Barrick Gold Corp. - $GOLD STOCK NEWS

Barrick Gold reported its Q1 results showing steady gold and copper production growth to meet full year targets. Despite lower production due to delays and maintenance, the company's financials saw a significant increase in net earnings and operating cash flow. Barrick is progressing major organic growth projects and maintaining a strong focus on exploration, sustainability, and value delivery. The company remains on track to achieve its 2024 targets, with a positive outlook for its copper projects and sustainable energy initiatives.

Barrick Gold (NYSE:GOLD)(TSX:ABX) has declared a dividend of $0.10 per share for Q1 2024, in line with its Performance Dividend Policy. The dividend will be paid on June 17, 2024, to shareholders of record on May 31, 2024. This decision reflects the company's strong balance sheet and global asset base, ensuring continued shareholder returns and business growth.

Barrick Gold announced the election of directors at the 2024 Annual Meeting of Shareholders. Voting results for directors, auditors, executive compensation, and shareholder proposal were provided. Notable victories include Mark Bristow, Isela A. Costantini, and Andrew J. Quinn. The investor and media relations contact information is also available.

Barrick Gold is on track to achieve its 2024 targets with preliminary Q1 production of 940 thousand ounces of gold and 40 thousand tonnes of copper. The company expects production to increase each quarter, with higher costs in Q1 due to lower production levels. Barrick remains focused on meeting its full-year gold and copper guidance.

Barrick Gold (NYSE:GOLD)(TSX:ABX) will release its Q1 2024 results on May 1, 2024, with a live presentation by President and CEO Mark Bristow. Preliminary production, sales, and cost information will be released on April 16, 2024. Participants can join an interactive webinar linked to a conference call on the release day.

Barrick Gold , after a transformational merger with Randgold Resources, has restructured itself into a modern mining business with a global asset base of high quality. The company aims for sustainable profitability and sustainability as core activities. Barrick has made significant progress in various projects, such as the Reko Diq project in Pakistan and the Porgera gold mine in Papua New Guinea. The company's balance sheet has improved, allowing it to fund growth projects and take advantage of new opportunities. Barrick's Board focuses on diversity and renewal, with virtual meetings for shareholders being held. The company's footprint spans 18 countries across four continents, focusing on gold and copper regions.

Barrick Gold announces plans to invest in new gold and copper opportunities in partnership with the government of the DRC based on the success of Kibali, Africa's largest gold mine. The company highlights its commitment to local contractors and suppliers, renewable energy transition, and biodiversity preservation.

Barrick Gold opens Barrick Academy at Buzwagi mine, aiming to train frontline managers and create a positive legacy. The Academy plans to train over 2,000 managers in the next 24 months and expand its curriculum to include financial leadership and safety courses. The construction of an airport terminal at Buzwagi’s Kahama airstrip is expected to boost economic growth in the region, with plans to turn Buzwagi into a Special Economic Zone. The conversion of the mine into a SEZ could create 3,000 jobs annually and generate significant revenue for the local municipality.

Barrick Gold 's 2023 Annual Report highlights a strong focus on exploration, reserve replenishment, and sustainable operations. The company increased gold reserves to 77 million ounces and replaced 112% of annual gold production. Year-on-year operating cash flow grew by 7%, free cash flow by 50%, and adjusted net earnings by 12%. Barrick's commitment to sustainability, Tier One assets, and human capital investment are key drivers of its success.