TORONTO — Two companies with enormous cash hoards are capitalizing on a tough gold market and buying assets from Barrick Gold Corp. that they have coveted for a long time. 613 more words
Tags » Barrick Gold Corp.
TORONTO • Barrick Gold Corp. delivered solid third quarter earnings on Wednesday, generating positive cash flow for the second straight quarter after a long period of negative cash flow. 443 more words
As the senior gold miners begin to report third-quarter results this week, they find themselves stuck in a frustrating uphill battle.
Gold prices have moved steadily lower in the past three years, forcing miners to make deep cuts to operating costs and capital spending. 538 more words
When Steve Parsons and his colleagues published their first report on the gold “production cliff” in early 2013, they thought the thesis was obvious, even though almost no one was talking about it. 1,014 more words
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
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