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Barrick Reaches Agreement To Sell 90% Interest In The Massawa Project For Up To $430 Mln
Saracen Mineral Completes Acquisition Of 50% Of Kalgoorlie Super Pit
Barrick Says Completes Divestiture Of Its Interest In Kalgoorlie Consolidated Gold Mines
Barrick Gold Corp is a gold mining company. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company's segments include Barrick Nevada, Golden Sunlight, Hemlo, Jabal Sayid, Lagunas Norte, Lumwana, Porgera, Pueblo Viejo, Turquoise Ridge, Veladero and Zaldvar. Pueblo Viejo, Lagunas Norte, Veladero and Turquoise Ridge are its individual gold mines. The Company, through its subsidiary Acacia, owns gold mines and exploration properties in Africa. Its Porgera is a gold mine. Zaldivar and Lumwana are copper mines. The Pascua-Lama project is located on the border between Chile and Argentina. The Company owns a number of producing gold mines, which are located in Canada, the United States, Peru, Argentina, Australia and the Dominican Republic.
Gold & Silver
Canada Trust Tower
161 Bay St Suite 3700
John Lawson Thornton
Non-Independent Executive Chairman of the Board
President, Chief Executive Officer, Director
Graham P. Shuttleworth
Chief Financial Officer, Senior Executive Vice President
Robert L. Krcmarov
Executive Vice President - Exploration and Growth
Kevin James Thomson
Senior Executive Vice President - Strategic Matters
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Canadian gold miner Barrick Gold Corp <GOLD.N> <ABX.TO> moved closer to its asset sales target on Tuesday by agreeing to sell its entire 90% stake in its Massawa project in Senegal to Teranga Gold Corporation <TGZ.TO> for up to $430 million.
Canadian gold miner Barrick Gold Corp , said on Tuesday it would sell 90% stake in its Massawa project in Senegal to Teranga Gold Corporation for up to $430 million.
Canadian miner Barrick Gold Corp <ABX.TO> is keen to top its $1.5 billion target for asset sales after shedding its half of the Super Pit gold mine in Western Australia, Chief Executive Officer Mark Bristow said on Monday.
* World's biggest gold miner to be co's JV partner (Adds details of deal, Barrick's comment)
Australia's Saracen Mineral Holdings Ltd said on Monday it would buy a 50% stake in the Kalgoorlie Consolidated Gold Mines Joint Venture in western Australia from Barrick Gold Corp for $750 million.
Barrick Gold Corp <ABX.TO> <GOLD.N> on Wednesday reported higher third-quarter profits that beat analysts' estimates and raised its dividend while reiterating a five-year production plan.
Canada's main stock index edged higher on Wednesday, helped by an upbeat earnings report from Barrick Gold that bolstered mining stocks, while losses in energy shares kept a check on further gains.
Canada's main stock index opened flat on Wednesday, as gains in mining stocks after upbeat results from Barrick Gold Corp were offset by losses in energy stocks, triggered by a drop in crude prices.
Barrick Gold Corp's quarterly adjusted profit nearly tripled on Wednesday, as the world's second-largest gold producer benefited from higher gold output and prices.
Barrick Gold Corp said it had reached a deal to settle a long-running tax dispute between Tanzania and mining group Acacia, which Barrick bought in a $1.2 billion transaction approved by a British court last month.
Barrick Gold Corp said it had reached a deal to settle a long-running tax dispute between Tanzania and mining group Acacia, which Barrick bought in a $1.2 billion deal approved by a British court last month.
Barrick Gold Corp, fell short of analysts' estimates for third-quarter gold production on Thursday, as lower output at its North Mara mine in Tanzania offset gains from its Randgold buy and the Nevada Gold Mines joint venture.
Barrick Gold Corp, on Thursday estimated lower third-quarter gold production from the second, as the Canadian miner's output was hit by restrictions on its North Mara operations in Tanzania.
A fresh gold discovery by Barrick Gold Corp in Nevada is "fantastically significant" and shows there still is rich potential in the region for exploration, Chief Executive Officer Mark Bristow said in an interview on Tuesday.
Barrick Gold Corp is on track to achieve by end 2019 half of expected cost savings of $450 million to $500 million at its Nevada joint venture with Newmont Gold Corp, Barrick chief executive officer Mark Bristow said on Tuesday.
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:
Canadian miner Barrick Gold <ABX.TO> has won approval from a British court for its $1.2 billion takeover of Acacia Mining <ACAA.L>, the African gold miner said on Friday, removing the last hurdle to the conclusion of the deal.
Acacia Mining said on Friday a British court has approved a deal by which Barrick Gold will take over the gold miner and that its stock will stop trading from next week.
Barrick Gold Corp <ABX.TO> <GOLD.N> is not actively seeking to sell its Tongon mine in Ivory Coast and the Massawa project in Senegal but will consider various options for both, Chief Executive Mark Bristow told Reuters on Monday.
Barrick Gold Corp's quarterly adjusted profit nearly doubled as the world's second-largest gold producer reported higher copper and gold production.
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