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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.

Rhea-AI Summary
Barrick Gold projects 30% increase in production, emphasizes importance of growth projects and copper business. Owns and operates six Tier One gold mines. Plans to increase production by 30% by the end of the decade. Positive outlook for copper shortage. Ten-year base case production profile subject to change.
Rhea-AI Impact
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End-of-Day
-2.1%
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Rhea-AI Summary
Barrick Gold plans to double copper production by the end of the decade and increase it to 1 billion pounds per annum by 2031. The company expects this growth, combined with its gold portfolio, to increase attributable production by 30% to 6.8 million gold-equivalent ounces by 2031. The value of Barrick's copper business is currently underestimated by the market, according to CEO Mark Bristow.
Rhea-AI Impact
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End-of-Day
-0.12%
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Rhea-AI Summary
Barrick Gold Corporation holds approximately 7.6% of Cascadia Minerals Ltd. after a private placement of units. Barrick may acquire or dispose of additional securities depending on market conditions.
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Rhea-AI Sentiment
End-of-Day
-0.5%
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Rhea-AI Summary
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) is on target to meet its gold and copper production guidance for 2023. Key drivers of the anticipated H2 results are the completion of major maintenance projects at Nevada Gold Mines and the commissioning of the plant expansion at the Pueblo Viejo gold mine. Q2 gold production was up 6% at just over 1 million ounces, while copper production increased by 22% to 107 million pounds. Operating cash flow rose by 7% to $832 million, net earnings increased by 143% to 17 cents per share, and adjusted net earnings increased by 36% to 19 cents per share. The massive Pueblo Viejo expansion project is making significant progress, extending the mine’s life to beyond 2040 and sustaining gold production above 800,000 ounces per year going forward.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.3%
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Rhea-AI Summary
Barrick Gold Corporation (GOLD) declares a dividend of $0.10 per share for Q2 2023, in line with the Performance Dividend Policy. The dividend will be paid on September 15, 2023, to shareholders of record on August 31, 2023. The company maintains a strong balance sheet and offers potential upside through its Performance Dividend Policy.
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-0.3%
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Rhea-AI Summary
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1.1%
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Rhea-AI Summary
Barrick Gold Corporation (GOLD)(ABX) aims to restart operations at the Porgera gold mine in Papua New Guinea by the end of 2023. The company has secured the buy-in of all stakeholders and is finalizing the personnel recruitment plan, with preference given to local employment. The economic benefits will be shared 53% by the PNG stakeholders and 47% by Barrick Niugini. This follows the Security Forum and the opening of the Development Forum on July 20, a precondition for the granting of a special mining lease, by the Minister of Mining, the Hon Sir Ano Pala, at an event attended by the Prime Minister, the Hon James Marape, the Governor of Enga Province, Sir Peter Ipatas and several thousand Porgerans.
Rhea-AI Impact
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End-of-Day
1.1%
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Rhea-AI Summary
Barrick Gold Corporation aims to start production in 2028 at the Reko Diq copper-gold project in Pakistan. The signing of the New Reko Diq agreement last year was a significant milestone for the mining industry in Pakistan. Barrick believes in responsible extraction of resources and sharing value with all stakeholders.
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-1.5%
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1.19%
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Rhea-AI Summary
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Rhea-AI Sentiment
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0.86%
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Barrick Gold Corp.

NYSE:GOLD

GOLD Rankings

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.