Barrick(GOLD)

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Barrick(GOLD) - 2024 Q4 - Annual Report
2025-03-14 13:19
FOCUSED ON THE FUTURE ANNUAL REPORT 2024 The cover image shows the 3D geological model of the Cortez district, Nevada, cut out to reveal the Fourmile-Goldrush orebody wireframes as modelled by the Fourmile-Goldrush geological team. CONTENTS Barrick Gold Corporation shares trade on the New York Stock Exchange (NYSE) under the symbol GOLD, and on the Toronto Stock Exchange (TSX) under the symbol ABX. Barrick Gold Corporation NYSE : GOLD • TSX : ABX www.barrick.com Unless otherwise indicated, all amounts are e ...
Gold Rally vs. Oil Surge: Where Investors Are Betting Next
MarketBeat· 2025-03-13 12:46
When institutional traders look to benefit from the market’s underlying moves and shifts, they don’t do so in isolation to an asset or specific stock but rather in a function of correlations and spreads between various assets or markets. This view rhymes entirely with a global macro strategy in a way where various markets and assets are considered when developing an opinion or a view. Today, just like United States treasury bonds in the iShares 20+ Year Treasury Bond ETF NASDAQ: TLT has rallied as the Unite ...
NEW GOLD STRENGTHENS OPERATIONAL LEADERSHIP TEAM
Prnewswire· 2025-03-11 10:30
Core Insights - New Gold Inc. has appointed Travis Murphy as Vice President of Operations, effective March 24, 2025 [1] - Mr. Murphy has over 18 years of experience in the mining industry, previously serving as Principal Advisor – Productivity for Newmont Corporation [2] - The appointment is seen as timely for New Gold, aligning with the company's operational goals and commitment to safety [3] Company Overview - New Gold is a Canadian-focused intermediate mining company with two core producing assets: the Rainy River gold mine and the New Afton copper-gold mine [4] - The company's vision is to become a leading diversified intermediate gold company in Canada, emphasizing environmental and social responsibility [4]
Barrick Gold Gains 19% YTD: Is This the Right Time to Buy the Stock?
ZACKS· 2025-03-06 13:55
Barrick Gold Corporation’s (GOLD) stock is rebounding after a lackluster 2024, thanks to skyrocketing gold prices. The gold giant’s prices are up 19.1% so far this year after declining around 14% last year amid concerns over high production costs and operational issues across certain mines that impacted production, as well as its dispute with the Malian government over dividing the economic benefits from its Loulo-Gounkoto gold mine complex. With bullion prices continuing to zoom upward amid economic and ge ...
GOLD RESERVE ANNOUNCES FILING OF INTERNATIONAL ARBITRATION AGAINST THE VENEZUELAN GOVERNMENT
Prnewswire· 2025-03-05 22:00
PEMBROKE, Bermuda, March 5, 2025 /PRNewswire/ -- Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) announced today that its wholly owned subsidiary, GR Mining (Barbados) Inc. (GR Mining), filed a request for arbitration against the Bolivarian Republic of Venezuela ("Venezuela") under the Additional Facility Rules of the International Centre for the Settlement of Investment Disputes of the World Bank in Washington, D.C.The arbitration arises from Venezuela's arbitrary and unlawful measures that deprived GR Minin ...
Barrick Gold upgraded by analysts on ‘compelling value' following underperformance
Proactiveinvestors NA· 2025-03-05 20:56
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive focuses on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive adopts technology enthusiastically, utilizing decades of expertise and experience among its content creators [4] - The company employs automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
NEW FOUND GOLD STRENGTHENS BOARD OF DIRECTORS
Prnewswire· 2025-03-03 12:00
VANCOUVER, BC, March 3, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found" or the "Company") (TSXV: NFG) (NYSE-A: NFGC) is pleased to announce the appointment of Chad Williams to its board of directors (the "Board"). Effective immediately, Mr. Williams will replace Collin Kettell, Founder of New Found, who is stepping off the Board.Mr. Williams is the Chairman and Founder of Red Cloud Mining Capital Inc. He has extensive experience in mining finance and management, having previously held the positions of ...
