Barrick

Barrick Reports Record Annual Returns to Shareholders in 2022 and Declares Q4 Dividend

Retrieved on: 
Wednesday, February 15, 2023
Barrick Gold, Barrick, NYSE, Share repurchase, Policy, TSX, Cryptocurrency

TORONTO, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced the declaration of a dividend of $0.10 per share for the fourth quarter of 2022. The dividend is consistent with the Company’s Performance Dividend Policy announced at the start of 2022. The Q4 2022 dividend will be paid on March 15, 2023 to shareholders of record at the close of business on February 28, 2023.

Key Points: 
  • TORONTO, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced the declaration of a dividend of $0.10 per share for the fourth quarter of 2022.
  • The dividend is consistent with the Company’s Performance Dividend Policy announced at the start of 2022.
  • The Q4 2022 dividend will be paid on March 15, 2023 to shareholders of record at the close of business on February 28, 2023.
  • In addition to the dividends paid in 2022, Barrick repurchased 24.25 million shares under the share buyback program that was announced in February 2022.

Barrick makes initial payment of $3 million to Balochistan

Retrieved on: 
Tuesday, January 31, 2023
Policy, NYSE, Reko Diq, Employment, Education, TSX, Government of Balochistan, Pakistan, Partnership, Barrick Gold, Food security, Barrick, Security (finance)

QUETTA, Pakistan, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has paid the first US$3 million (approximately 750 million Pakistani rupees) to the Balochistan provincial government as part of the new Reko Diq partnership. After the signing of definitive agreements and completion of legal process last month, Barrick and the Government of Balochistan recently agreed upon the timetable for the disbursement of committed funds to the province.

Key Points: 
  • QUETTA, Pakistan, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has paid the first US$3 million (approximately 750 million Pakistani rupees) to the Balochistan provincial government as part of the new Reko Diq partnership.
  • After the signing of definitive agreements and completion of legal process last month, Barrick and the Government of Balochistan recently agreed upon the timetable for the disbursement of committed funds to the province.
  • Reko Diq Pakistan Country Manager Ali E. Rind handed over the cheque for $3 million to Secretary, Mines and Minerals Development Department, Mr. Saidal Khan Luni.
  • The company plans to finish the Reko Diq feasibility study update by the end of 2024, with 2028 targeted for first production.

Reserve Replacement and New Opportunities Secure Kibali’s +10-Year Plan

Retrieved on: 
Monday, January 30, 2023
Policy, GOLD, Gold, Congo, NYSE, Mining, TSX, Kibali River, KCD, Democratic republic, Tree, Barrick, Barrick Gold, Fresh water, Garamba National Park, Bristow, Congolese

In addition, the Mengu Hill, Ikanva and Gorumbwa targets are showing the potential for joining Kibali’s underground portfolio.

Key Points: 
  • In addition, the Mengu Hill, Ikanva and Gorumbwa targets are showing the potential for joining Kibali’s underground portfolio.
  • “Kibali is a highly cost-efficient operation with its three world-class hydropower stations supplying much of its energy requirements.
  • The mine’s biodiversity support for the DRC’s Garamba National Park is being extended with the re-introduction of rhinos sourced in South Africa.
  • In line with Barrick’s global policy of employing and advancing host country nationals, Arthur Kabila has been appointed as Kibali’s first Congolese general manager.

Barrick’s Loulo-Gounkoto Complex Continues to Deliver Value to Stakeholders

Retrieved on: 
Sunday, January 29, 2023
Education, Tax, NYSE, Health, TSX, Cape Town, Partnership, Barrick, Face, Barrick Gold, Agriculture, Workforce

LOULO, Mali, Jan. 29, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) –Seventeen years after it went into production, Barrick’s Loulo-Gounkoto mining complex in Mali continues to demonstrate its value as a key socio-economic partner to the country.

Key Points: 
  • LOULO, Mali, Jan. 29, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) –Seventeen years after it went into production, Barrick’s Loulo-Gounkoto mining complex in Mali continues to demonstrate its value as a key socio-economic partner to the country.
  • The initial development of a third underground mine at Gounkoto was commissioned and is on track to start ore production from stoping in the second quarter of this year.
  • Key geological structures within the Loulo district have indicated the potential for further discoveries.
  • “Host community investment is making a significant difference in the surrounding areas through the ongoing development of infrastructure, agriculture, education and healthcare.

Barrick’s Tanzanian Assets Deliver Record Production and Create Long-Term Value

Retrieved on: 
Wednesday, January 25, 2023
Gena, GOLD, Employment, Mineral, Education, Tax, Export, Gold, National Social Security Fund (Tanzania), NYSE, Mining, TSX, Government, Partnership, Barrick Gold, Barrick, Best, Workforce

BULYANHULU, Tanzania, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) – Barrick’s two gold mines in Tanzania, North Mara and Bulyanhulu, boosted their combined output to 547,0001 ounces in 2022, achieving another step towards their potential Tier One2 status in the group’s asset portfolio as a combined complex. At the same time, exploration is continuing to deliver opportunities to grow the mineral reserves net of depletion at both mines.

Key Points: 
  • At the same time, exploration is continuing to deliver opportunities to grow the mineral reserves net of depletion at both mines.
  • North Mara’s transition to owner-mining is successfully ramping up its ongoing open pit expansion with improved efficiencies and costs, while technological advances in the underground operation are increasing productivity.
  • Last year it paid $303 million in taxes, royalties, levies, dividends and shareholder loan repayments and $476 million to local suppliers.
  • Their workforce is already 96% Tanzanian, with 45% of new hires drawn from the surrounding communities.

