Randgold Rsrcs Stock Price, News & Analysis

Barrick Mining (NYSE:GOLD/B, TSX:ABX) has announced two significant shareholder returns: a Q1 2025 dividend of $0.10 per share and the repurchase of 7.69 million shares during Q1 2025. The dividend, aligned with the company's Performance Dividend Policy, will be paid on June 16, 2025, to shareholders of record as of May 30, 2025. CFO Graham Shuttleworth highlighted the company's strong operating performance, growing margins, and robust balance sheet, which enable both shareholder returns and investment in growth projects. Additionally, Barrick announced its NYSE ticker symbol will change from 'GOLD' to 'B' effective May 9, 2025, while maintaining 'ABX' on the TSX.

Barrick Mining Corporation (NYSE:GOLD) has announced its official name change from Barrick Gold Corporation, with shareholders approving the resolution with 98.14% votes in favor. Starting May 9, 2025, the company will trade under the new ticker symbol 'B' on the NYSE, while maintaining 'ABX' on the TSX. The company also announced the election of directors at its Annual and Special Meeting, with all nominees securing approval. Notable voting results include Ben van Beurden receiving the highest approval at 99%, while John L. Thornton received the lowest at 85.26%. The appointment of auditors was approved with 93.24% support, and the advisory resolution on executive compensation passed with 91.28% of votes in favor.

Barrick Gold (NYSE:GOLD)(TSX:ABX) has announced plans to change its name to Barrick Mining , subject to shareholder approval at its Annual Meeting on May 6, 2025. The company will also change its NYSE ticker symbol from 'GOLD' to 'B', effective May 9, 2025, while maintaining 'ABX' on the Toronto Stock Exchange.

CEO Mark Bristow explained that the rebranding better reflects Barrick's expanding business model, which includes both gold and copper mining operations. While maintaining its foundation in gold mining with six Tier One gold mines, the company is developing a substantial copper business to diversify its portfolio. Key projects include the expansion of Pueblo Viejo, the Fourmile gold project in Nevada, and the Reko Diq project featuring both copper and gold deposits.

Barrick Gold (NYSE:GOLD) has announced an agreement to sell its 50% stake in the Donlin Gold Project in Alaska for up to $1.1 billion. The deal includes a $1 billion cash payment from Paulson Advisers and NOVAGOLD Resources Inc., who will acquire 80% and 20% respectively of Barrick's interest in Donlin Gold

Additionally, NOVAGOLD has been granted an option to purchase outstanding project-related debt for $90 million if acquired before closing, or $100 million if purchased within 18 months post-closing. Several existing shareholders, including Paulson, will backstop NOVAGOLD's purchase commitment.

The transaction is expected to close in late Q2 or early Q3 2025, subject to regulatory approvals and customary closing conditions. Barrick plans to use the proceeds to strengthen its balance sheet, invest in future operations, and support shareholder returns.

Barrick Gold (NYSE:GOLD) is facing escalating tensions with the Government of Mali regarding its Loulo-Gounkoto mine operations. Despite paying $85 million in October 2024 and reaching a framework agreement in February 2025, the situation has deteriorated with:

- Government's arrest of Barrick employees who remain in detention
- Suspension of gold shipments
- Closure of Barrick's Bamako office
- Threats to place the mine under provisional administration

The government is demanding tax payments while blocking gold exports, creating an unsustainable situation. Barrick maintains its willingness to implement the February agreement, which would restart production and release detained employees. The company warns it may pursue international arbitration if a resolution isn't reached, emphasizing the risk to Mali's economy and the mine's long-term viability.

Barrick Gold (NYSE:GOLD) has announced it will release its Q1 2025 financial results on Wednesday, May 7, 2025. The company will host a presentation of the results at 11:00 EDT, featuring President and CEO Mark Bristow.

The event will include an interactive webinar connected to a conference call, allowing participants to ask questions. The Q1 results will be initially released at 6:00 EDT, with presentation materials made available on the company's website.

Multiple access options are available for investors and analysts, including toll-free numbers for US/Canada participants and international dial-in numbers. The webinar will be archived for later viewing, and a conference call replay will be accessible via dedicated phone numbers.

Barrick Gold (NYSE:GOLD) has achieved a significant milestone as shareholders approve the Reko Diq Joint Venture's updated Feasibility Study and conditionally approve Phase 1 development capital, pending $3 billion project financing. The project aims for first production by end of 2028.

Fluor has been selected as the lead Engineering, Procurement and Construction Management (EPCM) partner for this major copper-gold project located in Balochistan, Pakistan. Key equipment suppliers include Metso, Weir, and Komatsu, who will provide processing and mining equipment.

The project will be supported by expert engineering consultants including Knight Piesold, PRDW, and Vecturis, who collaborated during the Feasibility Study phase. The selection emphasizes a commitment to delivering large-scale mining projects safely and efficiently, while prioritizing local content and community development.

Barrick Gold (NYSE:GOLD) has nominated two industry veterans to its Board of Directors for election at the May 6, 2025 shareholders meeting. Ben van Beurden, former Shell CEO, brings 40 years of energy sector experience, notably leading Shell's transformation into a diversified energy company with focus on natural gas and renewables. He currently serves as KKR's senior advisor for energy transition investments and holds board positions at Mercedes-Benz Group AG and Clariant.

Pekka Vauramo, former Metso CEO, brings extensive mining and logistics expertise. He led the successful Metso-Outotec merger in 2020, creating a sustainable technologies leader in minerals processing. His experience includes CEO roles at Finnair and leadership positions at Cargotec, Sandvik, and Outokumpu. He currently chairs boards at Huhtamaki Oyj and Valmet Oyj.

Barrick Gold (NYSE:GOLD) has announced ambitious plans to achieve 30% growth in gold equivalent ounces by 2030. The company reported strong 2024 performance, with a 69% increase in net earnings - the highest in a decade, 20% growth in operating cash flow, and doubled free cash flow compared to 2023.

Key developments include ramping up Pueblo Viejo, starting prefeasibility work at Fourmile, restarting Porgera operations, and completing feasibility studies for Reko Diq and Lumwana Expansion projects. The company plans to change its name to Barrick Mining to reflect its evolving production profile.

In response to undervalued equity, Barrick repurchased $498 million of shares in 2024 and will continue buybacks when shares trade below intrinsic value. The company also announced board changes, including new nominations and committee chair appointments.