Barrick Gold Corporation Mining News

Ex-Barrick Gold chief Jamie Sokalsky to join junior gold explorer Probe Mines

Former Barrick Gold chief executive Jamie Sokalsky has been appointed a director and the next non-executive chairman of junior gold explorer Probe Mines Ltd.

Barrick Gold ousts CEO Sokalsky in major shakeup

The Toronto-based firm has shown president and CEO Jamie Sokalsky the door two years into the job, and less than three months after a breakdown in merger talks with its largest rival.

Chile's Supreme Court begins hearings on Barrick Gold’s appeal to $16m fine

The appeal follows a confusing ruling in March this year that revoked the penalty, the largest ever imposed in the country, only to force the country's environmental watchdog to rewrite it.

Barrick putting Pascua Lama back on track

World's top gold miner reaches an initial agreement with Chile’s Diaguita community, the indigenous group that first blocked the $8.5 billion project.

Barrick Gold Class Action – Robertson Stromberg LLP Files Statement of Claim Against Barrick Gold and Other Defendants

The detailed claim alleges there were misrepresentations in Barrick's public disclosure relating to Barrick's development of the Pascua-Lama mine located on the border between Chile and Argentina.

Canadian firms sue Barrick over divisive Pascua-Lama project

The lawsuit alleges Barrick knew or should have known that it would have to overcome significant obstacles with its $8.5bn Pascua-Lamas gold-silver project.

Barrick’s profit dives 90% in Q1, cuts full year copper output outlook

Adjusted net earnings totalled $238 million or $0.20 per share, a dramatic drop from the $923 million or $0.92 per share logged last year.

Barrick-Newmont merger could be as good as gold

The new gold giant would have a market value of $33 billion, operations on five continents, and a gold output of well over 12 million ounces a year.

Chilean court revokes Barrick’s Pascua-Lama $16-million fine, but orders new ones

Far from being good news, the resolution orders Chile's environmental watchdog to charge Barrick for each and every of the 22 violations found in the project, instead of grouping them into five categories as it did the first time.

Barrick takes massive US$2.8 billion charge on mines, lowers gold reserves

Net loss for the entire year climbed up to a monster $10.37 billion.

Chile’s official commission suggests letting Barrick keep permit for Pascua Lama

But it also recommends an exhaustive review of the permit issued in 2006, as well as the miner’s glacier monitoring plan.

Argentina lobbies to overturn Barrick’s Pascua Lama freeze in Chile

Argentine authorities are requesting a meeting with incoming President of Chile, Michelle Bachelet, who takes office in March.

Barrick pulls away from top 3 peers

Among the top three North American gold miners —Barrick, Goldcorp and Newmont— the former made the strongest gains in the past month.

Canadian miners among the most hurt in 2013

New mining listings in the Toronto Stock Exchange and its junior counterpart, the TSX-V, continue to dive.

Barrick sells Australian Plutonic mine to Northern Star

For US$22 million.

Barrick: Thornton takes control April, former De Beers exec becomes COO

Thornton brings finance background and strong China connections, while James Gowans, former chief of the diamond giant's Canada unit brings mining experience.

Barrick next chairman might get a helping hand from China

John Thornton has strong connections to Asia, particularly China.

Barrick's Pascua Lama workers drop strike

Had workers on strike, they would have affected the construction a the water management system, which is the main condition imposed by Chilean authorities to allow Barrick restart work at the mine.

Barrick’s Peter Munk’s birthday not the happiest one

One of Canada’s most important entrepreneurs, Barrick Gold’s founder and chairman Peter Munk is turning 86 today, at a time of major challenges for his company and the industry.

Barrick has had enough: stops construction of Pascua-Lama, mulls stake sale

Delivering its Q3 results, the debt-laden gold miner said it is temporarily suspending all construction activity at its $8.5 billion Pascua-Lama project.

Barrick’s height of hard luck: huge lake appears at one of its biggest Aussie mines

The miner faces extra-costs caused by unusual factors, such as venomous snakes, shellfish traps and submerged fence posts by its Lake Cowal gold mine in Australia.

For Barrick, when it rains it pours: Chilean workers vote to strike

Pascua Lama's union to vote whether to accept Barrick's wage offer this week.

Chile’s Supreme Court lets Barrick keep permit, but upholds freeze on Pascua Lama

Ruling leaves the door open for new lawsuits against the Toronto-based miner.

Barrick admits violations in Pascua Lama, vows to make ‘things right’

Company lawyer asks Chilean court to ratify its July verdict, when it officially halted all operations in the project.

Chile's ex-president Bachelet considers mining law changes

The South American nation is home to 30% of the world's known copper reserves.