Kenorland Announces Termination of South Uchi Earn-In Agreement with Barrick Gold Corp.

Retrieved on: 
Thursday, January 19, 2023
Project, McCombe, Barrick, FSE, Sulfur, South Tyrol Option Agreement, Copper, Collection, Barrick Gold, Smart contract, LCT, Red Lake School District, Mining, Lithium, Kenorland

Vancouver, British Columbia--(Newsfile Corp. - January 19, 2023) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") announces that Barrick Gold Corporation ("Barrick") has terminated the South Uchi earn-in option to joint venture agreement (the "Option Agreement") and Kenorland has regained 100% control of the South Uchi Project (the "Project"), located in the Red Lake District of northwestern Ontario.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - January 19, 2023) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") announces that Barrick Gold Corporation ("Barrick") has terminated the South Uchi earn-in option to joint venture agreement (the "Option Agreement") and Kenorland has regained 100% control of the South Uchi Project (the "Project"), located in the Red Lake District of northwestern Ontario.
  • Under the Option Agreement, approximately US$4.31m of expenditures were incurred between 2021 and 2023.
  • In 2021, Barrick completed a property-wide glacial till geochemical survey including the collection of 1902 till samples.
  • In 2022, detailed follow-up exploration included a drill-for-till program which resulted in the collection of 459 overburden samples and 56 top of bedrock samples.

Barrick Targets 2028 for First Production from Reko Diq

Retrieved on: 
Monday, January 16, 2023
Awami National Party, Reko Diq, Balochistan Awami Party, Education, Barrick, TSX, Barrick Gold, NYSE, Ministry of Energy (Petroleum Division), Policy, PTI, BAP, Food security, ANP, Mining

ISLAMABAD, Pakistan, Jan. 16, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Barrick president and chief executive Mark Bristow has advised the Pakistan federal and Balochistan provincial government that, following the completion of the legal processes and definitive transaction agreements last month, the company plans to finish the Reko Diq feasibility study update by the end of 2024, with 2028 targeted for first production from the giant copper-gold mine in the country’s Balochistan province.

Key Points: 
  • Reko Diq will be operated by Barrick, which owns 50% of the project, with Balochistan holding 25% and three Pakistani state-owned enterprises sharing the remaining 25%.
  • The shareholding structure is in line with Barrick’s policy of benefit-sharing partnerships with its host countries.
  • Barrick is working to set up community development committees to identify priority projects focused on food security, environmental management and access to education, healthcare and potable water.
  • The minister welcomed the Reko Diq project as the type of long-term, employment-creating investment by a leading multinational that the country needed more of and that could help in the reform of the Pakistan and Balochistan economies.

United Natural Foods Names Ron Selders Its New President of Fresh

Retrieved on: 
Wednesday, December 21, 2022
Online Retail, Retail, Restaurant, Bar, Convenience Store, Discount, Variety, Supermarket, Food, Beverage, Larry Selders, International Dairy-Deli-Bakery Association, UNFI, United Natural Foods, Meal, Multimedia, Acquisition, NYSE, SUPERVALU, Barrick, Food science, Senior, Eating behavior in insects, Cheese, Marketing, California State University, Grocery store, Fresh

United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) announced that Ron Selders has been named President of Fresh where he will lead the Company’s growth strategy for its deli, bakery, produce, and meat departments.

Key Points: 
  • United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or “UNFI”) announced that Ron Selders has been named President of Fresh where he will lead the Company’s growth strategy for its deli, bakery, produce, and meat departments.
  • Selders’ appointment is effective December 26, and he will report to Steve Dietz, UNFI’s Chief Customer Officer.
  • In 2021, Selders was promoted to UNFI’s Senior Vice President of Bakery & Deli where he led the respective sales, merchandising, and category management teams across the entire organization.
  • With Selders promotion, current UNFI Vice President of Bakery & Deli, Jody Barrick, has been elevated to Senior Vice President of Bakery & Deli.

Latin Metals Provides Update on Barrick Gold Exploration Activities, Argentina

Retrieved on: 
Thursday, December 8, 2022
Accident, TSX Venture Exchange, Property, Health, Dispute resolution, Copper, Conversation, News, Insurance, Second Optional Protocol to the International Covenant on Civil and Political Rights, Legislation, Exercise, SEDAR, Plant, Risk, National Cyber Security Authority (Israel), Pandemic, Barrick, Mining, First Option, Financial statement, COVID-19, Epidemic, Security (finance), Risk management

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995.

Key Points: 
  • This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995.
  • Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct.
  • Readers are cautioned not to place undue reliance on forward looking statements.
  • Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by reference herein.

Barrick Delivers 25 Years of Value to Mali, With More to Come

Retrieved on: 
Friday, October 28, 2022
SEC, Company, Loss, Engineering, Mining, Copper, Barrick, COVID-19, Life, Forward-looking statement, Risk, Pandemic, Electricity, Climate change, Terrorism, Education, Gold, Nationalization, Silver, Weather, Malaria, Insurance, Natural gas, Investment, Employment, Failure, Intention, Accident, Health, Perception, Epidemic, Risk management, Security (finance)

BAMAKO, Mali, Oct. 28, 2022 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Barrick’s Loulo, Gounkoto and the former Morila mines have contributed $8.7 billion to the Malian economy in the 25 years the company has been in the country and over the past decade have accounted for between 5% and 10% of its GDP.

Key Points: 
  • All statements, other than statements of historical fact, are forward-looking statements.
  • The words continue, on track, commitment, value, guidance, and similar expressions identify forward-looking statements.
  • Barrick also cautions that its guidance may be impacted by the unprecedented business and social disruption caused by the spread of Covid-19.
  • Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.