Latest news with #BarrickGoldCorp.
Bloomberg
23-04-2025
- Business
- Bloomberg
Barrick Is Cashing In on Gold's Record Rally With Asset Sales
For Barrick Gold Corp., one of the world's top bullion producers, the precious metal's blistering rally to record prices is looking like a great opportunity to raise some cash as the company looks to pivot harder into copper mining. First, the company announced on Tuesday that it's exiting an Alaskan mining project by selling its 50% stake to billionaire John Paulson and Novagold Resources Inc. for $1 billion. Meanwhile, Barrick has also signaled more deals on the horizon as it seeks buyers for mines in Africa and North America.
Bloomberg
22-04-2025
- Business
- Bloomberg
Barrick Gold Said to Seek Buyers for Its Last Mine in Canada
Barrick Gold Corp. is looking to sell its last mine in Canada in a push to capitalize on record gold prices and a renewed interest in North American mining operations. Barrick began a process in April to sell its Hemlo gold mine in Ontario and retained Canadian Imperial Bank of Commerce to find buyers and solicit bids, according to people familiar with the matter, who asked not to be named.
Bloomberg
22-04-2025
- Business
- Bloomberg
Barrick to Sell Alaska Gold Stake to John Paulson, Novagold
Barrick Gold Corp. is exiting an Alaskan mining project by selling its 50% stake to billionaire John Paulson and Novagold Resources Inc. for $1 billion, according to people familiar with the matter. The agreement for the Donlin Gold project could be announced as soon as Tuesday, the people said. Novagold will pay $200 million, while Paulson Advisers LLC will put up $800 million, said the people, who asked not to be identified discussing a private matter.
Bloomberg
06-04-2025
- Business
- Bloomberg
Barrick Gold Proposes Name Change to Reflect Its Copper Push
Barrick Gold Corp., the world's No. 2 gold producer, has proposed dropping 'gold' from its name as it expand its copper mining operations. 'We are proposing to change our name from Barrick Gold Corporation to Barrick Mining Corporation, to reflect the company's changing production profile,' the Canadian company said in a press release on Friday.
Bloomberg
14-02-2025
- Business
- Bloomberg
Agnico Nears World's No. 2 Gold Miner Spot With Output Targets
Agnico Eagle Mines Ltd. is threatening to snag the title of world's second-largest gold producer from one of its top rivals. The Canadian mining company aims to churn out 3.3 million to 3.5 million bullion ounces this year, according to full-year earnings posted Thursday. That's on par with Barrick Gold Corp., which is currently the No. 2 gold miner. Barrick expects output to decline while its giant mining complex in Mali remains shut. Newmont Corp., by far the world's top producer, expects to produce 6.4 million ounces in 2025.
