Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en
Dans la même rubrique
Barrick Reports Q2 2011 Financial and Operating Results
Published : July 28, 2011
( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   1971 | Canada | Copper | Dollar | Jersey | K Street | Pakistan |

TORONTO, ONTARIO--(Marketwire - July 28, 2011) -

SECOND QUARTER REPORT 2011

Based on IFRS and expressed in US dollars

For a full explanation of results, the Financial Statements and Management Discussion & Analysis, please see the Company's website, www.barrick.com.

Highlights

Financial and Operating Results

  • Reported net earnings for Q2 rose 35% to $1.2 billion ($1.16 per share) from $859 million in the prior year period. Q2 adjusted net earnings increased 36% to a record $1.1 billion ($1.12 per share)1 from $824 million ($0.84 per share) in Q2 2010, reflecting higher realized gold and copper prices and higher gold sales volumes, resulting in an annualized return on equity of about 21%1.
  • Q2 EBITDA increased 40% to $2.1 billion1 from $1.5 billion in the same prior year period. Q2 operating cash flow of $690 million and adjusted operating cash flow of $938 million1, respectively, were lower than the prior year operating cash flow of $1,108 million and adjusted operating cash flow of $1,127 million, respectively. This reduction was primarily as a result of higher income tax payments of $736 million, of which about $420 million was due to final 2010 income tax payments in a number of jurisdictions. Income tax payments are expected to be about $400 million per quarter in the subsequent quarters of 2011.
  • Q2 gold production was 1.98 million ounces at total cash costs of $445 per ounce and net cash costs of $338 per ounce1. The Company is on track to meet its 2011 operating guidance of 7.6-8.0 million ounces at total cash costs of $450-$480 per ounce and lower expected net cash costs of $290-$320 per ounce2 compared to previous guidance of $340-$380 per ounce. Including Lumwana, Barrick expects to produce 455-475 million pounds of copper in 2011 at total cash costs of $1.55-$1.70 per pound.
  • Gold and copper cash margins expanded significantly in the second quarter, highlighting Barrick's leverage to higher metal prices. Gold cash margins increased 33% to $1,068 per ounce1 from $804 per ounce in Q2 2010 and net cash margins rose 30% to $1,175 per ounce1 from $903 per ounce in the prior year period. Copper cash margins rose 39% to $2.51 per pound1 from $1.80 per pound in the prior year period.

Increasing Gold and Copper Reserves through Exploration and Selective Acquisitions

  • Major exploration programs are advancing at Cortez, Turquoise Ridge, Ruby Hill, and Spring Valley in North America, on early stage targets in the El Indio belt in South America, and at Porgera and on regional targets in the Australia Pacific region.
  • Barrick completed the acquisition of Equinox Minerals in July, adding two quality copper mines and increasing our leverage to strong copper prices while maintaining our gold exposure. Low cost financing has been secured and will enhance the returns from the acquisition. The Company is focused on three areas to realize the full potential of the Lumwana mine, which is located in one of the world's most prolific copper regions in Zambia: operational improvements and efficiencies, a focus on exploration to expand the resource, and an ongoing evaluation to determine the optimal scope of an expansion.

Investing in and Developing High Return Projects

  • The mining industry is facing global cost trends which reflect a substantially higher commodity price environment, stronger local currencies, tighter labor markets and higher inflation in some regions compared to several years ago when many projects were at the feasibility stage. For Barrick, stronger metal prices have significantly improved project economics and overall rates of return despite higher estimated capital costs.
  • At Pueblo Viejo, a major rainfall event that occurred in May requires remediation of the starter tailings dam and new permits for this facility. Primarily as a result of the unanticipated remediation work and impact to the schedule, mine construction capital for the project has increased to $3.6-$3.8 billion (100% basis) or $2.2-$2.3 billion (Barrick's 60% share) and first production is now expected to occur in mid-2012 subject to the receipt of these permits. As part of a longer-term, optimized power solution for Pueblo Viejo, the Company is advancing a plan to build a dual-fueled power plant at an estimated incremental capital cost of about $0.3 billion (100% basis). The new plant is expected to provide lower cost, long term power to the project.
  • Capital costs for Pascua-Lama have been impacted by continued inflationary effects on costs for key consumable inputs and labor, re-estimations of materials such as steel, cement, fuel and equipment and increased expenditures to essentially maintain the schedule to deliver first production in mid-2013. As a result, pre-production capital is now estimated at $4.7-$5.0 billion.
  • Pueblo Viejo and Pascua-Lama are anticipated to contribute 1.4-1.5 million ounces of average annual production over the first full five years of operation and to lower Barrick's overall total cash costs by about 20%3. At current metal prices, these two projects are expected to generate combined average annual EBITDA of about $2.8 billion4 to Barrick over the same period, with an average investment to EBITDA ratio of about 2.5 times.

