Barrick Mining Corporation reports developments tied to its global gold and copper mining, exploration and development portfolio. Company news commonly covers operating and financial results, mine and project updates, technical and governance matters, and capital allocation actions for common shares that trade on the NYSE under B and on the TSX under ABX.
Recurring updates include quarterly results releases, dividend declarations, share repurchase authorizations, annual meeting materials and changes in executive or board oversight. Barrick also reports on its gold assets in North America and other mining jurisdictions, including disclosures connected to major mines, development projects, reserves, production, costs, cash flow and responsible mining obligations.
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Barrick Gold Corporation has unveiled its 2022 Sustainability Report, aligning its sustainability strategy with the United Nations’ Sustainable Development Goals (SDGs). President Mark Bristow highlighted that this approach avoids a purely compliance-driven model and enables a comprehensive tackling of issues like poverty and climate change. In 2022, Barrick generated over $10.7 billion in economic value, created 21,000 jobs, and procured $1.4 billion in goods from nearby suppliers. It has also committed $36 million for community development and achieved a 6% reduction in emissions from the previous year. Notably, Barrick aims for net-zero emissions by 2050, while also focusing on gender equality in its workforce.
Barrick Gold Corporation (NYSE:GOLD) announced preliminary Q1 2023 results, reporting gold production and sales of 0.95 million ounces and copper production and sales of 89 million pounds. The average market price for gold was $1,890 per ounce, while copper was $4.05 per pound. Production declines were attributed to maintenance activities at Carlin and adverse winter conditions in northern Nevada. Compared to Q4 2022, gold cost of sales per ounce increased by 3% to 5%, total cash costs by 13% to 15%, and all-in sustaining costs by 9% to 11%. Copper costs increased as well, with C1 cash costs per pound rising by 19% to 21%. Barrick will report full Q1 results on May 3, 2023.