Barrick

Is Recent Volatility of Cryptocurrency Tipping the Scales in Gold's Favor

Retrieved on: 
Thursday, June 2, 2022

According to a report from ReportLinker the Global Gold Mining Market was valued at USD 197.58 Billion in the year 2021.

Key Points: 
  • According to a report from ReportLinker the Global Gold Mining Market was valued at USD 197.58 Billion in the year 2021.
  • Gold mining is a global business with operations on every continent, except Antarctica, and gold is extracted from mines of widely varying types and scales.
  • With the recent crash of cryptocurrency, the odds of a rally are leaning in gold's favor."
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Is Recent Volatility of Cryptocurrency Tipping the Scales in Gold's Favor

Retrieved on: 
Thursday, June 2, 2022

According to a report from ReportLinker the Global Gold Mining Market was valued at USD 197.58 Billion in the year 2021.

Key Points: 
  • According to a report from ReportLinker the Global Gold Mining Market was valued at USD 197.58 Billion in the year 2021.
  • Gold mining is a global business with operations on every continent, except Antarctica, and gold is extracted from mines of widely varying types and scales.
  • With the recent crash of cryptocurrency, the odds of a rally are leaning in gold's favor."
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Barrick Extends Revolving Credit Facility and Establishes Sustainability-Linked Metrics

Retrieved on: 
Thursday, May 19, 2022

TORONTO, May 19, 2022 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced that it has completed an amendment and restatement of the company’s undrawn $3.0 billion revolving credit facility, including an extension of the termination date by one year to May 2027, replacement of LIBOR with SOFR as the floating rate mechanism related to the interest rate for any US dollar funds drawn down, and the establishment of sustainability-linked metrics.

Key Points: 
  • All statements, other than statements of historical fact, are forward-looking statements.
  • The words target, continue, commitment, may, will, could and similar expressions identify forward-looking statements.
  • In particular, this press release contains forward-looking statements including, without limitation, with respect to Barricks financial liquidity, commitment to ESG, sustainability performance and the anticipated benefits of the extension of Barricks credit facility and inclusion of sustainability-linked metrics.
  • 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.

GOLD ROYALTY CORP. ANNOUNCES RECORD QUARTERLY REVENUES AND PROVIDES PORTFOLIO UPDATE

Retrieved on: 
Monday, May 16, 2022

David Garofalo, Chairman and CEO of Gold Royalty, commented, "Our second fiscal quarter of 2022 included several meaningful catalysts for the Company.

Key Points: 
  • David Garofalo, Chairman and CEO of Gold Royalty, commented, "Our second fiscal quarter of 2022 included several meaningful catalysts for the Company.
  • Gold Royalty now has 195 royalties focused on the best mining jurisdictions in the Americas.
  • Gold Royalty is pleased to announce that it will host a Town Hall Meeting on Wednesday, May 25 at 10:00 AM EDT.
  • Gold Royalty highlights that it is insulated from cost inflation as a royalty holder.

Kenorland Provides Exploration Update on the South Uchi Project

Retrieved on: 
Thursday, April 21, 2022

Vancouver, British Columbia--(Newsfile Corp. - April 21, 2022) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: NWRCF) (FSE: 3WQ0) ("Kenorland" or "the Company") is pleased to provide an update on exploration activities within the South Uchi Project ("the Project"), located in the Red Lake District of Ontario and held under an earn-in option to joint venture agreement ("Option Agreement") with Barrick Gold Corporation ("Barrick").

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - April 21, 2022) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: NWRCF) (FSE: 3WQ0) ("Kenorland" or "the Company") is pleased to provide an update on exploration activities within the South Uchi Project ("the Project"), located in the Red Lake District of Ontario and held under an earn-in option to joint venture agreement ("Option Agreement") with Barrick Gold Corporation ("Barrick").
  • Within the regional As-Sb anomaly, multiple discrete gold (Au) anomalies were also identified and have been prioritised for follow-up exploration in 2022.
  • Following the earning of a 70% interest, Barrick and Kenorland will form a joint venture in respect of the Project.
  • In Ontario, the Company holds the South Uchi Project under an earn-in agreement with a wholly owned subsidiary of Barrick Gold Corporation.

