Accessibility StatementSkip Navigation Highlights: Hole No. From (m) To (m) Interval (m) Au (g/t) Zone NFGC-24-21934 283.85 300.00 16.15 26.15 Dropkick Including 296.00 296.35 0.35 1,128.00 NFGC-24-21974 304.85 310.70 5.85 89.48 Dropkick Including 306.60 307.60 1.00 514.09 And Including 306.60 307.00 0.40 1,067.00 Table 1: Drilling Highlights <tbody ...

Barrick Gold Corporation (GOLD) is slated to come up with fourth-quarter 2024 results before the opening bell on Feb. 12. The company’s performance is expected to reflect higher gold prices and strong production.See the Zacks Earnings Calendar to stay ahead of market-making news.The Zacks Consensus Estimate for fourth-quarter earnings has been revised 8.9% downward in the past 30 days. The consensus estimate for earnings is pegged at 41 cents per share, suggesting a 51.9% year-over-year rise.  Image Source: ...

Glass Lewis Finds Matthews Has "Persistently Deteriorated and Consistently Underperformed During Substantially All Measurement Periods, Including During the Fullness of Mr. Bartolacci's Tenure as CEO"Asserts Barington "Has Offered Investors a Reasonable, Credible and Incremental Slate of Candidates" and a "More Promising Roadmap" for the CompanyRecommends Shareholders Vote "WITHHOLD" on Matthews' Nominees Terry L. Dunlap, Alvaro Garcia-Tunon and J. Michael Nauman Barington Capital Urges Shareholders to Foll ...

Core Viewpoint - Barrick Gold Corporation (GOLD) is currently undervalued compared to its industry peers, with a forward price/earnings ratio of 10.81X, which is approximately 23.7% lower than the Zacks Mining – Gold industry's average of 14.16X, and has a Value Score of A [1][8] Valuation and Stock Performance - GOLD's shares are trading about 19.5% below its 52-week high of $21.35, reached on October 21, 2024 [3] - The stock has been trading below the 200-day simple moving average since November 25, 2024, but surpassed its 50-day simple moving average on January 30, 2025, indicating bullish momentum [5][8] - Over the past year, GOLD's shares have gained 15.9%, underperforming the industry's 48.6% increase and the S&P 500's rise of 22.4% [19] Production Growth Projects - Barrick is advancing key growth projects that are expected to significantly enhance production, including Goldrush, Pueblo Viejo plant expansion, Donlin Gold, Fourmile, Lumwana Super Pit, and Reko Diq [9][10] - The Goldrush mine aims for a production target of 400,000 ounces per annum by 2028, while the Reko Diq project is designed to produce 400,000 tons of copper and 500,000 ounces of gold annually in its second phase [11] Gold Price Dynamics - Gold prices have increased approximately 27% in 2024, driven by strong demand from central banks and geopolitical tensions, with prices reaching a record high of $2,882 per ounce on February 5 [13] - The ongoing U.S.-China tariff war is expected to further boost safe-haven demand for gold, supporting its price [13] Financial Health and Dividend - Barrick has a strong liquidity position with cash and cash equivalents around $4.2 billion and generated an operating cash flow of $1.18 billion and free cash flow of $444 million by the end of Q3 2024 [14] - The company offers a dividend yield of 2.3% with a payout ratio of 37%, indicating sustainability, and a five-year annualized dividend growth rate of approximately 7% [15] Cost Challenges - Barrick faces challenges from rising production costs, with cash costs per ounce increasing around 21% year-over-year and all-in sustaining costs (AISC) rising roughly 20% in Q3 2024 [16] - For full-year 2024, total cash costs per ounce are projected to be between $940-$1,020, and AISC between $1,320-$1,420, indicating a year-over-year increase [16] Earnings Estimates - Earnings estimates for Barrick have been revised downward over the past 60 days, with the Zacks Consensus Estimate for 2024 and 2025 being lowered [17] Investment Outlook - Despite the attractive valuation and strong financial health, the high production costs suggest caution for potential investors, recommending a hold strategy for current shareholders [22]

ISS Finds Incumbent Board has "Failed to Exercise Effective Oversight of Management" and "Continues to Suffer from Major Deficiencies with Independence that Necessitate Further Change"ISS Recommends Shareholders Vote "WITHHOLD" on Matthews' Nominees Terry L. Dunlap, Alvaro Garcia-Tunon and J. Michael Nauman Barington Capital Urges Shareholders to Follow ISS' Recommendation and Vote the GOLD Proxy Card "FOR" the Election of ALL of its NomineesNEW YORK, Feb. 7, 2025 /PRNewswire/ -- Barington Capital Group, L. ...

Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...

All amounts expressed in US dollars TORONTO, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) grew attributable proven and probable gold mineral reserves by 17.4 million ounces4 (23%) before 2024 depletion. Attributable proven and probable mineral reserves now stand at 89 million ounces at 0.99g/t2, increasing from 77 million ounces at 1.65g/t3 in 2023. The year-on-year change was led by the conversion of Reko Diq copper-gold resources to mineral reserves, adding 13 million ou ...

Barrick Gold Corporation (NYSE: GOLD ) explores, mines, produces, and sells gold and copper all over the world. They have one of the largest portfolios of Tier One and world-class gold and copper assets. Barrick operates on four continents in 18I believe in fundamental analysis and disciplined market research. I have strong quant background with a Ph.D. (Chemical Engineering, University of California, Santa Barbara) in model predictive control and an MBA (Jones School of Business, Rice University). My prima ...

Barrick Gold Corporation’s (GOLD) Kibali mine gave a strong performance in the final quarter of 2024. This performance resulted in the highest annual throughput since its commissioning. This was culminated through the mine’s continued focus on operational excellence and its capacity to deliver strong results.As stated by Barrick’s chief operating officer for Africa and the Middle East, 2024 was a challenging year which called for some leadership changes. Despite of the challenges, Kibali mine has proved its ...

Updated Five-Year Production Outlook ProvidedHighlights of the Asanko Gold Mine (100% basis) Mineral Reserve Estimate as of December 31, 2024, totaling 2,055,000 ounces ("oz") of gold (47.1 million tonnes at 1.36 grams per tonne gold). 2025 production guidance of 130,000 oz to 150,000 oz of gold at all-in sustaining costs1 ("AISC") of $1,750 to $1,950 per gold ounce sold. New five-year production outlook – gold production is expected to increase by approximately 75% from 2024 production levels over the next ...