Barrick Gold (NYSE: GOLD ) (TSX: ABX:CA ) is one of the world's largest companies that engages in the production and sale of gold and copper; additionally, GOLD engages in other related activities such as exploration and mine development. GOLD's headquarters isWith over 7 years of experience in the buy-side, my investment philosophy is rooted in both fundamental bottom-up analysis and quantitative modelling. My forte lies in identifying perception gaps to capitalize on over-pessimism and excessive exuberanc ...

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VANCOUVER, BC and TORONTO, Nov. 8, 2024 /PRNewswire/ - Integra Resources Corp. ("Integra" or the "Company") (TSXV: ITR) (NYSE American: ITRG) and Florida Canyon Gold Inc. ("FCGI") (TSXV: FCGV) are pleased to announce that the business combination between Integra and FCGI was completed by way of a court approved plan of arrangement under the Canada Business Corporations Act (the "Transaction"). The Transaction was overwhelmingly approved by shareholders of FCGI at a special meeting held on October 25, 2024 ( ...

Barrick Gold Corporation (GOLD) recorded profits (on a reported basis) of $483 million or 28 cents per share in third-quarter 2024, up from $368 million or 21 cents per share in the year-ago quarter. Barring one-time items, adjusted earnings per share were 31 cents. The figure missed the Zacks Consensus Estimate of 33 cents.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Barrick Gold recorded total sales of $3,368 million, up 17.7% year over year.GOLD’s Operational HighlightsTotal gol ...

TORONTO, Nov. 7, 2024 /PRNewswire/ - Allied Gold Corporation (TSX: AAUC) (OTCQX: AAUCF) ("Allied" or the "Company") is pleased to announce a series of changes and developments meant to improve operational oversight, improve mining operations, advance the Kurmuk project towards operations and improve corporate governance. These include management and board appointments, awarding the mining contract for Kurmuk to a reputable international contractor, as well as consolidating mining activities in Mali and Cote ...

VANCOUVER, BC, Nov. 7, 2024 /PRNewswire/ - Galiano Gold Inc. ("Galiano" or the "Company") (TSX: GAU) (NYSE American: GAU) is pleased to report its third quarter ("Q3") 2024 production and financial results. Galiano owns a 90% interest in the Asanko Gold Mine ("AGM") located on the Asankrangwa Gold Belt in the Republic of Ghana, West Africa.All financial information contained in this news release is unaudited and reported in United States dollars.During Q3, the Company produced 29,784 gold ounces at all-in s ...

Management's Discussion and Analysis ("MD&A") Quarterly Report on the Third Quarter of 2024 This portion of the Quarterly Report provides management's discussion and analysis ("MD&A") of the financial condition and results of operations, to enable a reader to assess material changes in financial condition and results of operations as at, and for the three and nine month periods ended September 30, 2024, in comparison to the corresponding prior-year periods. The MD&A is intended to help the reader understand ...

Financial Data and Key Metrics Changes - Adjusted net earnings per share rose by 33% year-on-year, with free cash flow increasing by 24% year-on-year to $444 million, the highest since Q1 2021 [10][41] - Debt net of cash was reduced by 27% quarter-on-quarter to $500 million, maintaining a sector-leading balance sheet [11][41] - Quarterly dividend was maintained at $0.10, and $95 million of shares were repurchased through buybacks [9] Business Line Data and Key Metrics Changes - Gold production was consistent with the previous quarter, while copper production increased by 12% quarter-on-quarter with reduced costs [10][23] - Higher margins in gold operations were driven by increased gold prices and cost discipline [8] - The ramp-up of the Pueblo Viejo plant resulted in a 23% increase in quarterly production and reduced unit costs [23] Market Data and Key Metrics Changes - The gold price continues to reach record highs, influencing the company's performance positively [4][42] - Global gold demand is projected to reach record levels, driven by the return of Western investors into gold via ETFs [42] Company Strategy and Development Direction - The company is focused on organic growth without the need for mergers or acquisitions, emphasizing strict value investment criteria for external opportunities [5][6] - Barrick aims to achieve a 30% growth in gold equivalent ounces from existing assets while continuing to advance growth projects [39] - The company is committed to sustainable mine closure, having reduced associated closure liabilities by over $1 billion, representing a 36% reduction [14][78] Management's Comments on Operating Environment and Future Outlook - Management acknowledged 2024 as a challenging year but expressed confidence in achieving production guidance at the lower end [7] - The company is focused on maintaining profitability and managing costs effectively, with a disciplined approach to capital allocation [86][102] - Management highlighted the importance of flexibility in mining operations to optimize production and costs [116] Other Important Information - The company is actively engaged in discussions with the Malian government to ensure a mutually beneficial agreement regarding economic benefits [120][122] - The Kibali mine is set to increase its renewable energy component from 81% to 85% with the commissioning of a new solar and battery storage plant [34] Q&A Session Summary Question: Production guidance and cost outlook for 2025 - Management indicated that production guidance for 2025 may see moderate downside due to ongoing ramp-up at Pueblo Viejo and Gold Quarry [44][45] Question: Sustaining CapEx profile and key projects - Management confirmed that sustaining CapEx is expected to decrease as the company addresses underinvestment in capital and focuses on efficiency [56][67] Question: Reserve replenishment and net increases - Management expressed confidence in strong reserve replenishment, particularly from Lumwana and Reko Diq, with North America tracking about 75% replacement of net depletion [70][72] Question: Environmental rehabilitation provisions - Management stated that Barrick is an industry leader in tailings management and is proactively managing closure liabilities [74][76] Question: Wage inflation and cost pressures - Management acknowledged wage inflation pressures and indicated that they are managing costs effectively through efficiency improvements and automation [102][123]

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Core Viewpoint - Barrick Gold Corporation reported significant progress in Q3 2024, maintaining production and cost guidance while anticipating a strong Q4 performance driven by operational improvements and project advancements [1][2]. Financial Performance - Gold production remained stable compared to the previous quarter, while copper production increased by 12% quarter-on-quarter [2]. - Net earnings per share rose by 33% year-on-year, with operating cash flow totaling $1.18 billion and free cash flow increasing by 31% quarter-on-quarter to $444 million [3][12]. - The company reduced its debt net of cash by 27% quarter-on-quarter and declared a quarterly dividend of $0.10 per share [3][12]. Operational Highlights - The Pueblo Viejo plant expansion is on track, contributing to a projected material improvement in Q4 [2][10]. - Improved margins across gold operations were attributed to higher gold prices and cost discipline [3][10]. - The company is focused on replacing mineral reserves net of depletion in 2024, driven by the Reko Diq and Lumwana projects [4][10]. Exploration and Development - The Fourmile project in Nevada shows significant value potential, with ongoing exploration efforts yielding promising results [5][10]. - Feasibility studies for the Reko Diq and Lumwana projects are on track for completion by year-end, with long lead items being ordered [4][10]. - Barrick's exploration teams are identifying new high-potential targets across its global portfolio [5][10]. Sustainability and Closure Management - Over the past five years, Barrick has reduced its closure liabilities by more than $1 billion through optimization of closure projects [6][34]. - The company is committed to sustainable mine closure practices, which are integral to its long-term value creation strategy [31][32]. Future Outlook - Barrick projects a 30% growth in gold-equivalent ounce production from existing assets by the end of the decade [48]. - The Lumwana Super Pit expansion is expected to double the mine's annual copper production, with a feasibility study anticipated by year-end [44][45]. - The company continues to focus on organic growth opportunities while remaining alert to potential value-accretive acquisitions [49][50].