Welcome to our dedicated page for Gold.com news (Ticker: GOLD), a resource for investors and traders seeking the latest updates and insights on Gold.com stock.
Gold.com, Inc. (NYSE: GOLD) features prominently in news related to precious metals, numismatics, and alternative assets. As a fully integrated platform serving consumers, collectors, and institutional clients, the company regularly issues updates on acquisitions, strategic investments, brand developments, and notable auctions conducted through its marketplace brands.
News about Gold.com often covers corporate milestones such as its rebrand from A‑Mark Precious Metals to Gold.com and the transition of its common stock listing to the New York Stock Exchange under the ticker symbol GOLD. Coverage also includes announcements about events like ringing the NYSE Opening Bell in connection with its new listing and brand identity.
Investors and collectors following GOLD news can expect updates on transactions and partnerships, including the closing of the acquisition of Monex Deposit Company and related entities, and additional equity investments in Atkinsons Bullion & Coins, a United Kingdom‑based online retailer of precious metals, bullion, and coins. These items illustrate how Gold.com expands its direct-to-consumer footprint and enhances its alternative assets platform.
Another recurring theme in Gold.com news involves numismatic and collectibles activity through Stack’s Bowers Galleries and other brands. For example, the company has highlighted a landmark auction of special Lincoln pennies, including a 24‑karat gold penny and coins bearing an “Ω” privy mark, conducted on behalf of the United States Mint.
By monitoring this page, readers can review company-issued press releases and market updates that reflect Gold.com’s role in precious metals trading, direct-to-consumer sales, secured lending, and logistics and storage related to alternative assets.
Barrick Gold Corporation (NYSE:GOLD) declared a $0.10 per share dividend for Q4 2022, aligned with its Performance Dividend Policy. This dividend will be payable on March 15, 2023 to shareholders on record as of February 28, 2023.
In 2022, Barrick returned $1.6 billion to shareholders through dividends and share buybacks, surpassing the $1.4 billion in 2021. The company repurchased 24.25 million shares under a buyback program initiated in February 2022. CFO Graham Shuttleworth highlighted the strong operational performance contributing to these record returns.
Barrick Gold Corporation (NYSE:GOLD) reported a 6.7 million ounce increase in attributable proven and probable gold reserves for 2022, reaching a total of 76 million ounces at 1.67g/t. This follows a significant increase in copper reserves as well, with attributable proven and probable copper reserves growing by 640 million pounds despite price increases. The company achieved 103% replacement of annual global depletion in reserves and aims to boost production from 5.5 to 6.5 million gold equivalent ounces by 2030. Strategic investments in organic growth and successful assessments at several mines have contributed to this positive outlook.
Summary not available.
Barrick Gold Corporation (NYSE:GOLD) recently paid $3 million to the Balochistan provincial government as part of its new Reko Diq partnership. This payment marks the beginning of a scheduled financial commitment following the signing of definitive agreements. The project is expected to generate approximately 7,500 jobs during peak construction and around 4,000 long-term positions once operational. The Reko Diq project aims to produce high-quality copper-gold concentrates and will be developed in two phases, with first production targeted for 2028. The feasibility study update is expected to be completed by the end of 2024.
Barrick Gold Corporation (NYSE:GOLD) announced that its Kibali mine in the Democratic Republic of Congo is poised to replenish its gold reserves and enhance its growth opportunities. CEO Mark Bristow highlighted ongoing drilling efforts to convert resources into reserves and explore new targets. The operation's energy needs are primarily met by hydropower, supplemented by a solar plant set for 2025, increasing renewable energy usage. Additionally, Kibali has launched a reforestation initiative and is introducing rhinos to Garamba National Park. The mine's commitment to local employment is underscored by appointing its first Congolese general manager.
Barrick Gold Corporation (NYSE:GOLD) announced the successful operational performance of its Loulo-Gounkoto mining complex in Mali for 2022, meeting production guidance and contributing significantly to the local economy.
The complex generated $260 million in direct economic contributions and $570 million indirectly. A third underground mine at Gounkoto is on track for ore production in Q2 2023, and the company has emphasized local employment, with Malian nationals making up 100% of management.
Additionally, the expansion of the solar power plant aims to reduce CO2 emissions by 62kt annually, reflecting Barrick's commitment to sustainable practices.
Barrick Gold Corporation (NYSE:GOLD) reported a combined gold output of 547,000 ounces from its Tanzania mines, North Mara and Bulyanhulu, in 2022. The company aims for Tier One asset status and continues exploration to grow mineral reserves. North Mara has transitioned to owner-mining, enhancing operational efficiency, while Bulyanhulu focuses on accessing new reserves. Since 2019, Barrick invested $2.4 billion in Tanzania, contributing $303 million in various payments last year, and maintaining a workforce that is 96% Tanzanian. Community investments exceed $10 million.
Barrick Gold Corporation (NYSE:GOLD) announced its preliminary production results for Q4 and the full year of 2022. Preliminary gold production for the year totaled 4.14 million ounces, slightly below guidance of 4.2 million ounces, with a notable increase of 13% in Q4 production compared to Q3. Q4 saw sales of 1.11 million ounces of gold and 99 million pounds of copper. The average gold price in Q4 was $1,726 per ounce, while copper averaged $3.63 per pound. Despite stronger production at key sites, overall copper production for Q4 was lower due to increased waste stripping and lower grades. More detailed results will be discussed on February 15, 2023.
Barrick Gold Corporation (NYSE:GOLD) announced plans to complete the Reko Diq feasibility study update by the end of 2024, with first production targeted for 2028. The project, located in Balochistan, will be operated by Barrick, which holds 50% ownership. During a project review, Barrick's president Mark Bristow highlighted the mine's long-term economic benefits, including a life expectancy of at least 40 years. An initial payment of $3 million will be made this month to the province as part of a memorandum of agreement signed with local officials.
The project aims to create jobs and support community development, focusing on food security, education, and healthcare.
Barrick Gold Corporation (NYSE:GOLD) has signed joint venture agreements with Ma’aden for exploration projects in Saudi Arabia, covering the Jabal Sayid South and Umm Ad Damar areas. This venture will enhance Barrick's exploration presence and strengthen its existing partnership with Ma’aden. The Jabal Sayid mine, a successful 50/50 joint venture, saw production rise from 110 million to 152 million pounds between 2018 and 2021 due to improved operations. Barrick's CEO emphasized their commitment to exploration and strengthening their Saudi partnership to support the country's mining goals.