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Last $120.00 MXN
Change Today +2.19 / 1.86%
Volume 2.0K
As of 4:09 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

barrick gold corp (ABXN) Snapshot

Open
$120.00
Previous Close
$117.81
Day High
$120.00
Day Low
$120.00
52 Week High
09/4/14 - $232.89
52 Week Low
08/3/15 - $108.11
Market Cap
139.8B
Average Volume 10 Days
41.7K
EPS TTM
--
Shares Outstanding
1.2B
EX-Date
08/27/15
P/E TM
--
Dividend
$0.08
Dividend Yield
2.11%
Current Stock Chart for BARRICK GOLD CORP (ABXN)

barrick gold corp (ABXN) Related Businessweek News

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barrick gold corp (ABXN) 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 (ABXN) 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 (ABXN) Key Developments

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.

Barrick Gold Corporation Reports Unaudited Consolidated Earning Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Production Guidance for the Year 2015; Announces Impairment Charges for the Second Quarter of June 30, 2015

Barrick Gold Corporation reported unaudited consolidated earning results for the second quarter and six months ended June 30, 2015. For the quarter, the company has posted revenue of $2,231 million against $2,458 million a year ago. Net loss was $9 million or $0.01 per share against $269 million or $0.23 diluted per share a year ago. Adjusted net earnings was $60 million or $0.05 per share against $159 million or $0.14 per share a year ago. Adjusted EBITDA was $725 million against $990 million a year ago. EBITDA was $690 million against $478 million a year ago. Net cash provided by operating activities was $525 million against $488 million a year ago. Capital expenditures was $499 million against $616 million a year ago. For the six months, the company has posted revenue of $4,476 million against $5,105 million a year ago. Net income of $48 million or $0.04 per share against net loss of $181 million or $0.16 diluted per share a year ago. Adjusted net earnings was $122 million or $0.10 per share against $397 million or $0.34 per share a year ago. Adjusted EBITDA was $1,523 million against $1,997 million a year ago. Total project capital expenditures was $37 million against $74 million a year ago. Operating cash flow was $841 million against $1,073 million a year ago. EBITDA was $1,483 million against $1,473 million a year ago. Net cash provided by operating activities was $841 million against $1,073 million a year ago. Capital expenditures was $1,013 million against $1,232 million a year ago. For the quarter, gold production in the quarter fell to 1.45 million ounces from 1.49 million ounces, while all-in sustaining costs came in at $895 an ounce, up from $865 in the comparable quarter. The company revised production guidance for the year 2015. Looking forward, through the end of the year, the company has reduced its production guidance and lowered its cost guidance. Due to asset sales the company is now looking for gold production of 6.1 million and 6.4 million ounces, compared to the prior forecast for 6.2 million and 6.6 million ounces. The company sees all-in sustaining costs at $840 and $880 an ounce, down from $860 to $895. It also cut its capital-spending plans for 2015 to between $1.6 billion and $1.9 billion, down 20% from a year earlier. For the second quarter, the company has announced impairment charges of $35 million against $512 million a year ago.

 

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