Barrick

Special Mining Lease Signals Porgera Restart

Retrieved on: 
Friday, October 13, 2023

PORT MORESBY, Papua New Guinea, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) – Governor General Sir Bob Dabae today granted a special mining lease to New Porgera Limited (NPL), clearing the way for Barrick Gold Corporation to restart production at the gold mine, which has been on care and maintenance for three years.1

Key Points: 
  • PORT MORESBY, Papua New Guinea, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) – Governor General Sir Bob Dabae today granted a special mining lease to New Porgera Limited (NPL), clearing the way for Barrick Gold Corporation to restart production at the gold mine, which has been on care and maintenance for three years.1
    This follows the signing of a mining development contract and the conclusion of a fiscal stability agreement for New Porgera between the government and NPL.
  • NPL will meet the mine property’s landowners in the coming week to settle compensation agreements.
  • Barrick president and chief executive Mark Bristow said subject to agreement on compensation, the mine was positioned to restart before the end of this year.
  • Barrick’s commitment to partnership with its host countries is also reflected in NPL’s ownership structure, which ensures the equitable sharing of the value created by Porgera with all stakeholders,” he said.

Safety, Stability and Upside in Uncertain Times

Retrieved on: 
Tuesday, October 10, 2023

NEW YORK, Oct. 10, 2023 /PRNewswire/ -- In volatile economic conditions, smart money seeks stability and moves to safe havens. Historically, one of the safest places and most stable spaces during economic uncertainty is gold, a highly liquid asset that preserves and even increases in value over time and carries no credit risk. The precious metal benefits from multiple levers of demand such as gold jewelry, tech/industrial use and a reserve asset as well as a strategic investment. History has shown that gold's variable demand pressures enhance a portfolio by improving diversification, providing liquidity and delivering long-term returns. Reacting to uncertainties, many gold mining companies, including GEMXX Corp. (OTCPK: GEMZ) (profile), have enjoyed significant growth during the recent volatility. Exploding past startup phase and achieving global growth in mere months, GEMXX is fast approaching a holy grail that differentiates GEMXX from all others in the gold space – a vertically integrated mining company – a unique mine-to-market enterprise that specializes in gold and gemstone mining as well as jewelry creation, production and global sales. GEMXX owns and controls every aspect of the process from gold mining and gemstone finishing to jewelry manufacturing and global distribution. Other larger mining companies may not have the unique vertical integration of GEMXX but are still seeing success in the precious metal sector including Agnico Eagle Mines Ltd. (NYSE: AEM), which recently reported record second-quarter numbers; Barrick Gold (NYSE: GOLD), which anticipates a second half of the year performance that surpasses its first; Newmont Mining (NYSE: NEM), which has received required approvals on a key acquisition announced earlier this year; and Franco-Nevada Corp. (NYSE: FNV), which has established a business model that provides investors with gold price and exploration optionality while limiting exposure to cost inflation.

Key Points: 
  • NEW YORK, Oct. 10, 2023 /PRNewswire/ -- In volatile economic conditions, smart money seeks stability and moves to safe havens.
  • Reacting to uncertainties, many gold mining companies, including GEMXX Corp. (OTCPK: GEMZ) ( profile ), have enjoyed significant growth during the recent volatility.
  • GEMXX owns and controls every aspect of the process from gold mining and gemstone finishing to jewelry manufacturing and global distribution.
  • GEMXX stands out as a leading producer of high-quality finished ammolite jewelry and is the only publicly traded ammolite company in the world.

Safety, Stability and Upside in Uncertain Times

Retrieved on: 
Tuesday, October 10, 2023

NEW YORK, Oct. 10, 2023 /PRNewswire/ -- In volatile economic conditions, smart money seeks stability and moves to safe havens. Historically, one of the safest places and most stable spaces during economic uncertainty is gold, a highly liquid asset that preserves and even increases in value over time and carries no credit risk. The precious metal benefits from multiple levers of demand such as gold jewelry, tech/industrial use and a reserve asset as well as a strategic investment. History has shown that gold's variable demand pressures enhance a portfolio by improving diversification, providing liquidity and delivering long-term returns. Reacting to uncertainties, many gold mining companies, including GEMXX Corp. (OTCPK: GEMZ) (profile), have enjoyed significant growth during the recent volatility. Exploding past startup phase and achieving global growth in mere months, GEMXX is fast approaching a holy grail that differentiates GEMXX from all others in the gold space – a vertically integrated mining company – a unique mine-to-market enterprise that specializes in gold and gemstone mining as well as jewelry creation, production and global sales. GEMXX owns and controls every aspect of the process from gold mining and gemstone finishing to jewelry manufacturing and global distribution. Other larger mining companies may not have the unique vertical integration of GEMXX but are still seeing success in the precious metal sector including Agnico Eagle Mines Ltd. (NYSE: AEM), which recently reported record second-quarter numbers; Barrick Gold (NYSE: GOLD), which anticipates a second half of the year performance that surpasses its first; Newmont Mining (NYSE: NEM), which has received required approvals on a key acquisition announced earlier this year; and Franco-Nevada Corp. (NYSE: FNV), which has established a business model that provides investors with gold price and exploration optionality while limiting exposure to cost inflation.

