrick's long-term growth strategy. "As owners of five of the top ten gold producing operations in th