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 Corporation (NYSE: GOLD) reported that its Loulo-Gounkoto mining complex in Mali remains unaffected by the local political situation, with operations continuing normally. The company confirmed that it has sufficient inventory to meet future needs and is actively securing supply lines. Barrick is closely monitoring the political landscape and is in consultation with local stakeholders to ensure operational continuity.
Barrick Gold Corporation (NYSE:GOLD) reported solid second quarter results, with year-to-date gold production at 2.4 million ounces, well within 2020 guidance of 4.6 to 5 million ounces. Operating cash flow reached over $1 billion, and free cash flow was $522 million. Net earnings per share stood at 20 cents, while adjusted net earnings rose 44% to 23 cents. Net debt decreased nearly 25% to $1.4 billion. The company increased its quarterly dividend by 14% to $0.08 per share. Barrick remains focused on ongoing projects and asset disposals, realizing $1.5 billion in value.
Barrick Gold Corporation (NYSE:GOLD) declared a dividend of US $0.08 per share for Q2 2020, a 14% increase from the previous quarter. This dividend will be payable on September 15, 2020 to shareholders on record as of August 31, 2020. Senior EVP Graham Shuttleworth attributed the increase to Barrick's strong financial performance, noting a liquidity of $6.7 billion with $3.7 billion in cash and no significant debt repayments until 2033.