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barrick gold corp (ABX) Snapshot

Open
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52 Week High
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52 Week Low
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Market Cap
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Average Volume 10 Days
0.0
EPS TTM
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Shares Outstanding
1.2B
EX-Date
08/27/15
P/E TM
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Dividend
$0.08
Dividend Yield
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Current Stock Chart for BARRICK GOLD CORP (ABX)

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barrick gold corp (ABX) Details

Barrick Gold Corporation produces and sells gold and copper. The company is also involved in exploration and mine development activities. It conducts mining, development and exploration, and other activities in various countries, including the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia. Its principal properties include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, Veladero, Zaldívar, and Lumwana mines; and its Pascua-Lama project. As of December 31, 2014, the company had proven and probable mineral reserves of 93.0 million ounces of gold and 9.6 billion pounds of copper. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada.

17,260 Employees
Last Reported Date: 02/19/15
Founded in 1983

barrick gold corp (ABX) Top Compensated Officers

President
Total Annual Compensation: $1.0M
Senior Executive Vice President of Strategic ...
Total Annual Compensation: $169.8K
Compensation as of Fiscal Year 2014.

barrick gold corp (ABX) Key Developments

Barrick Gold Corporation Announces Strategic Joint Venture with Zijin Mining Group Co. Ltd

Barrick Gold Corporation announced that it has completed the formation of a strategic joint venture with Zijin Mining Group Co. Ltd, including the sale of a 50% interest in Barrick (Niugini) Limited, for a total cash consideration of $298 million.

Barrick Gold Corporation Announces Executive Changes

Barrick Gold Corporation announced refinements to its management structure as part of the company's strategy to create long-term value for its owners as a more focused and efficient business, in line with the mindset and model that drove Barrick's early success. Kelvin Dushnisky, most recently Co-President, has been appointed President. Richard Williams, previously Chief of Staff, has been appointed Chief Operating Officer and will report to Mr. Dushnisky. Basie Maree, most recently Senior Vice President, Technical Services has been appointed Chief Technical Officer. He will report to Mr. Williams. Jim Gowans, who has made significant contributions to the company as Co-President, will support this transition as a Senior Advisor to the Chairman until his retirement from Barrick on December 31, 2015. These appointments are effective immediately. Mr. Dushnisky will have overall responsibility for execution of the company's strategic priorities, with a focus on improving productivity and driving down costs. Mr. Williams will lead the day-to-day implementation of these objectives. They are charged with driving the organization to reach target of $2 billion in reduced expenditures across the company by the end of 2016.

Barrick Gold Corporation Declares Quarterly Dividend, Payable on September 15, 2015

Barrick Gold Corporation decided to reduce the company's quarterly dividend by 60%, from five cents per share to two cents per share. The Board believes this reduction is a prudent measure to increase financial flexibility in light of current market conditions. The dividend will be paid on September 15, 2015 to shareholders of record at the close of business on August 31, 2015.

 

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