Key Developments: Barrick Gold Corp (ABX)

ABX on New York Consolidated

12.90USD
25 Nov 2014
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$0.37 (+2.95%)
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Latest Key Developments (Source: Significant Developments)

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

Saudi Arabian Mining Co JSC enters into Joint Venture agreement with Barrick Gold Corp to acquire Jabal Sayid copper project
Saturday, 12 Jul 2014 08:00pm EDT 

Saudi Arabian Mining Co JSC (Maaden):Enters into an agreement to form a joint venture with Barrick Gold Corp (Barrick) for the purpose of establishing a limited liability company that will acquire, develop and operate the Jabal Sayid copper project located 120 km southeast of Medina, Saudi Arabia (the Project).Says Maaden and Barrick will each own 50 pct of the new limited liability company, and Maaden will invest approximately $210 mln to acquire its 50 pct share in the Project assets, rights and existing infrastructures free of any debt or obligations.Says the consideration paid by Maaden will be funded through available cash and facilities, whereas the acquisition is targeted to be completed in Q4 FY 2014 and is subject to customary closing conditions and the approval of related authorities.Says production is expected to commence in late 2015 and when fully operational the project will produce approximately 45,000-60,000 tonnes of copper in concentrate per year.  Full Article

Robertson Stromberg LLP files statement of claim against Barrick Gold and other defendants
Tuesday, 27 May 2014 10:33am EDT 

Barrick Gold Corp:Robertson Stromberg LLP, counsel in Barrick Gold Corporation securities class action filed statement of claim in a $6 bln action against Barrick Gold Corporation and others.The claim alleges wrongdoing against Barrick Gold Corporation and its senior officers Aaron Regent, Jamie Sokalsky, Ammar Al-Joundi and Peter Kinver.  Full Article

UPDATE 2-Barrick names new CFO in latest shake-up at gold miner

TORONTO, Nov 18 - Barrick Gold Corp named mining industry veteran Shaun Usmar as its chief financial officer designate on Tuesday, marking the latest shake-up at the world's biggest gold miner.

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