Barrick(GOLD)

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Barrick sells its 50% stake in Alaska's Donlin project for $1 billion
KITCO· 2025-04-22 19:08
Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...
Barrick Gold offloads Donlin stake for $1B, surprising analysts with strong sale price
Proactiveinvestors NA· 2025-04-22 17:16
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced news journalists who produce independent content across various financial markets [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights into sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is committed to adopting technology to enhance its content creation and workflow processes [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all published content is edited and authored by humans [5]
Barrick Announces Sale of Stake in Donlin Gold Project for Up To $1.1 Billion
Newsfilter· 2025-04-22 11:00
Core Viewpoint - Barrick Gold Corporation has agreed to sell its 50 percent interest in the Donlin Gold Project for $1 billion in cash, allowing the company to optimize its asset portfolio and focus on long-term sustainable operations [1][4]. Group 1: Transaction Details - The sale involves Paulson Advisers LLC acquiring 80 percent and NOVAGOLD Resources Inc. acquiring 20 percent of Barrick's subsidiary's interest in Donlin Gold LLC [2]. - Barrick has granted NOVAGOLD an option to purchase the outstanding debt related to the Donlin Gold Project for $90 million if purchased before closing, or $100 million within 18 months after closing [1]. Group 2: Financial Implications - Proceeds from the sale will be utilized to strengthen Barrick's balance sheet, invest in future projects, and support shareholder returns [3]. - The transaction is expected to be completed in late Q2 or early Q3 of 2025, subject to customary closing conditions and regulatory approvals [5]. Group 3: Strategic Focus - Barrick's president emphasized the strategic decision to exit the Donlin Gold Project at an attractive valuation, allowing NOVAGOLD and Paulson to develop the project while Barrick focuses on its priority growth projects [4].
Barrick Gold: Too Cheap Even With Location Risks
Seeking Alpha· 2025-04-18 08:41
Core Insights - The individual has extensive experience in the energy industry, having worked for 22 years in various roles including engineering, planning, and financial analysis [1] - The investment strategy focuses on achieving returns that match the S&P 500 with lower volatility and higher income, emphasizing long-term holdings unless compelling reasons to sell arise [1] - The approach to investment is agnostic to asset class, market cap, sector, or yield, prioritizing total return by purchasing undervalued assets [1] Investment Position - The individual holds a beneficial long position in GOLD shares, indicating confidence in the stock's performance [2] - The article reflects personal opinions and is not influenced by compensation from any company mentioned [2] Performance Disclaimer - Past performance is noted as not guaranteeing future results, highlighting the inherent uncertainties in investment [3]
现货黄金日内涨幅达3.0%,刷新历史高位至3328.26美元/盎司。金银矿业股普遍上涨,Galiano Gold目前涨5.7%,Avino Silver、科尔黛伦矿业、埃尔拉多黄金、哈莫尼黄金、金田公司至多涨4.6%,赫克拉矿业涨3.99%,MSCI全球黄金ETF涨3.5%,金罗斯黄金涨3.4%,黄金矿工因素指数ETF涨3.3%,纽蒙特矿业涨3.2%,金矿股ETF涨3.2%,黄金ETF涨2.9%,泛美白银涨2.77%,巴里克黄金公司涨2%,白银ETF涨1.8%。上期所沪金期货主力合约再创新高,现涨超2%,报
快讯· 2025-04-16 16:02
上期所沪金期货主力合约再创新高,现涨超2%,报788.44元人民币/克,连续第九个交易日上涨。 现货黄金日内涨幅达3.0%,刷新历史高位至3328.26美元/盎司。金银矿业股普遍上涨,Galiano Gold目前涨5.7%,Avino Silver、科尔黛伦矿业、埃尔 拉多黄金、哈莫尼黄金、金田公司至多涨4.6%,赫克拉矿业涨3.99%,MSCI全球黄金ETF涨3.5%,金罗斯黄金涨3.4%,黄金矿工因素指数ETF涨 3.3%,纽蒙特矿业涨3.2%,金矿股ETF涨3.2%,黄金ETF涨2.9%,泛美白银涨2.77%,巴里克黄金公司涨2%,白银ETF涨1.8%。 ...
