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.
Barrick Gold's Kibali mine is set to meet its production targets for the year and is expected to grow its mineral reserves beyond ten years. President Mark Bristow highlighted ongoing technological advancements, including machine learning, that enhance safety and efficiency, while local employment remains a priority with Congolese nationals making up 94% of the workforce. Kibali has contributed $3.7 billion to the DRC economy through various payments and initiatives, alongside a successful anti-COVID-19 campaign that has vaccinated 21% of its workforce.
Barrick will announce its Q3 2021 results on November 4, 2021, hosted by President and CEO Mark Bristow in London at 11:00EDT / 15:00GMT. Preliminary production, sales, and cost data will be released on October 14, 2021, at 7:00EDT / 11:00GMT.
Participants can join a live presentation and interactive webinar linked to a conference call on the same day. Presentation materials will be accessible on Barrick’s website. For inquiries about the live event, contact Kathy du Plessis.
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Barrick Gold Corporation (NYSE:GOLD) announces strong performance from its Loulo-Gounkoto gold complex in Mali, which is expected to contribute significantly to the local economy. In 2021, Barrick has paid $318 million in taxes and invested over $13 million in community projects. The complex is maintaining production guidance, with a new underground mine ramping up and mineral reserves projected to increase for the third consecutive year. Additionally, Barrick emphasizes its commitment to social responsibility, with efforts in local employment and Covid-19 vaccinations.
Nevada Gold Mines (NGM) has signed an asset exchange agreement to acquire a 40% interest in the South Arturo Joint Venture from i-80 Gold Corp., along with an option for the Rodeo Creek property. In return, NGM will provide the Lone Tree and Buffalo Mountain properties, which are under care and maintenance. This move consolidates production and enhances operational flexibility for NGM, while also alleviating closure liabilities. The agreement includes contingent payments up to $50 million based on mineral resources and pending regulatory approvals.
Barrick Gold Corporation (NYSE:GOLD) announced that on September 15, 2021, it will distribute $0.1405092 per share as part of a $750 million return of capital, following shareholder approval in May 2021. This is the second tranche of the planned distributions, with the first paid in June and another expected in November. Additionally, a $0.09 per share dividend will also be paid on the same date. In total, Barrick will have returned almost $1 billion to shareholders in 2021, showcasing its robust financial position.
Barrick Gold Corporation (NYSE:GOLD) has become a patron of the Charge on Innovation Challenge, aimed at reducing emissions in surface mining. This global competition invites proposals for electrifying large haul trucks, crucial for mining decarbonization. Currently, over 350 companies from 19 industries are involved, with 80 submitting formal expressions of interest. Barrick aims for a 30% emissions reduction by 2030 and net zero by 2050. Evaluation of proposals will commence soon, with site trials expected in the coming years.
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Barrick Gold Corporation (NYSE:GOLD) announced its Q2 2021 results, reporting net earnings of $411 million and adjusted earnings of $513 million. Despite a 5% decline in gold production to 1,041,000 ounces, the company remains on track to meet its annual guidance. Key projects include the commissioning of the Phase 6 heap leach facility at Veladero and the completion of the third shaft at Turquoise Ridge. The firm declared a quarterly dividend of $0.09 per share, alongside a second $250 million capital return tranche. With a cash balance over $5 billion, Barrick is positioned for future growth.
Barrick Gold Corporation (NYSE:GOLD) announced a $250 million tranche of its $750 million return of capital distribution, set to be paid on September 15, 2021. This amount, approximately $0.14 per share, follows the previous $250 million distribution made in June. Additionally, a $0.09 per share dividend for Q2 will be paid on the same date. Shareholders of record by August 31, 2021, will receive these distributions. The final $250 million tranche is scheduled for distribution in November 2021, contingent on shareholder approval and company performance.