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Barrick Gold Corp (ABX.TO)

ABX.TO on Toronto Stock Exchange

22.82CAD
20 Jan 2017
Change (% chg)

$0.26 (+1.15%)
Prev Close
$22.56
Open
$22.60
Day's High
$23.06
Day's Low
$22.59
Volume
5,460,009
Avg. Vol
4,196,198
52-wk High
$30.44
52-wk Low
$11.23

Latest Key Developments (Source: Significant Developments)

Barrick reduces 2016 debt by about $2 bln, following tender offer settlement
Friday, 2 Dec 2016 07:43am EST 

Barrick Gold Corp : Barrick announces final results and settlement of $650 million debt tender offer .Barrick Gold -following settlement of tender offer, Barrick has now reduced its total debt by approximately $2 billion in 2016.  Full Article

Barrick announces early tender date results of debt tender offer
Thursday, 17 Nov 2016 07:30am EST 

Barrick Gold Corp : Barrick Gold Corp says increase in maximum tender amount for tender offer from $350 million to $650 million .Barrick announces early tender date results of debt tender offer, and increase in maximum tender amount to $650 million.  Full Article

Barrick gold reports Q3 earnings per share of $0.15
Wednesday, 26 Oct 2016 05:02pm EDT 

Barrick Gold Corp : Barrick reports third quarter 2016 results . Q3 adjusted earnings per share $0.24 . Q3 earnings per share $0.15 . Q3 revenue $2.3 billion versus $2.32 billion . Barrick gold corp - increased our gold production guidance for 2016 to 5.25-5.55 million ounces, up from our original range of 5.00-5.50 million ounces . Barrick gold corp - total debt has been reduced by $1.4 billion year-to-date, and co remains on track to achieve $2 billion debt reduction target for year. . Qtrly revenue $2,297 million $ 2,315 million . Barrick gold corp - qtrly gold production 1.4 million ounces versus 1.7 million ounces . Barrick gold corp - capital expenditures for 2016 are now expected to be $1.20-$1.30 billion, down from $1.25-$1.40 billion at end of q2 . Barrick gold corp - qtrly gold all-in sustaining costs $704 per ounce versus $771 per ounce . Reduced fy all-in sustaining cost guidance for 2016 to $740-$775 per ounce . Barrick gold - q3 copper production 100 million pounds versus 140 million pounds last year . Barrick gold corp - now expect 2016 production from veladero to be in range of 530,000-580,000 ounces of gold, down from 580,000-640,000 ounces . Barrick gold corp - sees fy copper production 380-430 million pounds . Barrick gold corp - copper all-in sustaining cost guidance for 2016 has been narrowed to $2.00-$2.20 per pound. . Barrick gold corp - sees fy gold all-in sustaining costs $740-$775 per ounce.  Full Article

Barrick Gold sets quarterly dividend of $0.02/share
Wednesday, 26 Oct 2016 05:00pm EDT 

Barrick Gold Corp : Sets quarterly dividend of $0.02per share .Sets quarterly dividend of $0.02per share.  Full Article

Barrick Gold announces resumption of operations at Veladero Mine
Tuesday, 4 Oct 2016 10:37am EDT 

Barrick Gold Corp : Barrick announces resumption of operations at Veladero Mine . As normal operations resume, co will continue to assess impact of temporary suspension on Veladero's production for 2016 . Continues to expect total gold production for 2016 in range of 5.0-5.5 million ounces .Water monitoring in area has confirmed September 15 incident did not result in any environmental impacts.  Full Article

Barrick does not expect Veladero to impact 2016 consolidated gold production
Friday, 30 Sep 2016 09:01am EDT 

Barrick Gold Corp : Has completed "critical works" required by authorities for its suspended Veladero mine in Argentina after spill containing cyanide - spokesman . Barrick does not anticipate any impact to its 2016 consolidated gold production due to Veladero suspension Story: [nL2N1C60L5] Further company coverage: [ABX.TO] (Reporting by Susan Taylor) ((Jeffrey.Hodgson@thomsonreuters.com;)).  Full Article

Moody's affirms Barrick's Baa3 rating, outlook revised to stable
Friday, 19 Aug 2016 11:50am EDT 

Moody's Ratings : Moody's affirms barrick's baa3 rating; outlook revised to stable . Moody's says outlook revision on barrick to stable reflects barrick's reducing leverage and management's commitment to further reduce debt .Barrick's baa3 rating underpinned by large scale, diverse and low-cost gold assets, sizeable copper operations, favorable geopolitical risks, liquidity.  Full Article

Soros Fund Management dissolves share stake in T-Mobile US, Starbucks
Monday, 15 Aug 2016 04:01pm EDT 

Soros Fund Management: Dissolves share stake in Starbucks Corp - SEC filing . Dissolves share stake in Staples Inc - SEC filing . Cuts share stake in American Airlines Group Inc by 67.6 pct to 296,018 shares - SEC filing . Dissolves share stake in T-Mobile US Inc - SEC filing . Cuts share stake in Barrick Gold Corp by 94.5 pct to 1.1 mln shares - SEC filing . Dissolves share stake in Wynn Resorts Ltd - SEC filing .Change in holdings are as of June 30, 2016 and compared with the previous quarter ended as of March 31, 2016.  Full Article

Premier Gold Mines provides update on South Arturo project
Thursday, 11 Aug 2016 06:00am EDT 

Premier Gold Mines Ltd : Premier provides South Arturo project update . Ore from company's 40%-owned South Arturo mine is now being processed at Barrick's Goldstrike mine processing facility . Initial gold production seen ramping up in Q3 with attributable gold production to premier 80,000 ounces during calendar year .Premier expects South Arturo will be cash flow positive for year net of capital.  Full Article

Barrick keeps focus on debt reduction-President
Thursday, 28 Jul 2016 12:05pm EDT 

Barrick Gold Corp : Says in near-term it is focused on debt reduction versus dividend increase-President .Considers Acacia "very valuable asset" but non-core, there will be time when Barrick will be sellers if it can get full value-President.  Full Article

Chile rejects attempt to block modified Barrick Gold mine project

SANTIAGO/TORONTO Chile has rejected an attempt by local communities to block modifications needed to keep Barrick Gold Corp's controversial Pascua Lama project alive, a resolution by the ministerial committee involved showed on Wednesday.