3 Companies Buying Back Stock – Why They're Doubling Down
MarketBeat· 2025-03-01 12:02
Core Insights - The article discusses the advantages of stock buybacks over dividend payouts as a method for companies to reward shareholders, emphasizing that buybacks allow for reinvestment of capital and avoidance of double taxation [2][3]. Barrick Gold - Barrick Gold management has approved a new buyback program worth up to $1 billion, representing approximately 3.2% of the company's current market capitalization [4]. - Analysts forecast a 12-month stock price of $23.75 for Barrick Gold, indicating a potential upside of 33.92% based on 12 analyst ratings [5]. - The stock's value is expected to rise due to strong performance in gold prices, which could enhance margins and earnings per share (EPS) [6]. - Raymond James analysts have reiterated an outperform target for Barrick Gold, with a new price target of $24 per share, suggesting a potential 30% upside from current prices [7]. Lyft - Lyft management announced a stock buyback of up to $500 million, which represents about 9.3% of the company's market capitalization, indicating strong confidence in the company's future [10]. - The gross margin rate for Lyft is reported at 35.3%, allowing for more efficient reinvestment of capital [11]. - Jacobs Levy Equity Management increased their holdings in Lyft by 15.1%, reflecting bullish sentiment among investors [12]. - Analysts forecast a 12-month stock price of $17.22 for Lyft, with a potential upside of 28.93% based on 38 analyst ratings [10]. Tractor Supply - Tractor Supply has a buyback program of up to $1 billion, even as the stock trades at 90% of its 52-week high, indicating management's belief in the stock's undervaluation [15]. - The company has delivered a return on invested capital (ROIC) of up to 15% over the past 12 months, outperforming expected average annual returns from the S&P 500 [14]. - Analysts forecast a 12-month stock price of $59.22 for Tractor Supply, suggesting a potential upside of 6.96% based on 21 analyst ratings [14]. - The Wall Street EPS forecast for Tractor Supply is projected to reach $1.97 for the second quarter of 2025, a significant increase from the current $0.44 [16].
GoldMining Inc. Updates Mineral Resource Estimate, Expands Land Package and Highlights Exploration Potential, São Jorge Project, Brazil
Prnewswire· 2025-02-26 21:30
Core Viewpoint - GoldMining Inc. has announced an updated Mineral Resource Estimate (MRE) for its São Jorge Project in Brazil, highlighting significant exploration potential and plans for an expanded 2025 exploration campaign [1][4]. Updated Mineral Resource Estimate - The updated Indicated resource for the São Jorge deposit is estimated at 19.42 million tonnes (Mt) with an average grade of 1.00 gram per tonne gold (g/t Au), containing approximately 624,000 ounces (oz) of gold [6][10]. - An additional Inferred resource of 5.56 Mt at an average grade of 0.72 g/t Au is estimated to contain approximately 129,000 oz Au [6][10]. - The MRE is based on a long-term average gold price of US$1,950/oz Au and is reported within a conceptual pit design shell [6][8]. Exploration Potential - The São Jorge deposit is located within a 12 km x 7 km area of elevated surface geochemical anomalies, indicating broader exploration potential [6][11]. - The company has expanded its land package to 46,485 hectares (ha) by acquiring an additional 488.45 ha [6][19]. - High-grade auger drill intercepts from the 2024 drilling program include results such as 1 meter at 17.14 g/t Au and 5 meters at 2.78 g/t Au [6][20]. 2025 Exploration Plans - The company plans to double its exploration activities in 2025 compared to 2024, focusing on high-priority targets within the São Jorge mineral system [4][6]. - Follow-up drilling programs are planned to systematically explore areas with high-grade auger drill intercepts and significant soil anomalies [6][18]. Geological Context - The São Jorge deposit is classified as a granite-hosted, intrusion-related gold deposit, similar to other known deposits in the region [11]. - The geological model has been revised based on 2024 drilling results, enhancing the understanding of gold mineralization controls [12][14]. Technical Report - An independent Technical Report prepared by SLR Consulting supports the updated MRE and is available for public access [7][8].
ALLIED GOLD ANNOUNCES STRATEGIC PARTNERSHIP WITH UAE-BASED AMBROSIA INVESTMENT HOLDING AND RELATED TRANSACTIONS
Prnewswire· 2025-02-25 12:30
Core Insights - Allied Gold Corporation has formed a strategic partnership with Ambrosia Investment Holding to enhance the value of its Sadiola mine in Mali and strengthen its financial position [1][2][3] Partnership Overview - The partnership aims to leverage Ambrosia's regional expertise and influence in Africa, particularly through the United Arab Emirates, to complement Allied's operational and technical capabilities [2][9] - The transaction is expected to provide over US$500 million in total proceeds, including approximately US$250 million in upfront cash, significantly enhancing Allied's financial flexibility [3][5] Project Developments - The Kurmuk project in Ethiopia is projected to start production in mid-2026, targeting approximately 290,000 gold ounces annually for the first four years and 240,000 ounces over its mine life [4][10] - The phased expansion at the Sadiola mine aims to increase production from approximately 170,000 ounces in 2023 to a range of 200,000 to 230,000 ounces per year, with further expansions targeting 400,000 ounces annually by late 2028 [4][10] Financial Implications - The partnership will create a robust balance sheet for Allied, supporting its growth plans and allowing for optimized capital allocation for the Sadiola mine expansion [3][9] - The upfront cash payment and deferred consideration from the Mali transaction will provide immediate value realization for shareholders, valuing Allied's 80% interest in the Sadiola mine at US$750 million [9][10] Energy Solutions - A power supply agreement with ATGC LLC will provide a renewable energy solution to the Sadiola mine, expected to reduce operating costs and improve environmental performance [6][9] Strategic Rationale - The partnership is anticipated to enhance Allied's ability to pursue significant value-creation opportunities in West Africa, leveraging Ambrosia's relationships and expertise [9][10] - The collaboration is seen as a unique transaction, combining Canadian mining expertise with Emirati investment in Mali, aiming for long-term growth and operational efficiency [10][11]