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) 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.
Summary not available.
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.
Summary not available.
Barrick Gold Corporation (NYSE:GOLD) announced an upgrade in its long-term corporate credit rating from BBB to BBB+ by S&P Global Ratings, with a stable outlook. This upgrade is attributed to Barrick's strong financial flexibility, operational efficiency, and resilience against falling gold prices. The company's ability to generate significant free cash flows and reduce net debt has bolstered its position, alongside a robust liquidity situation with $130 million in cash and no major debt repayments until 2033. Barrick aims to execute on its strategic goals while enhancing returns to shareholders.
Barrick Gold Corporation (NYSE:GOLD) reported a strong start to 2022 at its Kibali mine in the Democratic Republic of Congo, expecting to match 2021 production levels. The mine has successfully replaced depleted reserves and continues to explore growth opportunities in open pit and underground mining. Key initiatives include community agreements and infrastructure improvements, alongside investment in health programs with zero lost time injuries reported. Barrick's commitment extends to environmental conservation, including a plan to reintroduce white rhinos to Garamba National Park.