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Barrick Gold Corporation (GOLD) maintains this dedicated news hub for stakeholders tracking developments in gold and copper mining operations worldwide. Access official press releases and curated analysis covering production results, strategic initiatives, and operational milestones from one of the world's largest precious metals producers.
This resource provides investors with timely updates on quarterly earnings, mineral reserve estimates, and sustainability initiatives across Barrick's global portfolio. Discover detailed reporting on mine expansions, technological innovations in extraction processes, and partnership announcements that shape the company's position in the natural resources sector.
Key content categories include operational performance updates, leadership changes, exploration program results, and health/safety achievements. All materials adhere to strict factual reporting standards, offering reliable information for making informed decisions about this NYSE-listed mining enterprise.
Bookmark this page for direct access to Barrick Gold's latest corporate communications, including regulatory filings and market-moving announcements. Combine these primary sources with our independent analysis to maintain a comprehensive view of the company's financial and operational trajectory.
Barrick Gold Corporation (NYSE:GOLD) announced a quarterly dividend of $0.20 per share, including a performance component of $0.10.
Net cash at the end of Q1 stood at $743 million, boosted by cash from operations and asset sales. The Q1 gold production was 990,000 ounces, down from 1.2 million ounces in Q4 2021, with costs rising.
Significant developments include a framework agreement in Pakistan for the Reko-Diq project and progress on a tailings storage facility at Pueblo Viejo. The company remains confident in meeting its 2022 production guidance.
Barrick Gold Corporation (NYSE:GOLD) declared a dividend of $0.20 per share for Q1 2022, consisting of a base dividend of $0.10 and a performance enhancement of $0.10. This enhancement, tied to the company's strong financial health, is due to net cash exceeding $0.5 billion at the end of Q1. The dividend will be paid on June 15, 2022, to shareholders of record by May 27, 2022. The strong operating performance is credited for enabling this enhanced dividend, reflecting confidence in future financial streams.
Barrick Gold Corporation (NYSE:GOLD) held its annual meeting on May 3, 2022, where shareholders overwhelmingly supported three key resolutions. All eleven nominee directors were elected with over 87% approval, PricewaterhouseCoopers LLP was authorized as auditors with 88% support, and the advisory executive compensation resolution received 93% of votes in favor. Executive Chairman John Thornton expressed gratitude for the shareholders' confidence in the company's leadership and progress toward sustainability.
Barrick Gold Corporation (NYSE:GOLD) reported preliminary Q1 2022 sales of 1.0 million ounces of gold and 113 million pounds of copper. Gold production was affected by lower grades and maintenance issues, while copper production is expected to improve later in the year. The average market price for gold was $1,877 per ounce. Cost of sales per ounce for gold is expected to rise by 10% to 12%, with total cash costs anticipated to increase by 15% to 17% compared to the previous quarter. The company will release detailed results on May 4, 2022.
Nevada Gold Mines (NGM), majority owned by Barrick Gold (NYSE:GOLD), is investing in a 200 MW solar power plant to further its decarbonization goals. Partnering with First Solar, all modules will be manufactured in the United States. Construction is set to begin in Q3 2022, with module delivery anticipated in Q2 2023, aiming for project completion by early 2024. NGM targets a 20% carbon reduction by 2025 through this project and converting its coal power plant to natural gas, contributing to Barrick's broader goal of net-zero emissions by 2050.
Barrick Gold Corporation has announced a partnership with the federal government of Pakistan and the provincial government of Balochistan to revitalize the Reko Diq project, one of the largest undeveloped copper and gold deposits globally. This agreement enables Barrick to own 50% of the venture, which has been stalled since 2011. The project aims for a phased construction approach, beginning with a 40 million tonne per annum plant and is expected to generate approximately 4,000 long-term jobs. Production could commence in five to six years, contributing significantly to local economic development.
Barrick Gold Corporation (NYSE:GOLD) announced on April 8, 2022, the completion of the Dominican Government's strategic review for the new Tailings Storage Facility (TSF) for the Pueblo Viejo mine. This expansion aims to extend the mine's life beyond 2040 and support annual production exceeding 800,000 ounces. The Government pinpointed alternative sites for the TSF, and Barrick's assessment identified two sites in Sanchez Ramirez Province for further investigation. The project is expected to significantly contribute to the Dominican economy, increasing total tax payments to over $9 billion through the extended mine life.
Barrick will release its Q1 2022 results on May 4, 2022, with a virtual presentation hosted by President and CEO Mark Bristow at 11:00 EDT. Additionally, preliminary production, sales, and cost information will be available on April 14, 2022. Key event details include:
- Q1 Preliminary Info: April 14, 7:00 EDT
- Q1 Results Release: May 4, 6:00 EDT
- Live Presentation: May 4, 11:00 EDT
Materials will be accessible on Barrick's website.
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