All amounts expressed in US dollars COLORADO SPRINGS, Colo., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) – Barrick is projecting a 30% growth in the production of gold-equivalent ounces from its existing assets by the end of this decade1 while it continues to unlock the value embedded in its portfolio, says president and chief executive Mark Bristow. Speaking at the Gold Forum Americas, Bristow said while Barrick was alert to potentially value-accretive opportunities ge ...

UKRAINE - 2021/12/29: In this photo illustration, a Barrick Gold Corporation logo is seen on a ... [+] smartphone and a computer screen and on the background. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Barrick Gold stock (NYSE: GOLD) has gained about 14% year-to-date, currently trading at about $21 per share. This compares to the S&P 500 which remains up by about 18% over the same period. The underperformance comes even though gold ...

"These exceptional results further highlight the exploration upside around the New Afton mine. The eastern sector of the mine, which includes the spectacular grades of K-Zone, new high-grade mineralization at HW Zone, and the existing East Extension mineral resource, is developing into a promising opportunity for a new high-grade mining area." stated Patrick Godin, President and CEO. "Additionally, the location of these zones above the elevation of the C-Zone extraction level and close to existing infrastru ...

As spot gold prices surge to record highs, now could be the perfect time for investors to capitalize on the precious metal's momentum by investing in top gold mining stocks. Amid the recent economic uncertainties around inflationary pressure and fears of a recession, gold has seen its price soar, hitting a high of $2,587 as of press time. Over the past six months, the yellow metal has recorded gains of almost 20%, with the markets anticipating the next possible target at the $2,600 spot if bullish sentiment ...

Core Viewpoint - Barrick Gold Corporation is advancing the expansion of its Lumwana mine in Zambia, with a feasibility study expected to be completed by the end of this year and construction set to begin in 2025 [1][2]. Expansion Details - The expansion aims to transform Lumwana into a long-life, high-yielding operation, positioning it among the top 25 global copper producers and achieving Tier One copper mine status [2]. - The project includes doubling the throughput by twinning the existing process circuit, increasing plant throughput from 27 million tons (Mt) to 52 Mt, and doubling annual copper production from 120,000 tons (kt) to a life-of-mine average of 240 kt [2][4]. Mining Volume Projections - Mining volumes are projected to rise from 150 Mt in 2024 to 240 Mt by 2028, reaching 290 Mt annually from 2030 [3]. - This phased ramp-up is expected to enhance cost competitiveness, with operating cash flow and free cash flow projected to increase by up to 85% and 60%, respectively, based on long-term copper price consensus [3]. Financial Impact - The anticipated improvements are expected to add $1.7 billion to the mine's net present value (NPV), with an incremental internal rate of return (IRR) of 20% and a total mine IRR exceeding 50% [4]. - With long-term average copper prices estimated at $4.13 per pound, the initial capital outlay is expected to be recovered within nearly two years post-expansion [4]. - Cost projections indicate a decline, with the cost of sales and C1 cash costs estimated at $2.36 per pound and $1.85 per pound, respectively [4]. Engineering and Construction Timeline - Barrick has confirmed that process plant engineering is progressing, with major equipment vendors selected and orders placed for long lead equipment [5]. - Detailed engineering work is set to begin this quarter, with pre-construction preparation activities scheduled for next year [5]. - Commissioning of the new process plant is planned for the second half of 2027, followed by planned shutdowns to the existing circuit for upgrades [6]. Regulatory and Market Context - The permitting process is underway, with the Environmental and Social Impact Assessment submitted to Zambian authorities, and approval expected by the end of 2024 [6]. - Barrick's shares have increased by 22.6% over the past year, compared to a 35.2% rise in the industry [6].

As the Official Pretzel Sponsor of the NFL, Rold Gold ® is giving fans a chance to win weekly prizes now through December 7 including a $1,000 grocery store shopping spree for gameday essentials PLANO, Texas, Sept. 12, 2024 /PRNewswire/ -- It is officially football season, and fans are gearing up to cheer their favorite team to victory including stocking up on their favorite gameday snacks. This year, Rold Gold®, the Official Pretzel Sponsor of the NFL, is offering the chance to win a VIP (very important pr ...

All amounts expressed in US dollars TORONTO, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) – The feasibility study for the expansion of Barrick's Lumwana mine in Zambia is expected to be completed by the end of the year, paving the way for construction to start in 2025 the company said today. Speaking during a webinar focused on updating the market on the Lumwana Super Pit Expansion Project, Barrick president and chief executive Mark Bristow said the expansion unlocks the ...

A month has gone by since the last earnings report for Barrick Gold (GOLD) . Shares have added about 2.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Barrick Gold due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Barrick's Q2 Earnings and Revenues Surpass Estimat ...

TORONTO, Sept. 9, 2024 /PRNewswire/ - Allied Gold Corporation ("Allied" or the "Company") (TSX: AAUC) (OTCQX: AAUCF) is pleased to announce that its common shares will commence trading today on the OTCQX Best Market under the ticker symbol of AAUCF. The OTCQX Best Market is the highest market tier of OTC Markets on which 12,000 U.S. and global securities trade. Trading on OTCQX is expected to enhance the visibility and accessibility of the Company to U.S. investors. Allied's common shares will continue to t ...

TORONTO, Sept. 9, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce that Sophie Bergeron and Ross Bhappu have been appointed to its Board of Directors (the "Board"). Sophie brings over 20 years of mining experience with a focus on operations and project management, as well as a strong sustainability background focused on safe mining. Sophie is currently the Managing Director, Diamonds for Rio Tinto Iron and Titanium and Diamonds where resp ...