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Barrick Gold Corp (ABX)

ABX on New York Consolidated

19.04USD
24 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Barrick Gold Corp reports Q1 earnings per share $0.58
Monday, 24 Apr 2017 05:10pm EDT 

April 24 (Reuters) - Barrick Gold Corp : :Barrick reports first quarter 2017 results.Q1 adjusted earnings per share $0.14.Q1 earnings per share $0.58.Q1 revenue $1.99 billion.Barrick Gold Corp says total debt was reduced by $178 million in Q1.Barrick Gold Corp - full-year gold production is now expected to be 5.3-5.6 million ounces.Barrick Gold Corp - announced a strategic cooperation agreement with shandong gold, including sale of 50 percent of veladero for $960 million.Barrick Gold -a comprehensive plan to strengthen and improve veladero mine's operating systems is now under review in argentina.Barrick Gold Corp - co, shandong gold will jointly explore potential development of Pascua-Lama, and will evaluate additional investment opportunities.Barrick Gold Corp - produced 1.31 million ounces of gold in Q1 compared to 1.28 million ounces last year.Says produced 95 million pounds of copper in Q1, compared to 111 million pounds of copper produced last year.Barrick Gold Corp - all-in sustaining costs for gold in Q1 were $772 per ounce, compared to $706 per ounce in Q1 of 2016.Barrick Gold Corp - cost of sales and all-in sustaining cost guidance for gold for full year remains unchanged.Barrick Gold Corp - gold production in Q1 was impacted by timing of autoclave maintenance at Pueblo Viejo mine in Dominican Republic.Q1 all-in sustaining costs for copper were $2.19 per pound versus $1.97 per pound last year.  Full Article

Shandong Tyan Home calls off Kalgoorlie deal due to capital curb
Wednesday, 19 Apr 2017 09:52am EDT 

April 19 (Reuters) - Shandong Tyan Home Co Ltd <600807.SS>:Says it has had contact with Barrick Gold Corp <<>> on investing in Australia's Kalgoorlie gold mine but did not continue negotiation due to recent capital outflow curb and tightened review of overseas acquisition.  Full Article

Atac Resources announces property earn-in agreement with Barrick Gold Corp
Monday, 10 Apr 2017 11:21am EDT 

Atac Resources Ltd : Atac Resources Ltd. announces property earn-in agreement with Barrick Gold Corporation . Transactions consist of a potential total investment by Barrick of approximately $63.3 million . As per transactions, Barrick can acquire an interest in central portion of Atac's Rackla Gold Property . Barrick will increase its shareholding in Atac from approximately 9.2% to 19.9% and will have right to maintain that interest in Atac . As per transactions, Barrick will make an $8.3 million investment in Atac .Flow-through placement proceeds to be used to partially fund previously announced 2017 exploration program at Osiris and Rau Projects.  Full Article

Shandong Gold Mining buys stake in Barrick Gold's Veladero mine
Thursday, 6 Apr 2017 08:06am EDT 

Shandong Gold Mining Co Ltd <600547.SS> :Says it buys 50 percent stake in Barrick Gold's Veladero gold mine in Argentina for $960 million.  Full Article

Barrick announces strategic cooperation agreement with Shandong Gold Group
Thursday, 6 Apr 2017 01:31am EDT 

Barrick Gold Corp : Barrick announces strategic cooperation agreement with Shandong Gold . Deal for $960 million . It has entered into a strategic cooperation agreement with Shandong Gold Group Co., Ltd. . Barrick and Shandong will form a working group to explore joint development of Pascua-Lama deposit . Both companies will evaluate additional investment opportunities on El Indio gold belt on border of Argentina and Chile . Barrick Gold Corp - Proceeds from transaction will be used to reduce debt and for investments in our business to grow free cash flow per share . Shandong Gold Mining will acquire 50 percent of Barrick's Veladero mine in San Juan Province, Argentina .Shandong has financing commitments in place for full value of transaction.  Full Article

Kinross announces sale of Cerro Casale interest
Tuesday, 28 Mar 2017 07:50am EDT 

Kinross Gold Corp : Kinross announces sale of Cerro Casale interest . Kinross Gold Corp - deal consideration includes $260 million in cash, payable at closing . Kinross Gold Corp - deal consideration includes assumption by Goldcorp of a $20 million payment obligation due to Barrick Gold Corporation . Kinross Gold Corp - expects to use proceeds from sale for its organic development projects and to further strengthen its balance sheet . Kinross Gold - agreed to sell 25% interest in Cerro Casale project in Chile, 100% interest in Quebrada Seca exploration project . Says deal consideration includes $40 million in cash, payable following a construction decision for Cerro Casale .Kinross Gold Corp - Kinross expects to use proceeds from sale for its organic development projects and to further strengthen its balance sheet.  Full Article

Barrick Gold to form new partnership with Goldcorp
Tuesday, 28 Mar 2017 07:50am EDT 

Barrick Gold Corp : Has reached an agreement with Goldcorp Inc to form a new partnership at cerro casale project in Chile . Barrick Gold Corp - under terms of agreement, Goldcorp has agreed to purchase a 25 percent interest in cerro casale from Barrick . Barrick Gold - as consideration for 25 percent interest acquired from Barrick, Goldcorp will fund Barrick's first $260 million of expenditures on project . Barrick Gold - Goldcorp will also fund cerro casale JV's acquisition of 100 percent interest in adjacent quebrada seca property from Kinross upon closing . Barrick Gold - deal, coupled with concurrent purchase by Goldcorp of Kinross 25% interest in cerro casale, will result in a 50/50 JV between Barrick, Goldcorp .Barrick Gold - as consideration for 25 percent interest acquired from co, Goldcorp will spend a total project investment commitment of $520 million.  Full Article

Barrick Gold Corp files for mixed shelf of up to $4 bln
Thursday, 16 Feb 2017 12:33pm EST 

:Barrick Gold Corp files for mixed shelf of up to $4 billion - SEC filing.  Full Article

Barrick achieves 2016 production guidance
Wednesday, 25 Jan 2017 07:49am EST 

Barrick Gold Corp : Barrick achieves 2016 production guidance . Barrick Gold Corp says preliminary full-year gold production of 5.52 million ounces for 2016, at high end of company's guidance of 5.25-5.55 million ounces . Says preliminary full-year copper production was 415 million pounds . Says copper production in Q4 was 101 million pounds . Barrick Gold Corp says cost of sales applicable to gold is expected to be at low end of guidance range of $800-$850 per ounce for 2016 .Says full-year cost of sales applicable to copper is expected to be $1.35-$1.55 per pound for 2016.  Full Article

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

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Barrick Gold slashes Argentina mine output forecast after spill

Barrick Gold reported weaker-than-expected quarterly earnings on Monday and also slashed its forecast for output and hiked costs at its gold mine in Argentina, where cyanide solution spilled recently for the third time in 18 months.