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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
Barrick Reports Higher Q4 Gold Production
Rhea-AI Summary
Barrick Gold Corporation reported preliminary full year and fourth quarter 2023 production results, with 4.05 million ounces of gold and 420 million pounds of copper produced. The average market price for gold in Q4 was $1,971 per ounce and for copper was $3.70 per pound. The Q4 gold production improved from Q3, but costs per ounce are expected to be higher. Preliminary Q4 copper production was consistent with Q3, but costs per pound are expected to be higher. The company will provide additional discussion and analysis regarding its full year and Q4 2023 production and sales when it reports its quarterly and full year results on February 14, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.52%
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News
Notice of Release of Barrick’s Fourth Quarter 2023 Results
Rhea-AI Summary
Barrick Gold Corporation (GOLD) to release Q4 2023 results on February 14, 2024. President and CEO Mark Bristow to host live presentation with interactive webinar and conference call. Preliminary production, sales, and cost information to be released on January 16, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.64%
Tags
earnings
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News
Passing of Gustavo Cisneros
Rhea-AI Summary
Barrick Gold Corporation (GOLD) Mourns the Passing of Board Member Gustavo Cisneros
Rhea-AI Impact
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End-of-Day
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News
Recommissioning Starts as Porgera Prepares to Resume Operations in Q1 2024
Rhea-AI Summary
Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) has formally completed the Porgera Project Commencement Agreement, starting work on the recommissioning of the Porgera gold mine in Papua New Guinea. The mine has been in care and maintenance since April 2020, and the work is expected to be completed in a few weeks, with mining and processing restarting in the first quarter of 2024. Barrick president and chief executive Mark Bristow led the negotiations for the restart agreement, emphasizing the new ownership structure's alignment with the company’s host country partnership business model. Operated by Barrick through Barrick Niugini Limited (BNL), a joint venture with Zijin Mining, Porgera joins the company’s sector-leading gold asset portfolio with the potential for a Tier One production profile.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
Tags
earnings
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News
Goldrush Mine Gets Go-Ahead
Rhea-AI Summary
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has received approval from the US Bureau of Land Management for its new Goldrush underground mine at the Cortez Complex near Beowawe, Nevada. The mine is expected to produce 130,000 ounces in 2024 and grow to approximately 400,000 ounces per annum by 2028, with an investment of over $370 million to date and an anticipated total spending of approximately $1 billion. The project is expected to create approximately 500 jobs during construction and 570 new jobs during operations. The addition of Goldrush expands Barrick's asset base and demonstrates the complex's potential for growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.71%
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News
Porgera Gold Mine Set to Restart Production This Month
Rhea-AI Summary
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) announced the resumption of operations at the Porgera mine in Papua New Guinea, with an expected gold pouring in the first quarter of 2024. The new ownership structure, with 51% owned by PNG stakeholders and 49% by Barrick Niugini Limited, is set to bring in over $7 billion in economic benefits over the mine's projected 20-year life. The partnership model gives PNG stakeholders a majority interest in the mine for the first time, representing a significant revival of the country's economy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.71%
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none
News
Barrick Named Tanzania’s Employer of the Year
Rhea-AI Summary
Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) has been honored as the Employer of the Year at the 2023 Association of Tanzania Employers (ATE) Awards for its North Mara Gold Mine operations. The company, jointly owned with the Tanzanian Government through Twiga Minerals Corporation, achieved multiple wins, including Overall Private Sector Employer, Best Corporate Social Responsibility, Excellence in Crisis Management, and more. The recognition highlights Barrick's commitment to employment practices, corporate citizenship, and taxation compliance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.63%
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News
Barrick Supports Consolidated Standard for Responsible Mining
Rhea-AI Summary
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) supports the consolidation of responsible mining standards by The Copper Mark, Mining Association of Canada, ICMM, and the World Gold Council. Barrick has been advocating for this initiative for years, aiming to reduce complexity and provide clear direction for responsible mining. President and CEO Mark Bristow emphasizes the importance of multi-stakeholder oversight in the development of the standard.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.25%
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News
Barrick Announces Additional Investment in Hercules Silver
Rhea-AI Summary
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) announced the purchase of 7,000,000 warrants to purchase common shares of Hercules Silver Corp. for C$6,580,000, immediately exercised at C$0.11 per share. Barrick now owns 33,556,870 common shares and 6,804,918 warrants of Hercules, representing approximately 15.09% of the outstanding Hercules common shares on a non-diluted basis, and 17.61% on a partially-diluted basis. Barrick acquired the Hercules shares for investment purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.59%
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News
Barrick Announces Investment in Hercules Silver
Rhea-AI Summary
Barrick Gold Corporation has agreed to subscribe for 21,265,370 units of Hercules Silver Corp. in a non-brokered private placement at a price of $1.10 per unit, for a total consideration of $23,391,907. Following the private placement, Barrick will hold approximately 12.33% of Hercules' issued and outstanding common shares on a non-diluted basis.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.15%
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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.