Welcome to our dedicated page for Barrick Gold news (Ticker: GOLD), a resource for investors and traders seeking the latest updates and insights on Barrick Gold stock.
Barrick Gold Corporation (GOLD) maintains this dedicated news hub for stakeholders tracking developments in gold and copper mining operations worldwide. Access official press releases and curated analysis covering production results, strategic initiatives, and operational milestones from one of the world's largest precious metals producers.
This resource provides investors with timely updates on quarterly earnings, mineral reserve estimates, and sustainability initiatives across Barrick's global portfolio. Discover detailed reporting on mine expansions, technological innovations in extraction processes, and partnership announcements that shape the company's position in the natural resources sector.
Key content categories include operational performance updates, leadership changes, exploration program results, and health/safety achievements. All materials adhere to strict factual reporting standards, offering reliable information for making informed decisions about this NYSE-listed mining enterprise.
Bookmark this page for direct access to Barrick Gold's latest corporate communications, including regulatory filings and market-moving announcements. Combine these primary sources with our independent analysis to maintain a comprehensive view of the company's financial and operational trajectory.
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Barrick Gold Corporation's North Mara and Bulyanhulu gold mines have met their production guidance for 2023, achieving strong performance. The transformation of these mines into a world-class complex showcases the potential of the partnership between mining companies and the Government of Tanzania. The mines have replenished their reserves after depletion, with potential for further underground operations and increased production. Barrick's investment in the Tanzanian economy totals more than $3.4 billion, contributing significantly to the government's revenue. The company has also received accolades for its value-adding partnerships, community contributions, and health and safety programs. Additionally, Twiga Minerals is nearing completion of its Future Forward education initiative and progressing its pledge to build a world-class road to the Kahama airport. Barrick has made a significant impact on Tanzania's economic growth and represents the future of mining in developing countries.
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Barrick Gold Corporation's president and CEO, Mark Bristow, highlighted the importance of leaving a positive legacy for local communities after mining is complete. The company handed over a new airport terminal to the Tanzania Airport Authority, marking the conclusion of an eight-month partnership. The total cost of the project was $384,000, with Barrick contributing 70% and TAA contributing 30%. The new terminal is expected to serve as a catalyst for economic growth in the region, with the potential to create 3,000 jobs annually and generate significant tax revenue.
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Barrick Gold Corporation reported preliminary full year and fourth quarter 2023 production results, with 4.05 million ounces of gold and 420 million pounds of copper produced. The average market price for gold in Q4 was $1,971 per ounce and for copper was $3.70 per pound. The Q4 gold production improved from Q3, but costs per ounce are expected to be higher. Preliminary Q4 copper production was consistent with Q3, but costs per pound are expected to be higher. The company will provide additional discussion and analysis regarding its full year and Q4 2023 production and sales when it reports its quarterly and full year results on February 14, 2024.
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Barrick Gold Corporation (GOLD) to release Q4 2023 results on February 14, 2024. President and CEO Mark Bristow to host live presentation with interactive webinar and conference call. Preliminary production, sales, and cost information to be released on January 16, 2024.
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Barrick Gold Corporation (GOLD) Mourns the Passing of Board Member Gustavo Cisneros
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Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) has formally completed the Porgera Project Commencement Agreement, starting work on the recommissioning of the Porgera gold mine in Papua New Guinea. The mine has been in care and maintenance since April 2020, and the work is expected to be completed in a few weeks, with mining and processing restarting in the first quarter of 2024. Barrick president and chief executive Mark Bristow led the negotiations for the restart agreement, emphasizing the new ownership structure's alignment with the company’s host country partnership business model. Operated by Barrick through Barrick Niugini Limited (BNL), a joint venture with Zijin Mining, Porgera joins the company’s sector-leading gold asset portfolio with the potential for a Tier One production profile.
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Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has received approval from the US Bureau of Land Management for its new Goldrush underground mine at the Cortez Complex near Beowawe, Nevada. The mine is expected to produce 130,000 ounces in 2024 and grow to approximately 400,000 ounces per annum by 2028, with an investment of over $370 million to date and an anticipated total spending of approximately $1 billion. The project is expected to create approximately 500 jobs during construction and 570 new jobs during operations. The addition of Goldrush expands Barrick's asset base and demonstrates the complex's potential for growth.
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Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) announced the resumption of operations at the Porgera mine in Papua New Guinea, with an expected gold pouring in the first quarter of 2024. The new ownership structure, with 51% owned by PNG stakeholders and 49% by Barrick Niugini Limited, is set to bring in over $7 billion in economic benefits over the mine's projected 20-year life. The partnership model gives PNG stakeholders a majority interest in the mine for the first time, representing a significant revival of the country's economy.
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Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) has been honored as the Employer of the Year at the 2023 Association of Tanzania Employers (ATE) Awards for its North Mara Gold Mine operations. The company, jointly owned with the Tanzanian Government through Twiga Minerals Corporation, achieved multiple wins, including Overall Private Sector Employer, Best Corporate Social Responsibility, Excellence in Crisis Management, and more. The recognition highlights Barrick's commitment to employment practices, corporate citizenship, and taxation compliance.
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Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) supports the consolidation of responsible mining standards by The Copper Mark, Mining Association of Canada, ICMM, and the World Gold Council. Barrick has been advocating for this initiative for years, aiming to reduce complexity and provide clear direction for responsible mining. President and CEO Mark Bristow emphasizes the importance of multi-stakeholder oversight in the development of the standard.
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