FINANCIAL AND OPERATING RESULTS

Q2 production was 1.98 million ounces of gold at total cash costs of $445 per ounce and net cash costs of $338 per ounce. The Company is on track to achieve its full year operating guidance of 7.6-8.0 million ounces at total cash costs of $450-$480 per ounce and significantly lower expected net cash costs of $290-$320 per ounce compared to previous guidance of $340-$380 per ounce, positioning Barrick as one of the lowest cost senior gold producers. Q2 gold cash margins increased 33% to $1,068 per ounce from $804 per ounce in Q2 2010 and net cash margins increased 30% to $1,175 per ounce from $903 per ounce in the same prior year period. Second quarter copper cash margins increased 39% to $2.51 per pound from $1.80 per pound in the prior year period on higher copper prices. This margin expansion demonstrates the Company's exceptional leverage to higher metal prices.

Q2 adjusted net earnings rose 36% to a record $1.1 billion ($1.12 per share) compared to adjusted net earnings of $824 million ($0.84 per share) in the prior year period, reflecting higher realized prices for both gold and copper and higher gold sales volumes. Q2 adjusted net earnings translate to an annualized return on equity of about 21%. Q2 reported net earnings were $1.2 billion ($1.16 per share) before net adjustments of $42 million. Q2 EBITDA increased 40% to $2.1 billion from $1.5 billion in the same prior year period. Q2 operating cash flow of $690 million and adjusted operating cash flow of $938 million (which adjusts for the one-time operating cash flow impacts related to the Equinox acquisition) compares to operating cash flow of $1,108 million and adjusted operating cash flow of $1,127 million in the same prior year period, respectively. Operating cash flow and adjusted operating cash flow were negatively impacted by an increase in income tax payments, primarily due to final 2010 income tax payments in Argentina, Australia and Chile. Income tax payments totaled $736 million in the second quarter of 2011, of which about $420 million related to 2010 tax payments in the above jurisdictions compared to $245 million in the same prior year period. Based on current gold and copper prices, we expect income tax payments to be about $400 million per quarter for the remainder of 2011. In addition, we expect to make an intercompany dividend withholding tax payment of about $85 million in the third quarter.

"Operationally and financially, Barrick had a solid quarter, meeting our operating and cash cost targets which resulted in significant margin expansion and record financial results," said Aaron Regent, Barrick's President and CEO. "We also completed the acquisition and long term financing of Equinox which adds two attractive assets to our portfolio and another source of long term cash flow. Our project pipeline continues to progress with the ongoing construction of Pueblo Viejo and Pascua-Lama and while we are disappointed with the increased capital costs of these projects, their overall economics have improved significantly as a result of much higher gold and silver prices than originally forecasted."

The North America region continued to perform ahead of expectations in Q2, producing 0.92 million ounces at total cash costs of $404 per ounce, primarily due to strong performances from Cortez and Goldstrike. Cortez production of 0.42 million ounces at total cash costs of $220 per ounce in Q2 reflects the ramp up of leach pad production, increased mill throughput from de-bottlenecking and the processing of refractory ore at Goldstrike's facilities.

