Randgold Resources Limited - American Depositary Shares each represented by one (GOLD)
16.72
+0.15 (0.91%)
Barrick Gold Corp is a leading global mining company primarily focused on the extraction and production of gold, along with the mining of other metals such as copper
With a portfolio of strong, diverse assets located across various regions, the company is dedicated to sustainable and responsible mining practices. Barrick Gold employs advanced technologies and innovative methods to enhance operational efficiency and reduce environmental impact, while also prioritizing community engagement and development initiatives in the areas where it operates. The company's commitment to growth and value creation is reflected in its strategic partnerships and exploration efforts to discover new resources.
Kinross Gold receives a double upgrade to "Buy" with a price target of $12.75, as production forecasts rise to 2M GEOs annually. Barrick Gold, however, faces challenges with mine shutdowns and tax disputes, leading to a downgrade to "Neutral." Analyst adjustments project Kinross boosting shareholder returns in 2025, while Barrick grapples with risks in Mali and the Dominican Republic.
Barrick Gold is reshaping its portfolio to prioritize large-scale projects and profit from copper tailwinds. Reko Diq project in Pakistan could generate $74B in free cash flow, despite challenges in the region.
Barrick Gold shares are trading higher by 1.4% during Friday's session. Mining stocks are rising, likely in sympathy with Rio Tinto and Glencore's potential merger talks.
TORONTO, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSEGOLD)(TSX:ABX) will release its Q4 2024 results on Wednesday, February 12, 2025. President and CEO Mark Bristow will host a live presentation of the results that day at 11:00 EST, with an interactive webinar linked to a conference call. Participants will be able to ask questions.
Amid an ongoing revenue dispute with Mali, Barrick Gold’s temporary shutdown has retail investors on Stocktwits questioning the company’s future operations in the region.
TORONTO, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSEGOLD)(TSX:ABX) today confirmed that the company remains restricted from shipping gold from the Loulo-Gounkoto mining complex in Mali. Additionally, the interim attachment order on the gold has now been executed by the Malian government by moving the existing gold stock from the site to a custodial bank, further preventing the shipment and sale of the gold.
TRC Capital seeks to purchase up to 5 million of Barrick's common shares, representing about 0.29% of the outstanding shares of the second-largest gold miner.
TORONTO, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSEGOLD)(TSX:ABX) has received notice of an unsolicited mini-tender offer made by TRC Capital Investment Corporation (TRC Capital) to purchase up to 5,000,000 of Barrick’s common shares, representing approximately 0.29% of Barrick’s outstanding common shares, at a below-market price of C$21.35 per share. Barrick does not endorse this unsolicited offer, is not in any way affiliated or associated with TRC Capital or its offer, and recommends that shareholders do not tender their shares to this unsolicited mini-tender offer.
Barrick Gold warns of potential suspension at Loulo-Gounkoto mining complex in Mali due to government's gold shipment restrictions. CEO calls situation "unwarranted" and "deeply regrettable." Other foreign miners also facing issues.
TORONTO, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSEGOLD)(TSX:ABX) remains restricted from shipping gold from its Loulo-Gounkoto mining complex in Mali. In addition, an interim attachment order has now been issued against the existing gold stock on site which further prevents its export and disrupts normal operations. Barrick believes the interim attachment order is unwarranted and is in contravention of the agreed dispute resolution mechanisms.
Gold's glitter is fading for Barrick and Newmont as stocks hit Death Cross, down year-to-date. Geopolitical tensions and rising yields add to the woes.
TORONTO, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSEGOLD)(TSX:ABX) today confirmed that its operating entities in Mali, namely Société des Mines de Loulo SA and Société des Mines de Gounkoto SA, have submitted a request for arbitration to the International Centre for the Settlement of Investment Disputes (ICSID), in accordance with the provisions of their respective Mining Conventions with the State of Mali, to address matters of disagreement regarding the Loulo-Gounkoto complex.
While most of the commodity price action has been headed to gold, some views suggest oil might be the better buy today. Analysts and institutions agree
