Barrick Gold Mining News

Gold miners must focus on returns, mergers to attract investment – Barrick CEO

Gold miners have for years been accused of eroding profits through expensive deals but the takeovers of Randgold by Barrick and Goldcorp by Newmont have spurred speculation about a pick up in long-dormant gold M&A.

Acacia blames Barrick for barring it from Tanzania talks, mulls takeover bid

Comments come after parent company Barrick Gold proposed to acquire all of the shares it does not already own in the Tanzanian miner.

Tanzania fines Acacia Mining $2.4m over alleged pollution

Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania.

Barrick Gold prepping sale of Zambian copper mine in H2

The world's second largest bullion miner is preparing its Zambian copper mine Lumwana for sale in the second half of 2019, looking to target Chinese buyers.

YMP launches 10 more scholarships totalling $44K, including inaugural Northern Miner scholarship

The Young Mining Professionals (YMP) is bumping up its YMP Scholarship Fund for the 2019-20 academic year for students in mining-related university programs in Canada.

Acacia Mining hits back at parent Barrick in Tanzania row

Acacia Mining on Thursday hit back at parent company Barrick Gold Corp's allegation the miner was an obstacle to solving a long-running tax row in Tanzania.

Acacia seeks clarification on North Mara dispute, production jumps

Acacia Mining saw a surge in gold production in April thanks chiefly to a 54% rise in output from its disputed North Mara gold mine in Tanzania.

Barrick Gold to sell $1.5B in assets, but open to acquisitions

The goal is for the sale process to be well advanced by mid-2020.

Newmont Goldcorp to account for over 7% of global gold output this year

The world’s largest gold producer by market value, output and reserves, is expected to churn out 8.4 million ounces of the precious metal in 2019.

RANKED: Top 10 lowest cost gold mines on the globe

Barrick's South Arturo loses top spot, two other Barrick mines dropped from top 10 ranking.

Premier Gold shares jump on high-grade discovery in Nevada

Shares of Premier Gold Mines went up 7% at Monday's market open on news of a high-grade discovery at the McCoy-Cove project in Nevada.

Expect cascade of mining M&A — PwC's Braunsteiner

Recent mergers and acquisitions have brought the industry back into the spotlight, after years of speculation around how the sector could regain power, PwC's Canadian Mine report notes.

Canadian miners start 2019 off on the right foot amid mega-deals

Ernst & Young’s Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — rose 5% fin the January-March period.

Acacia Mining core profit slumps as Tanzanian troubles bite

Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania.

Top miners back autonomous systems guidelines

The document divides operations into six levels, from zero (entirely manual) to five (fully autonomous), and assists in the preparation of a business case for autonomous mining, depending on level and needs.

Barrick, Newmont JV completed, world’s largest gold complex is born

The new business, yet to be named, will be owned 38.5% by Newmont Goldcorp and 61.5% by Barrick.

Barrick says Kibali mine on track for another record year

The company achieved preliminary Q1 production of 1.37Moz gold and 106Mlb copper.

Done deal: Newmont Goldcorp becomes world's No. 1 gold miner

Newmont Goldcorp is now the world’s largest gold producer by market value, output and reserves, as well as the only bullion producer listed on the S&P 500 Index.

Mega-mergers will bring short-lived glory if miners ignore innovation — opinion

Market signals are already showing troubling signs of this shift in the sector.

Newmont-Goldcorp $10B merger to close this week

Deal creates the world’s largest gold producer by market value, output and reserves.

Newmont shareholders overwhelmingly approve $10B Goldcorp takeover, creating world’s top gold miner

Deal creates the world’s largest gold producer by output, robing Barrick of its recently cemented supremacy.

Barrick’s deal-making chairman awarded $12.9m in 2018

John Thornton received a $9.74 million bonus on top of his $2.5 million salary, but used most of the after-tax proceeds of the bonus to buy 215,000 Barrick shares, according to a company's filing.

Investors with $10 trillion in assets pressure miners over tailings safety

The move is aimed at providing a tool for institutional investors to assess the risk from their holdings in mining companies.

Barrick upbeat about new DRC president’s stance on mining, investment

The company said Felix Tshisekedi had confirmed his intention of working with miners to keep growing the Central African nation’s gold sector.

K92 Mining reports early result from Blue Lake prospect in Papua New Guinea

The company has intersected 175 metres of 0.28 g/t gold at its Blue Lake porphyry prospect in Papua New Guinea.