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Barrick Gold Corp. - GOLD STOCK NEWS

Welcome to our dedicated news page for Barrick Gold (Ticker: GOLD), a resource for investors and traders seeking the latest updates and insights on Barrick Gold.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Barrick Gold's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Barrick Gold's position in the market.

News
Clear Strategies and Strong Partnerships Set Barrick Up to Outperform, Says Bristow
Rhea-AI Summary
Barrick Gold Corporation reports strong fourth-quarter and full-year 2023 results, with increased gold and copper production, robust financial performance, and sustainable growth outlook. The company's financials show a 7% rise in operating cash flows, a 50% increase in free cash flow, and a 200% rise in net earnings per share. Barrick maintains a strong balance sheet with almost no net debt and significant reserve growth. The company also announces a dividend of $0.10 per share and a new $1.0 billion share buyback program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
Tags
partnership
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News
Barrick Announces New Share Buyback Program
Rhea-AI Summary
Barrick Gold Corporation (NYSE:GOLD) announces a new $1.0 billion share repurchase program, replacing the 2023 program. The company aims to buy back common shares over the next 12 months at market prices. Barrick repurchased $424 million in 2022. The program allows purchases through various methods, with no obligation to acquire a specific number of shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
Tags
buyback
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News
Barrick Declares Q4 Dividend
Rhea-AI Summary
Barrick Gold Corporation declares a dividend of $0.10 per share for the fourth quarter of 2023, in line with its Performance Dividend Policy. The dividend will be paid on March 15, 2024, to shareholders of record as of February 29, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
Tags
dividends
News
NGM Strongly Positioned for Growth
Rhea-AI Summary
Nevada Gold Mines (NGM) under Barrick Gold Corporation (NYSE:GOLD) shows strong performance and growth prospects in 2024. Key highlights include record production at Cortez, Goldrush project development, and renewable energy initiatives. Investments in skilled labor and community infrastructure aim to sustain long-term success.
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News
Geologically Driven Asset Management Delivers Barrick’s Third Successive Year of Reserve Growth at Sustained Quality, While Unlocking Embedded Growth Portfolio
Rhea-AI Summary
Barrick Gold Corporation (GOLD) has reported a 5 million ounce increase in attributable proven and probable gold mineral reserves before 2023 depletion, reaching a total of 77 million ounces at 1.65g/t. The company also replaced over 140% of gold reserve depletion since the end of 2019, adding almost 29 million ounces of proven and probable reserves. Additionally, Barrick replaced 124% of annual global copper depletion, maintaining 5.6 million tonnes of attributable proven and probable copper mineral reserves at 0.39% in 2023. The company's strategy of investing in organic growth through exploration and mineral resource management aims to increase the production profile to approximately 6.5 million gold equivalent ounces per year by the end of this decade.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.74%
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News
Africa’s Largest Gold Mine Now Also One of Its Greenest
Rhea-AI Summary
Barrick Gold Corporation announces Kibali, the largest gold mine in Africa, as one of the greenest mines on the continent. The mine's renewable electricity supply is expected to increase from 81% to 85%, with 6 months of the year being entirely met by renewable energy. The mine has made significant contributions to the local economy and community development in the Democratic Republic of Congo. Operationally, Kibali achieved its production guidance for 2023 and set a new annual throughput record.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
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News
Barrick Continues to be a Major Value Creator for Mali
Rhea-AI Summary
Barrick Gold Corporation has been a valuable partner to Mali for 27 years, contributing almost $10 billion to the Malian economy and accounting for 5-10% of Mali's GDP over the past 10 years. The company has developed a world-class local skill base and its flagship Loulo-Gounkoto complex is managed by an entirely Malian team. The complex ranks among the world’s largest gold producers and continues to identify new high-priority targets for future discoveries. Barrick is also committed to increasing its use of renewable energy sources and has completed community development projects in Mali.
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Barrick’s Lumwana Super Pit Project On Track for First Production in 2028
Rhea-AI Summary
Barrick Gold Corporation accelerates the Lumwana copper mine's Super Pit expansion project, transforming it into one of the world's major copper mines with an annual production of around 240,000 tonnes per year over a +30-year life. The estimated cost of the project is almost $2 billion, with construction scheduled to start towards the end of this year. Since 2019, Lumwana has contributed almost $3 billion to the Zambian economy in the form of royalties, taxes, salaries, and local procurement. Barrick has also launched a Business Accelerator Program to build the business capacity of Zambian contractors in its supply chain. The REDD+ initiative aims to uplift host communities through forest conservation, with resources already allocated and engagement with the communities underway.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.57%
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none
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News
Barrick’s Tanzanian Mines on Tier One Track With Potential for Extending Lives, Growing Production
Rhea-AI Summary
Barrick Gold Corporation's North Mara and Bulyanhulu gold mines have met their production guidance for 2023, achieving strong performance. The transformation of these mines into a world-class complex showcases the potential of the partnership between mining companies and the Government of Tanzania. The mines have replenished their reserves after depletion, with potential for further underground operations and increased production. Barrick's investment in the Tanzanian economy totals more than $3.4 billion, contributing significantly to the government's revenue. The company has also received accolades for its value-adding partnerships, community contributions, and health and safety programs. Additionally, Twiga Minerals is nearing completion of its Future Forward education initiative and progressing its pledge to build a world-class road to the Kahama airport. Barrick has made a significant impact on Tanzania's economic growth and represents the future of mining in developing countries.
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New Airport Terminal at Kahama Airstrip to Leave Lasting Legacy at Barrick’s Buzwagi Gold Mine
Rhea-AI Summary
Barrick Gold Corporation's president and CEO, Mark Bristow, highlighted the importance of leaving a positive legacy for local communities after mining is complete. The company handed over a new airport terminal to the Tanzania Airport Authority, marking the conclusion of an eight-month partnership. The total cost of the project was $384,000, with Barrick contributing 70% and TAA contributing 30%. The new terminal is expected to serve as a catalyst for economic growth in the region, with the potential to create 3,000 jobs annually and generate significant tax revenue.
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Stock GOLD logo
Barrick Gold Corp.

NYSE:GOLD

GOLD Rankings

#389 Ranked by Market Cap
#1347 Ranked by Stock Gains
#1057 Ranked by Dividends

GOLD Stock Data

31.59B
1.74B
0.62%
63.69%
0.71%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Toronto

About GOLD

our vision is the generation of wealth through responsible mining—wealth for our owners, our people, and the countries and communities with which we partner. we aim to be the leading mining company focused on gold, growing our cash flow per share by developing and operating high-quality assets, through disciplined allocation of human and financial capital, and operational excellence. barrick has mining operations in argentina, australia, canada, chile, dominican republic, papua new guinea, peru, saudi arabia, the united states, and zambia. the company was founded in 1983, and is headquartered in toronto. barrick's shares trade on the new york stock exchange and the toronto stock exchange under the symbol abx.