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GOLD Continues Collaborating With Mali Government to Finalize Deal
ZACKS· 2025-04-16 12:31
Core Viewpoint - Barrick Gold Corporation is committed to finalizing an agreement with the Government of Mali, which was negotiated and approved in February 2025, and emphasizes the importance of resuming operations for both economic and humanitarian reasons [1][2][3]. Group 1: Agreement and Negotiations - Barrick has been actively seeking a constructive resolution to outstanding disputes and made an $85 million payment as part of the negotiations [1]. - The company is ready to resume production immediately, which would generate significant revenue for Mali through tax and royalty payments [2]. - Barrick urges the Malian government to finalize the agreement to protect the country's economic interests and the welfare of its people [3]. Group 2: Production and Financial Projections - For 2025, Barrick anticipates gold production between 3.15 million and 3.5 million ounces, with all-in sustaining costs projected at $1,460 to $1,560 per ounce [6]. - Cash costs per ounce are expected to be between $1,050 and $1,130, with a similar cost of sales range [6]. - The company also forecasts copper production of 200,000 to 230,000 tons, with all-in sustaining costs of $2.80 to $3.10 per pound [7]. Group 3: Stock Performance - Barrick's shares have increased by 21.8% over the past year, compared to a 52% rise in the industry [5].
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]
GALIANO GOLD PROVIDES NOTICE OF FIRST QUARTER 2025 RESULTS
Prnewswire· 2025-04-15 21:09
VANCOUVER, BC, April 15, 2025 /PRNewswire/ - Galiano Gold Inc. ("Galiano" or the "Company") (TSX: GAU) (NYSE American: GAU) is pleased to announce it will release its first quarter ("Q1") 2025 financial and operational results after market close on May 14, 2025. The Company will host a conference call and webcast to review the Q1 results on Thursday, May 15, 2025, at 7:30am PT. Conference Call Details Replay (available until May 22, 2025) Date: May 15, 2025 Local: 289-819-1450 Time: 10:30 AM ET ...
NORSEMONT ANNOUNCES 2,184,000 INDICATED at 0.83 G/T AND 557,000 INFERRED AT 0.69 G/T GOLD EQUIVALENT OUNCES MRE FOR CHOQUELIMPIE
Prnewswire· 2025-04-15 12:30
VANCOUVER, BC, April 15, 2025 /PRNewswire/ - Norsemont Mining Inc., (CSE: NOM) (OTCQB: NRRSF) (FWB: LXZ1) ("Norsemont" or the "Company") is pleased to announce an updated Mineral Resource Estimate ("MRE") of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces for its Choquelimpie Gold-Silver-Copper Project ("Choquelimpie" or "the Project"), located in the Province of Parinacota, Region XV, Northern Chile. Norsemont holds a 100% ownership interest in the Project, through it ...
ALLIED GOLD PROVIDES UPDATE ON TRANSACTIONS WITH AMBROSIA INVESTMENT HOLDING AND NYSE LISTING
Prnewswire· 2025-04-14 11:30
TORONTO, April 14, 2025 /PRNewswire/ - Allied Gold Corporation (TSX: AAUC) (OTCQX: AAUCF) ("Allied" or the "Company") announces that it will not proceed with the previously announced private placement with Ambrosia Investment Holding L.L.C – S.P.C ("Ambrosia") as certain conditions precedent to the completion of the private placement were not secured. As the $3.40 price protection provided by the Toronto Stock Exchange for the private placement was set to expire, the Company chose not to request a further e ...
GoldMining Inc. Initiates Most Comprehensive Exploration Campaign To Date, São Jorge Project, Brazil
Prnewswire· 2025-04-14 10:00
VANCOUVER, BC, April 14, 2025 /PRNewswire/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX: GOLD) (NYSE American: GLDG) is pleased to announce that it has mobilized drilling equipment and geological staff in order to initiate its previously announced exploration program at its 100% owned São Jorge Project ("São Jorge" or the "Project") in the Tapajós gold district, Pará State, Brazil. The program is the largest exploration program initiated by the Company to date.Highlights: Figure 1 – Tapajós G ...
Barrick to Report First Quarter 2025 Results on May 7, 2025
Newsfilter· 2025-04-11 11:00
TORONTO, April 11, 2025 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) will release its Q1 2025 results on Wednesday, May 7, 2025. President and CEO Mark Bristow will host a live presentation of the results that day at 11:00 EDT, with an interactive webinar linked to a conference call. Participants will be able to ask questions. Q1 RESULTS ANNOUNCEMENT Q1 Results releaseMay 7, 6:00 EDT / 10:00 UTCQ1 Results live presentation and webinarMay 7, 11:00 EDT / 15:00 UTCGo to the webinarConferen ...
Barrick Gold's Reko Diq Project Approved by JV Shareholders
ZACKS· 2025-04-09 12:15
Barrick Gold Corporation (GOLD) recently stated that Reko Diq Joint Venture (JV) shareholders have approved the project's revised Feasibility Study and conditionally approved related Phase 1 development capital, subject to the closing of up to $3 billion in limited recourse project financing. The approval clears the way for significant works to begin in 2025, with the goal of starting production by the end of 2028. In addition, the shareholders have selected Fluor Corporation as the main Engineering, Procur ...
Reko Diq JV Shareholders Approve Project, Select Fluor as EPCM
Newsfilter· 2025-04-08 10:00
Core Insights - Barrick Gold Corporation has received shareholder approval for the updated Feasibility Study of the Reko Diq Joint Venture and conditional approval for Phase 1 development capital, pending up to $3 billion in limited recourse project financing, with major works expected to commence in 2025 and first production targeted by the end of 2028 [1][3][4] Project Development - The project is located in Balochistan, Pakistan, and is recognized as one of the world's largest undeveloped copper-gold projects [3][4] - Fluor Corporation has been selected as the lead Engineering, Procurement and Construction Management (EPCM) partner, collaborating with Barrick's Owner's Team for detailed design and construction [2][4] - The project aims to deliver large-scale mining operations safely and responsibly, with a focus on maximizing local content and community development [5][6] Partnerships and Expertise - Key partners for the project include Metso, Weir, and Komatsu, who will provide the majority of processing and mining equipment [5] - The engineering and supply partnerships are expected to leverage extensive global experience in delivering large copper concentrate projects in challenging environments [6]