Key Developments: Barrick Gold Corp (ABX)
19.51USD
23 May 2013
$0.01 (+0.05%)
$19.50
$19.89
$19.94
$19.44
5,831,138
18,019,408
$43.30
$17.51
Latest Key Developments (Source: Significant Developments)
Barrick Gold Corp Completes Sale Of $3 Billion Of Debt Securities
Barrick Gold Corp and its wholly-owned subsidiary, Barrick North America Finance LLC (BNAF), announced the completion of the sale of $3 billion of debt securities comprised of: $650 million of 2.50% notes due 2018 (the 2018 Notes) and $1.5 billion of 4.10% notes due 2023 (the 2023 Notes) of Barrick as well as $850 million of 5.75% notes due 2043 (the 2043 Notes) of BNAF. The 2043 Notes of BNAF are guaranteed by Barrick. The net proceeds from this offering will be used to repay approximately $2 billion of borrowings under Barrick's revolving credit facility maturing in January 2018, which amount was originally borrowed for general corporate purposes and to repay existing indebtedness and for general corporate purposes, including, but not limited to, the repayment, in whole or in part, of the $500 million aggregate principal amount of the 6.125% Notes due 2013 issued by Barrick's wholly-owned subsidiary Barrick Gold Financeco LLC. Full Article
Barrick Gold Corp Announces Pricing Of $3 Billion Offering Of Debt Securities
Barrick Gold Corp (Barrick) and its wholly-owned subsidiary, Barrick North America Finance LLC (BNAF), announced the pricing of $3 billion in debt securities comprised of: $650 million of 2.50% notes due 2018 (the 2018 Notes) and $1.5 billion of 4.10% notes due 2023 (the 2023 Notes) of Barrick as well as $850 million of 5.75% notes due 2043 (the 2043 Notes) of BNAF. The 2043 Notes of BNAF are guaranteed by Barrick. The offering is expected to close on or about May 2, 2013. The net proceeds from this offering will be used (i) to repay approximately $2 billion of borrowings under Barrick's revolving credit facility maturing in January 2018, which amount was originally borrowed for general corporate purposes and to repay existing indebtedness and (ii) for general corporate purposes, including, but not limited to, the repayment, in whole or in part, of the $500 million aggregate principal amount of the 6.125% Notes due 2013 issued by Barrick's wholly-owned subsidiary Barrick Gold Financeco LLC. Full Article
Barrick Gold Corp Announces Dividend
Barrick Gold Corp announced that Board of Directors has declared a dividend for the quarter of USD20 cents per share, payable on June 17, 2013 to shareholders of record at the close of business on May 31, 2013. Full Article
Barrick Gold Corp Puts Australian Gold Mines Up For Sale-Reuters
Reuters reported that Barrick Gold Corp has put three mines in Western Australia up for sale. The gold producer has appointed Bank of America's Merrill Lynch and UBS to advise on the sale of its Yilgarn South group of mines, Darlot, Granny Smith and Lawlers, which last year produced 452,000 ounces of gold. A Perth-based spokeswoman for Barrick was not available to comment. Full Article
Barrick Gold Corp Heeds Chilean Court; Halts Work On Pascua-lama Mine-Reuters
Reuters reported that Barrick Gold Corp halted construction on its huge Pascua-Lama gold and silver mine in Chile on Wednesday after a local court ordered the suspension to weigh indigenous communities' claims that the project destroys glaciers and harms their water supply. The appeals court in the northern town of Copiapo said it will analyze the complaints of 'environmental irregularities' in connection with Barrick's project, which has been plagued by soaring costs and opposition from environmental groups. Barrick said in a statement that it would continue to work to 'address environmental and other regulatory requirements to the satisfaction of Chilean authorities. It also said it was too early to assess the impact of the suspension on the project's overall capital budget or its timetable. A court source told Reuters the dispute could take several months to resolve and an appeal to the Chilean Supreme Court is likely. Full Article
Barrick Gold Corp Issues FY 2013 Production Guidance
Barrick Gold Corp announced that for fiscal 2013, it expects gold production to be 7.0-7.4 million ounces at all-in sustaining cash costs of $1,000-$1,100 per ounce and total cash costs of $610-$660 per ounce and copper production to be 480-540 million pounds. Full Article
Barrick Gold Corp Announces Dividend
Barrick Gold Corp announced that Board of Directors has declared a quarterly dividend of USD20 cents per share, payable on March 15, 2013 to shareholders of record at the close of business on February 28, 2013. Full Article
Barrick Gold Corp Ends Talks With China National Over African Barrick Gold PLC's Stake Sale-DJ
Dow Jones reported that Barrick Gold Corp is no longer in discussions with China National Gold regarding its holding in African Barrick Gold PLC. African Barrick Gold will commence a full operational review of the business and added that the 2011 total dividend of $67 million will be maintained for 2012. African Barrick Gold no longer in offer period. Seeing step-up in production volumes in the fourth quarter, as expected. Full Article
Barrick Gold Corp Revises FY 2012 Production Guidance
Barrick Gold Corp announced that it expects fiscal 2012 gold production of 7.3-7.5 million ounces, within its original guidance of 7.3-7.8 million ounces and copper production is expected to be about 450 million pounds, as a result of the delay in first production at Jabal Sayid. Full Article
Barrick Gold Corp Announces Dividend
Barrick Gold Corp announced that its Board of Directors has declared a quarterly dividend of $0.20 per share, payable on December 17, 2012 to shareholders of record at the close of business on November 30, 2012. Full Article
Barrick says mine in Chile needs $29 mln to meet regulator rules
SANTIAGO, May 10 - Barrick Gold Corp's has estimated it must invest about $29 million to meet environmental standards at its suspended Pascua-Lama mine, a filing with Chile's environmental regulator showed. It is unclear if this figure includes all estimated investment or if it is a partial forecast. A Barrick representative was not immediately available for comment. A Chilean court in April temporarily halted the up-to-$8.5 billion gold mine, which straddles the border of Chi
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