The Goldstrike operation exceeded plan in Q2, producing 0.30 million ounces at total cash costs of $511 per ounce on better than expected grades and more ore than anticipated from the open pit, which is anticipated to transition to a higher stripping phase in the second half of the year. Full year 2011 production for the North America region is expected to be 3.30-3.46 million ounces at total cash costs of $425-$450 per ounce.

The South American business unit produced 0.45 million ounces at total cash costs of $373 per ounce in Q2. The Lagunas Norte mine outperformed expectations, producing 0.18 million ounces at total cash costs of $267 per ounce on positive grade reconciliations. Veladero contributed 0.24 million ounces at total cash costs of $364 per ounce in Q2 and is on track to produce nearly 1.0 million ounces this year. In 2011, South America is expected to contribute 1.80-1.935 million ounces at total cash costs of $350-$380 per ounce.

The Australia Pacific business unit produced 0.46 million ounces at total cash costs of $611 per ounce in Q2. The Porgera mine, which produced 0.12 million ounces at total cash costs of $569 per ounce, was impacted by lower underground and open pit production as well as power outages and unplanned maintenance which affected mill throughput. Australia Pacific is expected to produce 1.85-2.00 million ounces at total cash costs of $610-$635 per ounce in 2011.

Attributable production from African Barrick Gold plc in Q2 was 0.13 million ounces at total cash costs of $652 per ounce. Barrick's share of 2011 production is expected to be 0.515-0.560 million ounces at total cash costs of $590-$650 per ounce.

Q2 copper production of 93 million pounds at total cash costs of $1.56 per pound included one month of production from the Lumwana mine in June. Utilizing option collar strategies, the Company has put in place floor protection on approximately 45% of its expected remaining copper production for 2011 at an average floor price of $3.27 per pound and can participate in upside up to an average ceiling price of about $4.85 per pound on approximately 55% of expected remaining 2011 production5. Barrick also has floor protection in place on approximately 45% of expected copper production for 2012 at an average floor price of about $3.75 per pound and can participate in upside up to an average ceiling price of about $5.50 per pound6 on approximately 40% of expected 2012 production. The Company's remaining copper production is subject to market prices. Following Barrick's acquisition of Equinox Minerals, the Company expects to produce 455-475 million pounds of copper in 2011 at total cash costs of $1.55-$1.70 per pound.

About 60% of Barrick's consolidated production costs are denominated in US dollars. The Company's largest single currency exposure is the Australian dollar/US dollar exchange rate. Barrick is 92% hedged on its expected remaining Australian operating and capital expenditures in 2011 at an effective average rate of $0.76 and has substantial coverage for the following three years at rates at or below $0.75.

The Company has also mitigated the impact of higher oil prices through the use of financial contracts and production from Barrick Energy such that a $10 change in WTI crude oil prices is only expected to impact 2011 total cash costs by about $1 per ounce. The Barrick Energy contribution, along with the financial contracts, provides hedge protection for approximately 85% of expected remaining 2011 fuel consumption. Beyond 2011, financial contracts provide substantial hedge coverage in 2012 and 2013 and production from Barrick Energy is expected to continue to provide long term natural offsets to expected energy costs.

INCREASING GOLD AND COPPER RESERVES THROUGH EXPLORATION AND SELECTIVE ACQUISITIONS

Barrick completed the acquisition of Equinox Minerals in July and is in the process of integrating the Lumwana mine and Jabal Sayid project into the Australia Pacific regional business unit. This transaction has added two quality copper mines to our portfolio and improves our copper leverage while maintaining our exposure to gold. Low cost financing has been secured and will further enhance returns from the acquisition. The Equinox transaction was a unique opportunity to acquire a large, producing asset in an environment of strong copper fundamentals. The Lumwana mine is a high quality, long-life mine with significant expansion and resource growth potential and provides us with a major presence in Zambia, one of the most prospective copper regions in the world.

The Company is focused on three areas to realize the full potential of Lumwana and maximize long term cash flows: operational improvements and efficiencies, a focus on exploration to materially expand the resource and an ongoing evaluation to determine the optimal size of the expansion.

