Barrick Gold

Barrick Gold sees 2012 Peru output down slightly

Barrick Gold, the world's largest gold producer, said on Monday its production of the yellow metal in Peru should be slightly lower this year than in 2011.

African Barrick goes ahead with Tanzania's Bulyanhulu expansion

African Barrick Gold (LON:ABG) shares rose 6% today as the miner announced its board has approved a $185 million expansion at Bulyanhulu, its underground gold mine in Tanzania.

Barrick makes investors day by hiking dividend 33%

Barrick Gold Corp. (TSX:ABX) increased its quarterly dividend by 33%, as the company announced Wednesday a 3% increase in its first-quarter profit.

Argentina's Supreme court demands environmental reports used to approve Barrick's Pascua Lama

The Argentine supreme court has ordered the national and the San Juan provincial governments to submit the environmental reports that were used to approve Canadian miner Barrick Gold's (NYSE: ABX) bi-national Pascua Lama gold-silver project, a source from the court told BNamericas.

Two gold mining companies undervalued compared to gold

Barrick Gold (ABX) and Newmont Mining (NEM) have suffered due to the recent downtrend in mining companies. If we take into consideration that gold prices are 11% above their 52-week lows, while the stock prices of Barrick Gold and Newmont Mining are at…

Barrick sells stake in Russian Highland Gold Mining cheap

Barrick Gold (NYSE:ABX)(TSX:ABX) announced today the sale of its entire 20% stake in Highland Gold Mining Limited (LON:HGM), the AIM-quoted Russian gold producer, at a price of 120 pence per share to undisclosed institutional investors.

Upsurge in gold production expected in Chile

With nearly 6 million tonnes mined each year, Chile is the world’s chief copper producer. Now, it turns out the country could someday become a leader in gold production as well, giving its neighbour, Peru, a run for its money.

Barrick completes sale of $2 billion of debt securities

Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) ("Barrick") announced today the completion of the sale of $2.0 billion in debt securities comprised of: $1.25 billion of 3.85% notes due 2022 and $750 million of 5.25% notes due 2042.

TORONTO, ONTARIO–(Marketwire – April 3, 2012) –

Zijin Mining, Barrick Gold ponder beneficial business relationship

China's largest gold miner recently met with the world's largest gold company to discuss possible opportunities for future cooperation.

Barrick Gold completes agreement

Barrick Gold has completed its 20 million Australian dollars farm-in agreement with explorer Coppermoly to earn a 72 percent stake in the Nakru, Simuku and Talelumas projects on New Britain.

Court orders world’s largest gold producer to pay $140,000 for death of miner at Belle Mine

The Perth, Australia, Magistrates Court fined Barrick Gold $140,000 Thursday for the death of miner Daniel Williams in August 2009. Williams fell into an ore chute at the underground mine of Barrick's Kanowna Belle gold mine near Kalgoorlie.

Barrick seeking arbitration over rejected mining lease in Pakistan

Barrick Gold says it will fight for the right to develop a gold project in Pakistan after a provincial government rejected its lease application earlier this month.

Canadian Press reports that Tethyan Copper, a partnership between Canada-based Barrick Gold (TSE:ABX) and Chile-based Antofagasta (LON:ANTO) has filed for international arbitration after the Balochistan government turned down its application without meeting with the companies.

How Fast Is the Cash at Barrick Gold?

It takes money to make money. Most investors know that, but with business media so focused on the "how much," very few investors bother to ask, "How fast?" When judging a company's prospects, how quickly it turns cash outflows into cash inflows can be just as important as how much profit it's booking in the accounting fantasy world we call "earnings."

Water shortages could dry up mining, oil and gas projects in Argentina

Argentina may be salivating over an abundance of natural resource riches, but getting it out from under the ground could push local water supplies to the breaking point.

Barrick invests $550m to expand Peruvian mines

Barrick Gold (TSX:ABX) will spend half a billion dollars to expand two of its mines in Peru, Bloomberg reports.

Toronto-based Barrick, the world's largest gold miner, says it will invest $$550 million to expand operations at its Alto Chicama and Pierina mines by 2013.

Quoting the company's country manager Darrell Wagner, Bloomberg states that the investment will serve to extend the minelives of both mines by four years, with production dropping as reserves are depleted:

African Barrick Gold unaware of any Tanzanian plans to impose mining windfall tax

African Barrick Gold said it was not aware of plans by the Tanzanian government to impose a "super tax" on mining profits, responding to reports that the country could introduce a windfall levy.

Worries over the tax helped drag the miner's shares down 7.8 percent by 1125 GMT, underperforming a sector battered by fresh concerns over the economic recovery.

Barrick Gold is upgrading its underground load and haul fleet at Darlot

Australian Mining Journal reports that Barrick Gold is upgrading its underground load and haul fleet at Darlot, one of six mines in Western Australia, with the aim of increasing overall output from fewer, more efficient, machines. The new fleet will …