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 has appointed Isela Costantini as an independent director. With over 25 years in international business, Costantini leads Grupo Financiero GST and has a remarkable background as former CEO of Aerolíneas Argentina and prominent roles at General Motors. She holds degrees in social communications and an MBA in marketing. Executive chairman John Thornton highlighted her expertise in business and regulatory affairs in Latin America, emphasizing her alignment with Barrick's culture of partnership and leadership development.
Barrick Gold Corporation (NYSE:GOLD) has significantly contributed $8.7 billion to Mali's economy over 25 years, with its Loulo-Gounkoto mines accounting for 5%-10% of the country's GDP in the last decade. CEO Mark Bristow announced that the complex is on track to meet 2022 production guidance and is investing in exploration and infrastructure upgrades. Notably, 95% of the workforce are Malian nationals. Barrick has also invested $395 million in local business partnerships, enhancing healthcare, education, and addressing malaria issues in surrounding communities.
Barrick Gold Corporation's Kibali mine, Africa's largest gold mine, is set to secure its Tier One status beyond depletion, according to CEO Mark Bristow. With a 13-year history and improved performance for three consecutive quarters, Kibali's exploration pipeline continues to expand, ensuring a business plan for at least another decade. A $4.2 billion investment has significantly benefited the Congolese economy. The mine's social development fund has earmarked $13.7 million for community projects, and it supports biodiversity initiatives, including reintroducing 76 white rhinos to Garamba National Park.
Barrick Gold Corporation (NYSE:GOLD) reports significant advancements in its Lumwana copper operation in Zambia. Since 2019, Lumwana has transformed into a profitable venture, achieving solid year-to-date production, employing over 4,400 individuals, predominantly Zambian nationals. The mine maintains an exceptional safety record with no fatalities since 2016. Future growth plans include developing a super pit, with a pre-feasibility study set to begin in 2023. The upcoming changes in Zambia's mineral royalty tax regime are expected to enhance cash flow, facilitating reinvestment in operations.
Barrick Gold Corporation (NYSE:GOLD) announced production exceeding 500,000 ounces from its North Mara and Bulyanhulu gold mines for the second consecutive year. CEO Mark Bristow highlighted successful mining operations and a partnership with the Tanzanian government that promotes a cooperative model in the mining sector. North Mara achieved a record of 505,000 tonnes of ore mined last quarter. Barrick aims for resource expansion and potential life extensions for both mines, while significantly contributing to the Tanzanian economy through local hiring and spending.
Barrick Gold Corporation's CEO Mark Bristow reports steady progress in finalizing agreements for the Reko Diq project, one of the world's largest undeveloped copper-gold deposits. Upon completion, ownership will be split among Barrick (50%), Balochistan province (25%), and state-owned enterprises (25%). The project is expected to cost approximately $7 billion and enter production between 2027 and 2028. Community development committees will be formed to oversee local benefits from the project, which also includes a $150,000 donation for flood relief in Balochistan.
Barrick Gold Corporation (NYSE:GOLD) reported preliminary Q3 2022 sales of 1.00 million ounces of gold and 120 million pounds of copper. Production was 0.99 million ounces of gold and 123 million pounds of copper. Access to anticipated high-grade ore at Nevada Gold Mines has been delayed to Q4 2022, but the company remains on track for its 2022 production guidance. The average market price for gold was $1,729 per ounce, while copper averaged $3.51 per pound. Cost metrics show expected increases for both gold and copper operations.
The Veladero gold mine in Argentina marks its 17th anniversary, with Barrick emphasizing its commitment to community partnerships and resource exploration. During a media briefing, Barrick's CEO announced the initiation of drilling campaigns targeting four high-interest areas. The mine has invested $22 million in local suppliers and is launching four new Community Development Committees to enhance local engagement. However, Barrick cautions that Argentina's financial issues, including inflation and currency restrictions, pose risks to the mining industry's viability.
Barrick Gold Corporation (NYSE:GOLD) will announce its Q3 2022 results on November 3, 2022. CEO Mark Bristow will host a live presentation in London at 11:00 EDT / 15:00 GMT, which will include an interactive webinar. Preliminary production, sales, and cost information for Q3 will be released on October 13, 2022, at 07:00 EDT / 12:00 BST. The conference call will be available for replay after the event, with presentation materials accessible on Barrick's website.
Barrick Gold Corporation (NYSE:GOLD) has finalized the sale of a portfolio of 22 royalties to Maverix Metals Inc., receiving $50 million in cash. Following a buy-down right exercised by Skeena Resources Limited on the Eskay Creek mine, Barrick also stands to gain up to an additional $10 million based on contingent conditions. The transaction highlights Barrick's strategic asset management and financial positioning within the gold sector.