Gold Tops $3,300 As Peter Schiff Calls It 'Biggest Financial Story,' Barrick GOLD Flaunts A Golden Cross
Benzinga· 2025-04-16 12:37
Gold just pulled off a glitzy flex, smashing through the $3,300 mark and setting a fresh record at $3,313 an ounce — its biggest spotlight moment yet. Silver, not wanting to be left out, also polished up with a 70-cent jump back above $33. Peter Schiff couldn't help but declare it the "biggest financial story of the year," and honestly, it's hard to argue. Gold isn't just glittering—it's glowing, as markets wobble from renewed U.S.-China chip tensions and fears of an escalating minerals trade war. The stock ...
GOLD Continues Collaborating With Mali Government to Finalize Deal
ZACKS· 2025-04-16 12:31
Barrick Gold Corporation (GOLD) has confirmed that it remains committed to working collaboratively with the Government of Mali to finalize an agreement that was fully negotiated and approved by the Ministry of Finance in February 2025.Since the beginning of discussions, Barrick has sought a constructive path forward. In October 2024, it accepted a framework designed to resolve all outstanding disputes and made an $85 million payment as part of the ongoing negotiations.Barrick remains committed to upholding ...
RUA GOLD Expands High-Grade Intercepts at Depth at Auld Creek: 5.9g/t AuEq over 9m and 48.3g/t AuEq over 1.25m
Newsfile· 2025-04-16 11:30
RUA GOLD Expands High-Grade Intercepts at Depth at Auld Creek: 5.9g/t AuEq over 9m and 48.3g/t AuEq over 1.25m Note that AuEq amounts have been calculated using recent spot prices of gold and antimony and applying a ~30% discount. The gold equivalent formula is based on AuEq = Au g/t + 4.3 x Sb% using a Au price of US$2065/oz, Sb price of US$34,300 per tonne and 85% recovery. Figure 1: Overview of the Reefton Goldfield. Figure 2: Fraternal and Bonanza ore shoots at Auld Creek. April 16, 2025 7:30 AM EDT | S ...
Here's Why Barrick Gold (GOLD) Fell More Than Broader Market
ZACKS· 2025-04-15 22:55
Company Performance - Barrick Gold's stock closed at $20.32, reflecting a -0.44% change from the previous day, which is better than the S&P 500's loss of 0.17% [1] - The stock has increased by 6.41% over the past month, outperforming the Basic Materials sector's decline of 4.41% and the S&P 500's decline of 3.94% [1] Upcoming Earnings - Barrick Gold is set to release its earnings report on May 7, 2025, with projected earnings per share (EPS) of $0.29, indicating a 52.63% increase from the same quarter last year [2] Full Year Projections - Zacks Consensus Estimates forecast earnings of $1.59 per share and revenue of $14.97 billion for the full year, representing increases of +26.19% and +15.83% respectively from the prior year [3] Analyst Estimates and Stock Performance - Recent changes in analyst estimates for Barrick Gold are important, as positive revisions indicate optimism about the company's business and profitability [3][4] - The Zacks Rank system, which reflects estimate changes, has a proven track record of outperformance, with 1 stocks returning an average of +25% annually since 1988 [5] Valuation Metrics - Barrick Gold has a Forward P/E ratio of 12.87, which is lower than the industry's average Forward P/E of 15.26 [6] - The company has a PEG ratio of 0.38, compared to the Mining - Gold industry's average PEG ratio of 0.63 [6] Industry Context - The Mining - Gold industry is part of the Basic Materials sector and currently holds a Zacks Industry Rank of 155, placing it in the bottom 38% of over 250 industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]