Pueblo Viejo Moves Forward with Life of Mine Extension Project

Retrieved on: 
Saturday, April 9, 2022

TORONTO, April 08, 2022 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) announced today that the Dominican Government had completed its strategic review of the location of the new Tailings Storage Facility (TSF) for the Pueblo Viejo mine. The new TSF forms part of the expansion project that is designed to extend the Tier One1 mine’s life to beyond 2040 and support annual production in excess of 800,000 ounces2.

Key Points: 
  • See the Technical Report on the Pueblo Viejo mine, Sanchez Ramirez Province, Dominican Republic, dated March 19, 2018, and filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov on March 23, 2018.
  • Future economic contribution over extended mine life assuming a gold price of $1,599 per ounce and a silver price of $20.96 per ounce.
  • The words move forward, design, support, commit, continue, goal, expected, develop, extend, expand, would, will, potential, create, plan, vision, strategy, and similar expressions identify forward-looking statements.
  • All of the forward-looking statements made in this press release are qualified by these cautionary statements.

Kibali Powers Ahead While Barrick Plans Further Investments in DRC

Retrieved on: 
Thursday, March 24, 2022

KINSHASA, Democratic Republic of Congo, March 24, 2022 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Africa’s largest gold mine, Kibali, has made a strong start to 2022 and is on track to equal its 2021 production this year. Last year it again replaced the reserves depleted by mining and its prolific KZ trend of orebodies continues to deliver opportunities for significant open pit and underground growth.

Key Points: 
  • The JORC Code reporting standards are functionally equivalent to National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
  • Estimated in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects as required by Canadian securities regulatory authorities.
  • The words ahead, on track, continue, envisage, strategy, pursue, expect, will, maintain, growth, opportunities, design 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 Set to Deliver Substantial Future Free Cash Flows

Retrieved on: 
Friday, March 18, 2022

TORONTO, March 18, 2022 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) is built on a foundation of six Tier One1 gold mines with rolling 10-year plans which secure the company’s ability to generate substantial free cash flows2 for the next decade and beyond, says executive chairman John Thornton.

Key Points: 
  • Free cash flow is a non-GAAP financial performance measure which deducts capital expenditures from net cash provided by operating activities.
  • Management believes this to be a useful indicator of our ability to operate without reliance on additional borrowing or usage of existing cash.
  • The words will, set to deliver, secure, ability, expect, commit, would, could and similar expressions identify forward-looking statements.
  • 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.

Barrick Announces Share Buyback Program

Retrieved on: 
Wednesday, February 16, 2022

TORONTO, Feb. 16, 2022 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (“Barrick” or the “Company”) (NYSE:GOLD)(TSX:ABX) announced today that it plans to undertake a share repurchase program to allow for the buyback of some of its common shares.

Key Points: 
  • The words will, expect, commit, would, could and similar expressions identify forward-looking statements.
  • In particular, this press release contains forward-looking statements including, without limitation, with respect to: the expected amount and timing of Barricks share repurchase program (subject to the limitation under applicable law that no more than 5% or 88,966,551* of Barricks issued and outstanding common shares may be repurchased); the expectation that the Company will have the financial strength to undertake the contemplated share repurchase program during the relevant period; the published markets which may be utilized to effect the share repurchase program; and the potential that the share repurchase program may be suspended or discontinued by the Company at any time.
  • 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.
  • *Calculated based on Barricks issued and outstanding share count on February 15, 2022.

Barrick Declares Increased Dividend and Announces Performance Dividend Policy

Retrieved on: 
Wednesday, February 16, 2022

TORONTO, Feb. 16, 2022 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (“Barrick” or the “Company”) (NYSE:GOLD)(TSX:ABX) today announced the declaration of a dividend in respect of performance for the fourth quarter of 2021 and announced a new performance dividend policy to begin in 2022.

Key Points: 
  • Certain information contained or incorporated by reference in this press release, including any information as to our strategy, projects, plans, or future financial or operating performance, constitutes forward-looking statements.
  • All statements, other than statements of historical fact, are forward-looking statements.
  • Readers are cautioned that forward-looking statements are not guarantees of future performance.
  • 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.