Lumwana is expected to produce 155-175 million pounds at total cash costs of $1.75-$1.95 per pound from June 1 to the end of 2011. On a full year annualized basis, production is expected to be about 300 million pounds beyond 2011 prior to a potential expansion. Cash costs for 2011 have been impacted by plant availability and lower grades related to dilution, as well as higher costs related to currency, labor and power. Areas of expected operating improvements include mill de-bottlenecking, pit re-optimization, changes to mine sequencing, dilution control, and benefits from higher equipment availability and leveraging Barrick's supply chain agreements. An infill drill program at the producing Malundwe deposit is underway to improve dilution control and more accurately model orebody characteristics.

Lumwana has excellent potential for both brownfield and greenfield resource growth. Barrick expects to spend over $50 million in 2011 as part of an 18 month exploration program to increase the measured and indicated resource as part of the expansion study which is expected to be completed in the second half of 2012. As a result, the Company's total exploration budget for 2011 will increase to $370-$390 million7, of which approximately 40% will be capitalized. A minimum of 16 drill rigs are planned to be added in Zambia, primarily at the development stage Chimiwungo deposit, to convert mineralized inventory and inferred resources to the measured and indicated category, conduct extensional drilling, infill drill two potential starter pits and evaluate the potential for a third starter pit. Malundwe is open to the north and south and Chimiwungo remains open in multiple directions. Recent condemnation drilling west of the current optimized Chimiwungo pit shell is intersecting typical "Chimi-style" mineralization. Wide spaced drilling is planned for the recent Mutoma discovery as well as drilling to test advanced sediment-hosted copper-gold targets elsewhere on the Lumwana Mining Lease and on other exploration properties in Zambia including the copper belt. In addition, Barrick is advancing an expansion study that could potentially double processing rates in conjunction with the exploration program to better determine the optimal scope of the operation.

The Jabal Sayid copper project in Saudi Arabia is expected to enter production in the second half of 2012 at a total capital cost of approximately $400 million, of which $275 million remains to be spent. The mine is expected to produce 100-130 million pounds annually over its first full five years. Good potential exists for material extensions to known deposits and new discoveries from an ongoing evaluation of the entire Jabal Sayid site. Current exploration is focused on testing Lode 4 at depth, where mineralization has been intersected in several previous drill holes, including an intercept of 111 meters at 2.67% copper. Several geophysical surveys are also in progress.

INVESTING IN AND DEVELOPING HIGH RETURN PROJECTS IN CONSTRUCTION

Barrick has targeted growth in production to 9 million ounces of gold8 within the next five years. Total cash costs are expected to benefit from its large, low cost projects, primarily Pueblo Viejo and Pascua-Lama, as these mines come on stream. Once at full capacity, these two mines are expected to contribute about 1.4-1.5 million ounces of average annual production over the first full five years of operation and are expected to lower Barrick's overall total cash costs by about 20%. At current metal prices, these two projects are anticipated to generate combined average annual EBITDA of about $2.8 billion to Barrick over the same period.

"The mining industry has been impacted by global cost trends which are a product of a higher commodity price environment, stronger local currencies, tighter labor markets and higher inflation," said Peter Kinver, Executive Vice-President and Chief Operating Officer. "While Barrick has not been immune to these trends, the higher metal prices have significantly improved the economics and overall rates of return for these projects despite the higher than previously estimated capital costs."

At the Pueblo Viejo project in the Dominican Republic, overall construction is now more than 70% complete. A major rainfall event that occurred in May requires remediation of damage to the partially constructed starter tailings dam facility and as a result, first production is now anticipated in mid-2012, subject to the receipt of new tailings permit approvals. The unanticipated remediation work and impact on the schedule has resulted in mine construction capital increasing to $3.6-$3.8 billion (100%)9, or $2.2-$2.3 billion (Barrick's 60% share) of which about 75% had been committed at the end of the second quarter. Barrick's share of annual gold production in the first full five years of operation is expected to average 625,000-675,000 ounces at total cash costs of $275-$300 per ounce9. At the current gold price of about $1,600 per ounce, Pueblo Viejo is expected to contribute approximately $900 million of average annual EBITDA to Barrick over this period, representing an investment to EBITDA ratio of about 2.5 times.

