Barrick Gold Corp. (ABX)

  • DJ Barrick Reduces Its Stake In South Africa's Gold Fields >GFI


    Last Update: 6:45 AM ET May 24, 2007


    JOHANNESBURG, May 24, 2007 (Dow Jones Commodities News via Comtex) -- Edited Press Release
    Gold Fields Ltd. (GFI) said Barrick Gold Corp. (ABX) has sold a portion of the shares it received as part payment for its 50% stake in South Africa's South Deep gold mine.
    The South African mining company said that on reconciliation of its share register, it came to its attention that Barrick had reduced its holding in Gold Fields to about 4.63 million shares from 18.7 million shares.

  • TORONTO, ONTARIO, Jun 22, 2007 (MARKET WIRE via COMTEX) -- Barrick Gold Corporation (CA:ABX) (ABX: Barrick Gold Corporation) -


    Second Quarter Results Release August 1st after market close
    Conference Call and Webcast August 2nd 9:30 am EDT
    North American callers dial: 800-381-6756
    International callers dial: 416-620-5690




    A live webcast of the Conference Call will be accessible on Barrick's website at http://www.barrick.com.
    The Conference Call will be available for replay until August 9th by calling 800-558-5253 for North American callers and 416-626-4100 for International callers, Reservation #21342607.
    Contacts: Barrick Gold Corporation Vincent Borg Senior Vice President, Corporate Communications (416) 307-7477 (416) 861-1509 (FAX) Email: vborg@barrick.com
    SOURCE: Barrick Gold Corporation

  • SAN FRANCISCO (MarketWatch) -- Barrick Gold Corp. (ABX: Barrick Gold Corporation) said Thursday its exposure to the Canadian asset-backed commercial paper market is limited to an investment of $65 million, which represents less than 3% of its total cash position of about $2.6 billion.

  • Aug 16, 2007 (Dow Jones Commodities News via Comtex) -- DOW JONES NEWSWIRES
    Barrick Gold Corp. (ABX) said Thursday its exposure to the Canadian asset-backed commercial paper market is limited to an investment of $65 million, which represents less than 3% of its total cash position of about $2.6 billion.

  • TORONTO, ONTARIO, Aug 16, 2007 (MARKET WIRE via COMTEX) -- Barrick Gold Corporation (CA:ABX: news, chart, profile) (ABX: Barrick Gold Corporation) advised today that its exposure to the Canadian Asset- Backed Commercial Paper Market is limited to an investment of US$65 million. This amount represents less than 3 per cent of Barrick's total cash position of about US$2.6 billion. The commercial paper investment is currently rated R-1 high by Dominion Bond Rating Service Limited.
    The remainder of Barrick's cash position is invested in highly rated liquid instruments with a broad range of large financial institutions.
    Barrick's vision is to be the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.

  • TORONTO, ONTARIO, Aug 17, 2007 (MARKET WIRE via COMTEX) -- Barrick Gold Corporation (CA:ABXe) (ABX: Barrick Gold Corporation) announced today that it completed its acquisition of an additional 20 per cent interest in the Porgera mine in Papua New Guinea from Emperor Mines Limited (ASX: EMP) for consideration of US$250 million in cash plus an adjustment amount. The transaction was previously announced on April 12, 2007 when the parties entered into a definitive purchase and sale agreement. Barrick's interest in Porgera has increased to 95 per cent from 75 per cent. Barrick is entitled to the production and economic benefit of the additional 20 per cent interest in Porgera from the effective date of April 1, 2007.
    Porgera produced approximately 542,000 ounces in 2006 and has proven and probable reserves of 9.42 million ounces(1) (100 per cent basis). Barrick acquired its original 75 per cent interest in Porgera through its acquisition of Placer Dome in January 2006.
    Barrick's vision is to be the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.
    (1) Proven reserves contain 61.3 million tons of ore at 0.102 oz/ton for 6.27 million ounces. Probable reserves contain 23.9 million tons of ore at 0.132 oz/ton for 3.15 million ounces. Mineral reserves have been calculated as at December 31, 2006 in accordance with National Instrument 43-101, as required by Canadian securities regulatory authorities. Calculations have been prepared by employees of Barrick under the supervision of Jacques McMullen, Vice President, Metallurgy and Process Development, Rick Allan, Director - Engineering and Mining Support, and Rick Sims, Manager Corporate Reserves of Barrick. For a more detailed description of the methods used in calculating Barrick's reserves and resources, see Barrick's most recent Form 40-F/Annual Information Form on file with the US Securities and Exchange Commission and Canadian provincial securities regulatory authorities.

  • Options traders said speculation about a takeover of Newmont by Canada's Barrick Gold had spurred heavy options buying in Newmont for the last two days, according to Dow Jones. But a Barrick spokesperson, and later its CEO on CNBC, denied those rumors.
    "If we're taking over Newmont I must have missed that board meeting," Barrick Gold CEO Greg Wilkins told CNBC. He said that speculation probably stems from the fact that the two gold mining companies share property in Nevada.
    Peter Schiff, president of Connecticut brokerage Euro Pacific Capital, said while there's probably little substance to the buyout rumor, "I can understand what would encourage Barrick's interest."
    "With new deposits hard to come by acquisitions are still the best way for companies to expand or replace their reserves," said Schiff, who owns shares of both mining companies.

  • Bei Barrick kann derjenige 10 Millionen $ verdienen, der die entscheidende Idee liefert, wie man ihre Silberressourcen der Veladero Mine in Argentinen mit einem neuen Verfahren fördern könnte. Mit herkömmlichen Verfahren ließen sich nur 6,7% der Vorräte abbauen, weil das Silber in Silicea gebunden ist.


    Und ganz erfreulich für deutsche Tüftler:


    "Experience in mining is not required because we are looking for innovation and new approaches.


    A Video News Release from the announcement event can be accessed at http://www.f8films.com/client/unlockthevalue/ by 5:00 p.m. EDT on Wednesday, September 19.


    grüsse


    auratico

  • Sehr interessanter Ansatz!


    Goldcorp hatte ja eine ähnliche Idee in 2000, als sie alle ihre Daten im Internet veröffentlicht hatte und $575000 als Preis angeboten hatten für den, der den besten Ort bestimmen konnte, eine Bohrung zu starten. Der Goldcorp Challenge.


    Allerdings sind $10mio natürlich ein Wort! Andere Zeiten, andere Bewertung der Ergebnisse?!?



    Grüße....

  • Barrick Gold


    durchschnittliches Kursziel $62,75


    Abstand zum durchschillichem Kursziel aktuell: 71,31%


    letzte Bewertung am 05.07.2012 mit Kursziel $58 Abstand zu diesem Kursziel aktuell: 58,34%

    Meine Äusserungen sind keinesfalls als Handelsempfehlung zu verstehen, sondern stellen nur meine ganz persönliche Meinung dar.

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