Barrick Gold Corporation (NYSE: GOLD ) explores, mines, produces, and sells gold and copper all over the world. They have one of the largest portfolios of Tier One and world-class gold and copper assets. Barrick operates on four continents in 18I believe in fundamental analysis and disciplined market research. I have strong quant background with a Ph.D. (Chemical Engineering, University of California, Santa Barbara) in model predictive control and an MBA (Jones School of Business, Rice University). My prima ...

Barrick Gold Corporation’s (GOLD) Kibali mine gave a strong performance in the final quarter of 2024. This performance resulted in the highest annual throughput since its commissioning. This was culminated through the mine’s continued focus on operational excellence and its capacity to deliver strong results.As stated by Barrick’s chief operating officer for Africa and the Middle East, 2024 was a challenging year which called for some leadership changes. Despite of the challenges, Kibali mine has proved its ...

Core Viewpoint - Galiano Gold Inc. has provided an updated five-year production outlook for its Asanko Gold Mine, projecting significant production growth and cost management strategies to enhance operational efficiency and financial strength [2][3][4]. Production Outlook - The Asanko Gold Mine is expected to produce between 130,000 oz to 150,000 oz of gold in 2025, with all-in sustaining costs (AISC) projected between $1,750/oz to $1,950/oz [4][9]. - Production growth is anticipated to increase by approximately 75% from 2024 levels over the next 24 months, driven by higher-grade mill feed from the Abore and Esaase deposits [7][9]. Financial Guidance - The company maintains a strong cash balance of over $100 million and no debt, which positions it well for future investments and operational improvements [3]. - Total sustaining capital expenditures are guided at $15 million for 2025, with development capital estimated between $60 million to $65 million [5][6]. Exploration and Resource Management - Exploration expenditures for 2025 are estimated at approximately $10 million, focusing on increasing mineral reserves and resources at Abore and targeting new discoveries [7]. - The mineral reserve estimate as of December 31, 2024, totals 2,055,000 ounces of gold, with a focus on optimizing mine plans to maximize ore supply and reduce operational risks [12][13]. Five-Year Production Forecast - The five-year outlook indicates a gradual increase in gold production, with projections of 180,000 to 210,000 oz in 2026, 190,000 to 220,000 oz in 2027, and reaching up to 260,000 oz by 2029 [9]. - AISC is expected to decrease over the years, reaching $1,100 to $1,400 per ounce by 2029, reflecting improved operational efficiencies [9]. Operational Strategy - The mine plan prioritizes larger deposits to enhance flexibility and mitigate risks associated with smaller pits, with a focus on optimizing production from Abore and Esaase [3][10]. - Significant pit wall pushback at Nkran is expected to commence by mid-2025 to access high-grade ore at depth [7].

Egan-Jones Recommends Shareholders Vote "WITHHOLD" on Matthews' Nominees Terry L. Dunlap, Alvaro Garcia-Tunon and J. Michael Nauman and "AGAINST" All Matthews' Other Proposals Barington Capital Urges Shareholders to Follow Egan-Jones' Recommendation and Vote the GOLD Proxy Card "FOR" the Election of ALL of its NomineesNEW YORK, Jan. 28, 2025 /PRNewswire/ -- Barington Capital Group, L.P. ("Barington Capital"), a fundamental, value-oriented activist investor that, together with the other participants in its s ...

