Tags » Barrick Gold Corp.

Barrick Gold Corp shakes up management structure, drops co-president model

Barrick Gold Corp. is scrapping its unusual “co-president” management structure less than a year after it went into effect.

Co-president Kelvin Dushnisky has been appointed Barrick’s sole president, the company said Monday morning. 515 more words

Breaking

Moody's downgrades Barrick's credit rating amid weak gold prices

Moody’s Investors Service has downgraded Barrick Gold Corp.’s credit rating by one notch to Baa3, the lowest investment-grade level.

The move is not a shock. Gold prices plummeted to less than US$1,100 an ounce in July, and Barrick has gone into this latest downturn with about US$10 billion of net debt. 203 more words

Trading Desk

Gold plunges below US$1,100 as U.S. dollar rises

Gold prices were routed on Monday as part of a broader sell-off in commodities that rattled investors and moved Canadian gold producers closer to a crisis. 610 more words

Breaking

Canadian shareholders increasingly aggressive on 'say-on-pay'

Directors of Barrick Gold Corp. lost a showdown with shareholders this week for a “tone deaf” response to years of criticism over the lack of connection between executive pay and company performance. 1,235 more words

News

Barrick Gold Corp earnings miss estimates with output lower than expected

Barrick Gold Corp., the world’s largest producer of the precious metal, reported profit that trailed analysts’ estimates after output was lower than expected.

First-quarter net income of $57 million, or 5 cents a share, fell from $88 million, or 8 cents, a year earlier, Toronto-based Barrick said Monday in a statement. 159 more words

Mining

Slow start to year for gold miners

The first-quarter earnings season, which kicks off for the senior gold miners later this week, is traditionally the sector’s weakest quarter of the year, and 2015 should be no different. 213 more words

Trading Desk

Illegal Mine Collapse Kills 19 In Tanzania

At least 19 people have been killed in the northwest region of Tanzania, following the collapse of an illegal gold mine. 118 more words

World