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.
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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.
Barrick Gold Corporation’s Kibali mine is projected to achieve the upper end of its 2020 guidance, as noted by CEO Mark Bristow. This mine, a leader in automation, has set a new record in ore delivery, indicating improved efficiency. Innovations like battery technology are reducing Kibali’s carbon footprint. The mine is also enhancing local economies via infrastructure projects and community initiatives, including skills training and healthcare improvements. Kibali remains a Tier One mine, contributing significantly to the DRC's economy and Barrick's ongoing exploration efforts.
Barrick's Pueblo Viejo mine paid $108 million in October 2020, contributing a total of $385 million in taxes and royalties to the Dominican government for the year. The payments are significantly higher than 2019 due to rising gold prices. An advance royalty payment of $95 million for 2022 and 2023 has been agreed upon to support Covid-19 responses. The mine also employs 2,247 people, most of whom are Dominicans, and has committed $1 million to local Covid-19 relief efforts. Environmental remediation efforts have improved water quality in the area, with extensive monitoring in place.