Core Insights - Barrick Gold's Kibali gold mine achieved its highest yearly throughput since commissioning, reflecting operational excellence and strong results [1] - The management team has been strengthened, focusing on exploration in highly prospective areas to bolster the mine's reserve pipeline [2] - Kibali is progressing with a 16MW solar plant to reduce carbon dioxide emissions and enhance renewable energy usage [3][4] Operational Performance - Kibali maintained ISO 45001 and ISO 14001 certifications, indicating high standards in occupational health, safety, and environmental management [5] - Fresh water extraction from the Kibali river was reduced from 15% to 11% due to system modifications [5] - The mine has contributed over $5.7 billion to the Congolese economy, with $3 billion spent on local suppliers [7] Community and Environmental Initiatives - Barrick is working with African Parks to reintroduce 64 white rhinos into Garamba National Park, building on previous successes [6] - The company is enhancing local content by collaborating with the Congolese regulator to support over 500 local companies [8] - Barrick invested $4.4 million in community development projects in 2024, completing 41 out of 44 planned projects [9]

All amounts expressed in US dollars KINSHASA, Democratic Republic of Congo, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Barrick's Kibali gold mine achieved an improved performance in the last quarter of the year, culminating in the highest yearly throughput since its commissioning. This milestone underscores the mine's continued focus on operational excellence and its capacity to deliver strong results. Barrick chief operating officer for Africa and the Middle East, Seb ...

Ahead of their earnings release, BofA Securities analyst Lawson Winder upgraded Kinross Gold Corporation KGC and downgraded Barrick Gold Corporation GOLD.Talking about market, the analyst says that Gold opened at $2,706/oz last week, rising to $2,746/oz on January 21, 2025, as the U.S. Dollar weakened.It closed the week at $2,771/oz, up 2.5%, on President Trump’s remarks on a less aggressive tariff approach to China.KGC: The analyst double-upgraded Kinross from Underperform to Buy and raised the price forec ...

Barrick Gold Corporation (GOLD) has displayed its commitment to Zambia’s economic growth by contributing through royalties, taxes, salaries and procurement of goods and services through its Lumwana mine. The Lumwana Mine operations have contributed $887 million to the economy in 2024. Since 2019, GOLD has contributed more than $3.7 billion to the economy. The Lumwana mine has led the advancement of local content in Zambia. Out of the $906 million spent on goods and services in 2024, 72% went to Zambian supp ...

Accessibility StatementSkip Navigation Figure 9 – Providencia Target geology map, rock sample copper results, and copper-nickel-cobalt anomaly location (geology legend in Figure 7) (CNW Group/Pan Global Resources Inc.) "The new high-grade copper, gold and other metals results from Cármenes are very encouraging. The initial soil and rock geochemistry results indicate the footprint of the Providencia breccia pipe mineralization is much larger than previously known, and shows significant gold potential. Th ...

Core Insights - Barrick Gold Corporation has reaffirmed its commitment to Zambia's economic growth, contributing over $3.7 billion since 2019, with Lumwana's operations contributing $887 million to the economy in 2024 alone [1][2][5] - Lumwana's expansion is set to double its current copper production to an average of 240,000 tonnes per year, creating 2,500 construction jobs and 550 permanent roles [3][4] - The company is focused on advancing local content, with 72% of the $906 million spent on goods and services in 2024 going to Zambian suppliers [2][3] Economic Contributions - Since 2019, Barrick has spent a total of $2.5 billion on local goods and services, reinforcing its role as one of Zambia's top five taxpayers [1][2] - In 2024, Lumwana's operations contributed $887 million through royalties, taxes, salaries, and procurement [1] Expansion Plans - The Lumwana expansion will increase copper production capacity significantly, with plans to employ an additional 2,500 construction workers and create 550 permanent jobs [3][4] - The company is extending its training center to equip local workers with necessary skills, with 99% of Lumwana's employees being Zambian nationals [3] Infrastructure Development - Plans include transforming the Kalumbila District into a mining-powered economic hub, with new employee housing, an industrial supplier park, and an airport expected to be operational by the end of 2025 [4] - The master plan aligns with Zambia's integrated development strategy, developed in collaboration with local authorities [4] Support for National Goals - Barrick is supporting Zambia's ambition to increase copper output to 3 million tonnes by 2031 through its Lumwana expansion and securing further exploration licenses [5] - The company is also addressing Zambia's power challenges through co-generation initiatives, reducing reliance on the grid [5]