Key Developments: African Barrick Gold PLC (ABGL.L)

ABGL.L on London Stock Exchange

204.10GBp
9:06am EDT
Price Change (% chg)

9.10p (+4.67%)
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195.00p
Open
196.80p
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205.50p
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195.70p
Volume
687,272
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604,976
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322.30p
52-wk Low
149.60p

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Latest Key Developments (Source: Significant Developments)

African Barrick Gold Plc reiterates FY 2014 production guidance
2:00am EDT 

African Barrick Gold Plc:Says FY 2014 production guidance reiterated of upwards of 700,000 ounces with cost guidance tightened to around $740 and around $1,100 per ounce sold, for cash costs and AISC respectively (previously $740-790 and $1,100-1,175).  Full Article

African Barrick Gold Plc approves interim dividend
Friday, 25 Jul 2014 02:00am EDT 

African Barrick Gold Plc:Approves an interim dividend for 2014 of US1.4 cents per share, an increase of 40 pct when compared to H1 2013.The interim dividend will be payable on Sept. 22 to holders on record at Aug. 29.The ex-dividend date will be Aug. 27.  Full Article

Barrick Gold Corporation completes partial divestment of African Barrick Gold Plc holding
Tuesday, 11 Mar 2014 04:28am EDT 

Barrick Gold Corporation:Completes divestment of 41 mln ordinary shares in African Barrick Gold plc.Representing in aggregate about 10 pct of issued ordinary share capital of ABG, at price of 275 pence per ordinary share, raising gross proceeds of about 113 mln Pound ($188 mln).  Full Article

African Barrick Gold PLC recommends final dividend
Wednesday, 12 Feb 2014 02:00am EST 

African Barrick Gold PLC:Recommends the payment of a final dividend of $0.02 per ordinary share for 2013.Says final dividend will be paid on May 23 to shareholders on the register on May 2.Says the ex-dividend date is Apr. 30.  Full Article

African Barrick Gold PLC Announces Agreement To Transfer Tulawaka
Friday, 15 Nov 2013 03:25am EST 

African Barrick Gold PLC announced it is has reached an agreement with STAMICO, the Tanzanian State Mining Corporation, whereby STAMICO will acquire the Tulawaka Gold Mine (Tulawaka) and certain exploration licenses surrounding Tulawaka for consideration of USD4.5 million and the grant of a 2% net smelter royalty on future production in excess of 500,000 ounces, capped at USD500,000. As part of the agreement, STAMICO will take ownership and management of the rehabilitation fund established as part of the closure plan for the mine, in return for the assumption of all remaining past and future closure and rehabilitation liabilities for Tulawaka, and will indemnify the other parties to the agreement in relation to these liabilities. This will result in a cash payment by ABG to STAMICO of the balance of the rehabilitation fund, which currently stands at USD17.6 million, less the transaction consideration on completion. Tulawaka is 100% owned by the Tulawaka Joint Venture, in which ABG holds a 70% economic interest through a wholly owned subsidiary, with MDN Inc holding the remaining 30% of the Joint Venture. Production at Tulawaka ceased in second quarter of 2013.  Full Article

African Barrick Gold PLC Updates On FY 2013 Production Guidance
Wednesday, 30 Oct 2013 03:00am EDT 

African Barrick Gold PLC announced that for fiscal 2013, it expects production to exceed the higher end of guidance of 600,000 ounces with the resultant cash cost per ounce being below the lower end of guidance of USD925 per ounce sold.  Full Article

African Barrick Gold PLC Announces Appointment Of Chief Financial Officer
Thursday, 19 Sep 2013 02:00am EDT 

African Barrick Gold PLC announced the appointment of Andrew Wray as Chief Financial Officer (CFO). Andrew joined ABG as Head of Corporate Development and Investor Relations in 2010 and has been instrumental in transitioning ABG to a public company and more recently has led the company wide Operational Review which has identified over $185 million of potential cost savings initiatives.  Full Article

African Barrick Gold PLC Announces Appointment of Chief Executive Officer
Wednesday, 21 Aug 2013 02:00am EDT 

African Barrick Gold PLC announced that Mr. Bradley A. Gordon has been appointed as the Chief Executive Officer of the Company. Brad succeeds Greg Hawkins, who has resigned to pursue other opportunities. As CEO, Brad will join the Board as an Executive Director. His appointment takes immediate effect.  Full Article

African Barrick Gold PLC Announces Interim Dividend
Tuesday, 30 Jul 2013 02:00am EDT 

African Barrick Gold PLC announced that the Board of Directors of the Company approved an interim dividend for 2013 of USD0.01 per share. The interim dividend will be paid on September 23, 2013 to holders on record at August 30, 2013. The ex-dividend date will be August 28, 2013.  Full Article

African Barrick Gold PLC Issues FY 2013 Production Guidance
Tuesday, 30 Jul 2013 02:00am EDT 

African Barrick Gold PLC announced that for fiscal 2013, it expects to target the upper end of the production range of 540,000-600,000 ounces of gold at a total cash cost of between USD925-USD975 per ounce sold.  Full Article

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