Randgold Resources Limited - American Depositary Shares each represented by one (GOLD)
18.46
-0.14 (-0.75%)
Barrick Gold Corp is a leading global mining company primarily focused on the extraction and production of gold, along with the mining of other metals such as copper
With a portfolio of strong, diverse assets located across various regions, the company is dedicated to sustainable and responsible mining practices. Barrick Gold employs advanced technologies and innovative methods to enhance operational efficiency and reduce environmental impact, while also prioritizing community engagement and development initiatives in the areas where it operates. The company's commitment to growth and value creation is reflected in its strategic partnerships and exploration efforts to discover new resources.
The upgrade comes after Reuters reported that Barrick had signed a new agreement with the Malian government to end an almost two-year-old dispute over its mining assets.
Barrick Gold is resolving a dispute with Mali's junta over mining reforms. It halted operations and lowered production guidance, but signed a new agreement and plans to invest in large-scale projects in Zambia and Pakistan.
TORONTO, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSEGOLD)(TSX:ABX) today announced that it has filed technical reports for each of the Reko Diq Project and the Lumwana Expansion Project in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Gold has long been considered a safe-haven investment, prized for its stability and ability to retain value over time. Unlike fiat currencies, gold has consistently served as a store of wealth.
Operating cash flow increased 20% year-over-year to $4.49 billion, while free cash flow more than doubled to $1.32 billion, driven by strong earnings and disciplined cost management, according to management.
Barrick Gold Corporation (NYSEGOLD) shares are trading higher Wednesday after the company reported better-than-expected fourth-quarter adjusted earnings and announced a new $1 billion stock buyback program.
Building a mine is a difficult, multi-decade process with high costs and risks. Shutting down productive mines for legal disputes leads to supply shortage and higher prices, affecting the industry and economy.
The prospect of new trade restrictions has heightened concerns about inflation and potential trade wars, fueling demand for gold, traditionally seen as a hedge against economic and geopolitical instability.
