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Barrick Gold Corp (ABX)

ABX on New York Consolidated

23 Jun 2017
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$0.39 (+2.42%)
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Latest Key Developments (Source: Significant Developments)

Shandong Gold gets approval from China's commerce ministry to acquire stake in Argentina mine from Barrick Gold
Friday, 16 Jun 2017 04:17am EDT 

June 16 (Reuters) - Shandong Gold Mining Co Ltd <600547.SS>:Says it gets approval from China's commerce ministry to acquire 50 percent stake in Veladero gold mine in Argentina from Barrick Gold <<>>.  Full Article

Barrick meets with Government of Tanzania to commence negotiations
Wednesday, 14 Jun 2017 09:29am EDT 

June 14 (Reuters) - Barrick Gold Corp :Barrick meets with government of Tanzania to commence negotiations.Barrick - executive chairman met with president of Tanzania to discuss issues pertaining to Acacia Mining and current ban on mineral concentrate exports.Barrick Gold -‍ parties agreed to enter negotiations to seek resolution that is in "best interests" of all stakeholders, including Tanzania, Barrick, Acacia​.  Full Article

Barrick comments on release of second presidential committee report on concentrate exports in Tanzania
Monday, 12 Jun 2017 09:50am EDT 

June 12 (Reuters) - Barrick Gold Corp ::Barrick comments on release of second presidential committee report on concentrate exports in Tanzania.Believe negotiated resolution to ongoing dispute between Acacia Mining and Tanzania government is best way to achieve "fair and reasonable" outcome.Holds 63.9 percent equity interest in Acacia, publicly traded company listed on London Stock Exchange that is operated independently of Barrick​.Operations impacted by current ban on concentrate exports account for approximately six per cent of Barrick's 2017 gold production guidance.In total, Acacia accounts for approximately 10 percent of Barrick's 2017 gold production guidance.Company's current 2017 guidance assumes a contribution of 545,000-575,000 ounces of gold (63.9 percent basis) from Acacia.  Full Article

Shandong Gold Mining to apply for loans of up to $1.3 bln
Friday, 2 Jun 2017 10:25am EDT 

June 2 (Reuters) - Shandong Gold Mining Co Ltd <600547.SS>:Says to apply for loans totaling up to $1.26 billion from offshore units of two Chinese state-owned banks.Says loans raised to fund $960 million acquisition of 50 percent stake in the Veladero gold mine in Argentina from Barrick Gold Corp.  Full Article

Barrick Gold reports end of Veladero work stoppage, formal dialogue with union underway
Monday, 29 May 2017 02:51pm EDT 

May 29 (Reuters) - Barrick Gold Corp : :Barrick reports end of Veladero work stoppage, formal dialogue with union underway.Members of AOMA union at Veladero mine in San Juan province, Argentina, have ended a work stoppage that began on May 28.Continue to anticipate resumption of normal leaching activities at veladero in second half of june.Company has initiated a formal dialogue process with union leadership to address issues of concern.  Full Article

Barrick reports union action at veladero mine
Monday, 29 May 2017 09:22am EDT 

May 29 (Reuters) - Barrick Gold Corp ::Barrick reports union action at Veladero mine.Barrick Gold Corp says on May 28, one of several unions representing employees at Veladero mine in San Juan Argentina, initiated an unplanned work stoppage.Barrick Gold Corp says is in dialogue with union leadership to seek a timely resolution to situation.Barrick Gold Corp says there is no change to anticipated timeline for resumption of normal leaching activities in second half of June,.Barrick Gold -leaching activities at veladero have been restricted since march 29, after pipe carrying processing solution at mine's heap leach facility failed.  Full Article

Barrick Gold sets quarterly dividend of $0.03 per share
Tuesday, 25 Apr 2017 05:55pm EDT 

April 25 (Reuters) - Barrick Gold Corp -:Sets quarterly dividend of $0.03 per share.  Full Article

Barrick Argentina cyanide spill "unacceptable" - company president
Tuesday, 25 Apr 2017 11:04am EDT 

April 25 (Reuters) - Barrick Gold :President Dushnisky: third cyanide solution spill in 18 months at Barrick Veladero mine in Argentina was "completely unacceptable to us".Barrick gold shareholders vote in favor of the miner's executive compensation plan - Dushniksy.  Full Article

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

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