Barrick’s growth plan for non-IPO mines has its risks
BARRICK Mining’s business outside North America offers growth from assets including Lumwana and Kibali, but Reko Diq remains the main source of doubt in the group’s growth plans.…
Barrick’s $1.95bn Newmont deal clears path to IPO
BARRICK Mining has cleared a significant hurdle ahead of its proposed North American IPO after reaching an agreement today with rival Newmont to expand their Nevada Gold Mines…
Barrick’s North American IPO plan faces investor backlash
BARRICK Mining’s proposed IPO of its North American assets is facing opposition from several major shareholders, raising pressure on the Canadian group’s chair, John Thornton,…
Barrick launches $3bn buyback ahead of spin-off
BARRICK Mining said it planned to repurchase $3bn of its shares in an effort to reward shareholders ahead of the proposed spin-off of its North American operations, later this…
Barrick names leadership team for North America IPO
BARRICK Mining has appointed an executive leadership team for its North American operations as the gold producer moves ahead with plans to list the business in an initial public…
Barrick gives green light to IPO of North American mines
BARRICK Mining has given the green light to a separation of its North American gold mines through an IPO which it expects to be completed by late 2026. The new company will hold…
Barrick restructuring hinges on Newmont’s approval
CANADIAN miner Barrick’s planned spinoff of North American assets depends on joint venture partner Newmont, said Reuters citing documents it had seen and the comments of former…
Barrick to seek IPO of North American gold assets
BARRICK Mining is to explore an IPO of its North American assets, the Toronto-based group announced on Monday. The listed subsidiary, majority controlled by Barrick Mining, would…
Barrick unveils operational review in wake of Bristow exit
BARRICK Mining used its first quarter following the shock resignation of CEO Mark Bristow to unveil an operational review and to boost returns to shareholders amid record free…
Newmont unveils new CEO as Palmer set to retire
TOM Palmer will retire from Newmont by December after more than a decade with the world’s largest gold producer, the company said on Monday, in an unexpected leadership…
Barrick open to “slight skewing” of benefits to end Mali dispute
BARRICK Gold will agree to a “slight skewing” of economic benefits from mining in Mali’s favour as it sought to resolve a tax dispute with the West African nation’s interim…
Barrick got “a way to go” before convincing market merger returns sustainable says Bristow
MARK Bristow said his company Barrick Gold had “a way to go” before it could convince investors its improved financial performance was sustainable. “Our share price is above its…
Barrick’s Bristow hails ICMM commitment to zero emissions by 2050
MARK Bristow, CEO of Barrick Gold, threw his weight behind a commitment by the International Council on Mining and Metals (ICMM) to target zero emissions by 2050, saying it was a…
Barrick, AngloGold to finally see $1bn in Kibali profits after DRC installs central bank governor
BARRICK Gold CEO Mark Bristow said chances were high the company would secure an agreement this year for the payment of nearly $1bn in profits earned at Kibali in which it has a…
Barrick Gold on track for 2021 gold production target
BARRICK Gold was on target to meet its 2021 gold production guidance of between 4.4 million to 4.7 million ounces (excluding Porgera in Papua New Guinea), according to second…