Key Points: 
  • NEW YORK, Oct. 10, 2023 /PRNewswire/ -- In volatile economic conditions, smart money seeks stability and moves to safe havens.
  • Reacting to uncertainties, many gold mining companies, including GEMXX Corp. (OTCPK: GEMZ) ( profile ), have enjoyed significant growth during the recent volatility.
  • GEMXX owns and controls every aspect of the process from gold mining and gemstone finishing to jewelry manufacturing and global distribution.
  • GEMXX stands out as a leading producer of high-quality finished ammolite jewelry and is the only publicly traded ammolite company in the world.

Twiga Partnership Shows the Transformative Impact of Mining, Says Barrick

Retrieved on: 
Friday, September 29, 2023

NORTH MARA GOLD MINE, Tanzania, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) and the Tanzanian government are demonstrating how mining can be an enormous force for good when miners and their host governments work together to create sustainable value for all stakeholders, says president and chief executive Mark Bristow.

Key Points: 
  • Since taking over the two moribund mines in 2019, Barrick has transformed them into a world-class gold mining complex making a substantial contribution to the company’s bottom line.
  • The mines spent 84% of their procurement budgets with local companies, and Tanzanian citizens account for 96% of their workforce.
  • In the same spirit of partnership, Barrick has committed $40 million to a roadbuilding program and a further $30 million to the improvement of the country’s education facilities.
  • “Our Twiga partnership is not only adding value to the Tanzanian economy but to the quality of the lives of the communities around its mines as they continue to grow.

Barrick Welcomes Nevada Governor Joe Lombardo and His Delegation to Canada

Retrieved on: 
Wednesday, September 27, 2023

TORONTO, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today welcomed Nevada Governor Joe Lombardo and members of his economic team as part of the governor’s two-day trade mission to Canada.

Key Points: 
  • TORONTO, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today welcomed Nevada Governor Joe Lombardo and members of his economic team as part of the governor’s two-day trade mission to Canada.
  • Canada is Nevada’s largest trading partner and Barrick is the largest Canadian company operating in Nevada through Nevada Gold Mines (NGM), the world’s biggest gold mining complex.
  • Barrick is one of the highest taxpayers in the state, as well as one of Nevada’s biggest employers with a workforce of over 12,000 employees and contractors.
  • “Our company is proud of our historic relationship with Nevada which dates back 36 years when we bought the Goldstrike mine in Eureka County.

Gold Ore Market Expected To Reach $26.96 Billion In 2027 as Significant Growth is Forecasted

Retrieved on: 
Thursday, September 7, 2023

/PRNewswire/ -- The majority industry reports project that the gold ore market should continue to see significant growth in the near and long future. Gold ore is a type of rock that contains gold mineral or particles in sufficient quantities to make it economically viable to mine and extract the gold.  A report from ReportLinker projected that: The global gold ore market is expected to grow from $16.03 billion in 2022 to $17.86 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. It added that the gold ore market is expected to reach $26.96 billion in 2027 at a CAGR of 10.8%.  The report said: "The main gold ore mining methods include placer mining, hard rock mining, and others. Placer gold mining is the method of using water to excavate, transport, concentrate, and recover heavy minerals from placer deposits (collections of gold existing in discrete particles or mixed with sand).  The applications include cupellation method refining, inquartation method refining, miller chlorination process refining, Wohlwill electrolytic process refining, and aqua regia process refining used in investment, jewelry, and others."  Active Companies in the markets today include Asia Broadband Inc. (OTCPK: AABB), Harmony Gold Mining Company Limited (NYSE: HMY), Kinross Gold Corporation (NYSE: KGC) (TSX: K), Sandstorm Gold Ltd. (NYSE: SAND), (TSX: SSL), Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX).

