Key Developments: Barrick Gold Corp (ABX.TO)

ABX.TO on Toronto Stock Exchange

12.02CAD
24 Dec 2014
Price Change (% chg)

$0.21 (+1.78%)
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Latest Key Developments (Source: Significant Developments)

Barrick Gold Corp completes joint venture agreement with Ma'aden for Jabal Sayid
Wednesday, 3 Dec 2014 08:31am EST 

Barrick Gold Corp:Announces that it has completed the 50/50 joint venture agreement with Saudi Arabian Mining Company (Ma'aden) for the Jabal Sayid copper mine in Saudi Arabia.Jabal Sayid is expected to begin shipping low-cost concentrate in early 2016.  Full Article

Saudi Arabian Mining Co JSC announces further information concerning entering into joint venture agreement with Barrick Gold Corp to acquire Jabal Sayid copper project
Wednesday, 3 Dec 2014 08:20am EST 

Saudi Arabian Mining Co JSC (Maaden):Says further to Maaden pervious announcement related to the agreement with Barrick Gold Corp (Barrick) to form a joint venture for the purpose of establishing a limited liability company that will acquire, develop and operate the Jabal Sayid copper project.Announces the completion of the acquisition of the assets of the Project by Maaden Barrick Copper Company, a limited liability company established in Saudi Arabia which is owned 50pct by Maaden and 50pct by Barrick.Says that Maaden is investing approximately $216 million to acquire its 50pct share in the Project assets, rights and existing infrastructures.  Full Article

Barrick announces appointment of CFO
Tuesday, 18 Nov 2014 05:03pm EST 

Barrick Gold Corp:Appoints Shaun Usmar as Senior Executive Vice President and Chief Financial Officer Designate.Usmar to join on Nov. 24 and will become Chief Financial Officer on Feb. 18, 2015 following the departure of Ammar Al-Joundi.  Full Article

Barrick Gold narrows FY 2014 production guidance
Wednesday, 29 Oct 2014 05:30pm EDT 

Barrick Gold Corp:Revises FY 2014 Gold production guidance of 6.1 - 6.4 mln ounces.Revises FY 2014 copper production guidance of 440 - 460 mln pounds.  Full Article

Barrick Gold Corp announces dividend
Wednesday, 29 Oct 2014 12:20pm EDT 

Barrick Gold Corp:Declares dividend for the quarter of 5 cents per share.Payable on Dec. 15, to shareholders of record at the close of business on Nov. 28.  Full Article

Barrick Gold Corp reaffirms FY 2014 production guidance - Conference call
Thursday, 4 Sep 2014 11:35am EDT 

Barrick Gold Corp:Maintains FY 2014 production guidance of 6 million to 6.5 million ounces.Maintains overall FY 2014 copper production guidance at between 410 million and 440 million pounds.  Full Article

Malbex Resources Inc closes private placement and enters into earn-in arrangement with Barrick Gold Corporation on Del Carmen Project, Argentina
Thursday, 28 Aug 2014 04:56pm EDT 

Malbex Resources Inc:Closes private placement with Barrick Gold Corporation (Barrick), pursuant to which Malbex issued to Barrick 14,285,714 common shares of Malbex (Common Shares) for aggregate subscription price of C$1,000,000.Proceeds from Private Placement will be used for general corporate and working capital purposes.Common Shares issued to Barrick under Private Placement are subject to hold period under applicable Canadian securities laws which will expire on Dec. 29.In connection with closing of Private Placement, Malbex enters into previously announced earn-in arrangement with Barrick relating to Malbex's Del Carmen project in San Juan Province, Argentina.Malbex's interest in the Del Carmen Project has been transferred to newly formed entity jointly owned by wholly owned subsidiaries of Malbex and Barrick (Joint Venture Company).While Joint Venture Company is initially five pct owned by Barrick and 95 pct owned by Malbex, Barrick has option, but not obligation, to earn in to 51 pct, and then 75 pct, interest in the Del Carmen Project.By meeting certain expenditure requirements contained in shareholders' agreement governing the Joint Venture Company.Effective as of closing of Private Placement, Barrick is also operator of Del Carmen Project responsible for managing, directing and controlling operations at project.  Full Article

Barrick Gold Corp reaffirms FY 2014 production guidance
Wednesday, 30 Jul 2014 05:00pm EDT 

Barrick Gold Corp:Maintains FY 2014 gold production guidance of 6.0-6.5 million ounces.Maintains FY 2014 Copper production guidance at 410-440 million pounds.  Full Article

Barrick Gold Corp declares dividend
Wednesday, 30 Jul 2014 01:38pm EDT 

Barrick Gold Corp:Declared a dividend for the quarter of US5 cents per share, payable on Sept. 15 to shareholders of record at the close of business on Aug. 29.  Full Article

Barrick Gold Corp partners with Ma'aden to form Jabal Sayid joint venture
Sunday, 13 Jul 2014 02:55am EDT 

Barrick Gold Corp:Says that it has reached an agreement to form a joint venture with Saudi Arabian Mining Company (Ma'aden) to operate the Jabal Sayid copper mine, located 120 kilometers southeast of Medina, Saudi Arabia.Under the agreement, Barrick and Ma'aden will each own 50 percent of the new joint venture. Ma'aden will acquire its 50 percent interest in the project for cash consideration of $210 million.Says the acquisition is expected to be completed in the fourth quarter of 2014 and is subject to customary closing conditions.  Full Article

UPDATE 2-Barrick to suspend operations at Zambian mine after royalty increase

TORONTO, Dec 18 - Barrick Gold Corp said on Thursday it would suspend operations at its Lumwana copper mine in Zambia following passage of legislation that raises the royalty rate on open-pit mining operations in the country to 20 percent from 6 percent.

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