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. reports developments as a fully integrated alternative assets platform focused on precious metals, numismatic coins, and collectibles for consumers, collectors, and institutional clients. Its news commonly covers earnings, metal-price and demand conditions, direct-to-consumer brands including JMBullion.com, Stack’s Bowers Galleries, GovMint.com, Monex Precious Metals, and Goldline, and wholesale trading through A-Mark Precious Metals.
Company updates also address its minting and refining operations, including Sunshine Minting and Silver Towne Mint, secured lending through Collateral Finance Corporation, logistics and IRA-approved storage through A-Mark Global Logistics, share repurchase activity, strategic investment, board changes, and commercial links between physical precious metals and gold-backed digital assets.
Barrick Gold Corporation (NYSE:GOLD) reported preliminary results for 2020, achieving gold production of 4.8 million ounces, within the guidance range of 4.6-5.0 million ounces. Copper production reached 457 million pounds, also within guidance. Q4 results featured 1.19 million ounces of gold sales and average gold prices at $1,874 per ounce. Costs for Q4 are expected to remain consistent, with gold all-in sustaining costs projected to be 3-5% lower than Q3 2020. Detailed results will be provided on February 18, 2021.
Barrick Gold Corporation announced the upcoming release of its Q4 and full year 2020 results on February 18, 2021. The preliminary production, sales, and cost information will be available on January 14, 2021. A virtual presentation led by President and CEO Mark Bristow will occur on the results release day at 11:00 EST. Investors can participate in an interactive webinar and a conference call linked to the presentation. The webinar materials will be accessible on Barrick’s website for later viewing.
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Barrick Gold has completed the sale of its interest in Morila Gold Limited to Firefinch Limited for $28.8 million. This transaction allows Firefinch to access additional resources, potentially extending the mine's life, which was previously set for closure in 2021. Barrick aims to focus on Tier One mines capable of producing over 500,000 ounces of gold annually. The Morila mine has produced 6.9 million ounces of gold since 2000 and contributed over $2.5 billion to stakeholders.
Barrick Gold Corporation (NYSE:GOLD) reported significant financial improvements in Q3 2020, with an 80% increase in operating cash flow to $1.9 billion and a 151% rise in free cash flow to a record $1.3 billion. Net earnings per share reached 50 cents, while adjusted net earnings surged 78% to 41 cents. Debt decreased by 71% to $417 million, and dividends rose 12.5% to 9 cents per share. Barrick remains on track for gold production guidance, expecting 4.6-5.0 million ounces for the year.
Barrick Gold Corporation (NYSE:GOLD) has declared a third-quarter dividend of $0.09 per share, marking a 12.5% increase from the previous quarter. The payout will be distributed on December 15, 2020, to shareholders on record as of November 30, 2020. This increase is the third in the past year, with dividends having tripled since the Barrick-Randgold merger. The company reported total liquidity of $7.7 billion and a cash balance of $4.7 billion, indicating strong financial health.
Barrick Gold Corporation (NYSE:GOLD) has appointed Anne Kabagambe as an independent director on its Board, enhancing its leadership with her extensive experience in international institutions. Kabagambe, a former Executive Director at the World Bank, brings 35 years of leadership experience, emphasizing her advocacy for gender equality and diversity. Her previous roles include significant positions at the African Development Bank, where she fostered partnerships across various sectors. Barrick's Executive Chairman noted that her insight into global business and governance will strengthen the Board's capabilities.
Barrick Gold Corporation (NYSE:GOLD) announced that Moody’s upgraded its senior unsecured ratings from Baa2 to Baa1, maintaining a Stable outlook. Moody's praised Barrick's excellent liquidity, which enables it to navigate gold price fluctuations effectively. CFO Graham Shuttleworth highlighted the company's strengthened balance sheet since its merger with Randgold, citing strong operating and free cash flows, enhanced liquidity, and a reduction in net debt. Barrick aims to continue building on these positive developments in the future.
Barrick Gold Corporation's Loulo-Gounkoto complex is on track to meet the upper end of its 2020 guidance despite challenges, including a military coup in Mali. CEO Mark Bristow highlighted the company’s strong local partnerships and commitment, noting $7.4 billion contributed to Mali's economy over 24 years. The third underground mine at Gounkoto is set to deliver its first ore in Q2 2021, while the first solar power plant is operational. To date, the complex has paid $160 million in dividends, with Morila being sold to Mali Lithium, enabling reallocation of assets for local benefit.
Twiga Minerals Corporation, established by Barrick and the Government of Tanzania, has quickly proven its value by paying $300 million to settle past disputes with the government. Recent financial highlights include over $200 million in taxes and royalties, along with a maiden interim dividend of $250 million. The company plans to enhance production capabilities at North Mara and Bulyanhulu, targeting a combined output of at least 500,000 ounces of gold annually. Additionally, Barrick has been awarded new exploration licenses, with $8 million allocated for exploration this year.