Key Points: 
  • A report from ReportLinker projected that: The global gold ore market is expected to grow from $16.03 billion in 2022 to $17.86 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%.
  • It added that the gold ore market is expected to reach $26.96 billion in 2027 at a CAGR of 10.8%.
  • The increase in demand for gold jewelry propelled and is driving the growth of the gold ore market.
  • Companies operating in the gold ore market are adopting new technologies to sustain their position in the market."

Gold Ore Market Expected To Reach $26.96 Billion In 2027 as Significant Growth is Forecasted

Retrieved on: 
Thursday, September 7, 2023

/PRNewswire/ -- The majority industry reports project that the gold ore market should continue to see significant growth in the near and long future. Gold ore is a type of rock that contains gold mineral or particles in sufficient quantities to make it economically viable to mine and extract the gold.  A report from ReportLinker projected that: The global gold ore market is expected to grow from $16.03 billion in 2022 to $17.86 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. It added that the gold ore market is expected to reach $26.96 billion in 2027 at a CAGR of 10.8%.  The report said: "The main gold ore mining methods include placer mining, hard rock mining, and others. Placer gold mining is the method of using water to excavate, transport, concentrate, and recover heavy minerals from placer deposits (collections of gold existing in discrete particles or mixed with sand).  The applications include cupellation method refining, inquartation method refining, miller chlorination process refining, Wohlwill electrolytic process refining, and aqua regia process refining used in investment, jewelry, and others."  Active Companies in the markets today include Asia Broadband Inc. (OTCPK: AABB), Harmony Gold Mining Company Limited (NYSE: HMY), Kinross Gold Corporation (NYSE: KGC) (TSX: K), Sandstorm Gold Ltd. (NYSE: SAND), (TSX: SSL), Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX).

Key Points: 
  • A report from ReportLinker projected that: The global gold ore market is expected to grow from $16.03 billion in 2022 to $17.86 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%.
  • It added that the gold ore market is expected to reach $26.96 billion in 2027 at a CAGR of 10.8%.
  • The increase in demand for gold jewelry propelled and is driving the growth of the gold ore market.
  • Companies operating in the gold ore market are adopting new technologies to sustain their position in the market."

Barrick Ceases to Be an Insider of Cascadia Minerals

Retrieved on: 
Wednesday, September 6, 2023

Certain information contained in this press release, including any information relating to the ownership by Barrick of common shares of Cascadia constitutes “forward-looking statements”.

Key Points: 
  • Certain information contained in this press release, including any information relating to the ownership by Barrick of common shares of Cascadia constitutes “forward-looking statements”.
  • All statements, other than statements of historical fact, are forward-looking statements.
  • The words “expect”, “will”, “potential”, “may” and similar expressions identify forward-looking statements.
  • In particular, this press release contains forward-looking statements including, without limitation, with respect to Barrick’s potential acquisition or disposition of securities of Cascadia in the future.

Barrick Publishes GISTM TSF Disclosures

Retrieved on: 
Friday, August 4, 2023

Group sustainability executive Grant Beringer said: “Barrick is making these disclosures to provide public access to information about our tailings facilities in line with our commitment to transparency.”

Key Points: 
  • Group sustainability executive Grant Beringer said: “Barrick is making these disclosures to provide public access to information about our tailings facilities in line with our commitment to transparency.”
    As a member of the International Council on Mining and Metals (ICMM), Barrick participated in the development of the GISTM.
  • All of the company’s facilities classified as ‘Very High’ and ‘Extreme’ consequence under the standard conform to the requirements of the GISTM.
  • Disclosures for lower consequence facilities will be completed by August 2025 or sooner, also in accordance with the GISTM.
  • The launch of the GISTM in August 2020 confirmed that the internal tailings management standard Barrick first issued in 2012 is indeed world-class,” president and chief executive Mark Bristow said.

Barrick Receives Shares of Cascadia Minerals Pursuant to Previously Announces Spinout

Retrieved on: 
Friday, July 14, 2023

Certain information contained in this press release, including any information relating to the ownership by Barrick of common shares of Cascadia constitutes “forward-looking statements”.

Key Points: 
  • Certain information contained in this press release, including any information relating to the ownership by Barrick of common shares of Cascadia constitutes “forward-looking statements”.
  • All statements, other than statements of historical fact, are forward-looking statements.
  • The words “expect”, “will”, “potential”, “may” and similar expressions identify forward-looking statements.
  • In particular, this press release contains forward-looking statements including, without limitation, with respect to Barrick’s potential acquisition or disposition of securities of Cascadia in the future.