At the end of the second quarter, three of the four autoclaves had been brick-lined and the remaining autoclave is more than 70% complete. About 90% of the planned concrete has been poured, approximately 90% of the steel has been erected and more than 4.8 million tonnes of ore have been stockpiled. Work continues toward achieving key milestones including the connection of power to the site. As part of a longer-term, optimized power solution for Pueblo Viejo, the Company is advancing a plan to build a dual-fueled power plant at an estimated incremental capital cost of about $300 million (100% basis) or $180 million (Barrick's share) that would commence operations utilizing heavy fuel oil (HFO) power but have the ability to subsequently convert to cheaper liquid natural gas (LNG). The new plant is expected to provide lower cost, long term power to the project.

Since February 2011, Barrick has reorganized its Capital Projects group, increasing the involvement and co-ordination of its Regional Business Units in the construction of major projects to assist in operational readiness and to capture regional synergies. As a result, personnel changes were made at the Pascua-Lama project. In connection with these changes, a detailed review of the underlying assumptions and trending analysis for Pascua-Lama was completed in the second quarter. This review coincided with the review of the capital costs of Cerro Casale, where additional data and information applicable to Pascua-Lama was identified. The Company has concluded that, based on current trends, certain earlier estimates and assumptions are not achievable, including those for productivity rates and inflationary effects on costs, as well as for required quantities of certain construction materials such as steel and cement. In addition, the Company has increased its projected expenditures to essentially maintain the schedule for bringing the project into production in mid-2013. As a result, pre-production capital is now estimated at $4.7-$5.0 billion10. Included in this estimate is a contingency of $350-$650 million which is about 15%-25% of the remaining uncommitted expenditure of about $2.5 billion. Barrick has engaged an independent, globally recognized engineering consultant who has reviewed the robustness of our processes and methodology in deriving this updated capital estimate.  Approximately 40% of the capital had been committed at the end of the second quarter for items including structural steel, the mining fleet, autogenous and ball mills, the overland conveyor and the primary and pebble crushers.

Since the 2009 feasibility study (which estimated pre-production capital at $2.8-$3.0 billion), costs for key consumables have increased materially. Since the beginning of 2009, steel prices are up about 100%, oil prices have increased about 120% and copper prices are up more than 200%. Projects in Chile and Argentina are also being adversely affected by the continued increase in demand for project resources due to the large number of projects that are in construction or at the feasibility stage. High inflation rates of over 25% in Argentina, as well as the earthquake in Chile, have resulted in significantly higher labor costs and a tight labor market, and a stronger Chilean peso has negatively impacted cost estimates. These inflationary pressures represent approximately 50% of the increased estimated capital expenditures over the 2009 study.

Based on construction experience to date, we have re-estimated quantities of material required for such items as steel, cement, fuel and equipment, which represents approximately 35% of the increased estimated capital expenditures over the 2009 study.

Given lower than expected productivity levels, the Company has increased expenditures to essentially maintain the schedule for the project in order to deliver first production in mid-2013, including expanded camp facilities and the higher costs associated with winter construction. These increased expenditures represent approximately 15% of the increased estimated capital expenditures over the 2009 study.

Pascua-Lama is a high quality, world class resource. Expected average annual gold production for Pascua-Lama has increased to 800,000–850,000 ounces in the first full five years of operation at negative total cash costs of $225-$275 per ounce10 assuming a silver price of $25 per ounce. Average annual silver production for the first full five years is expected to be about 35 million ounces. For every $1 per ounce increase in the silver price, total cash costs are expected to decrease by about $35 per ounce over this period. At current commodity prices of $1,600 per ounce gold and $40 per ounce silver, Pascua-Lama is expected to generate approximately $1.9 billion of average annual EBITDA in its first full five years of operation. At today's prices, this represents an investment to EBITDA ratio of about 2.6 times.

At the end of the second quarter, engineering design was about 90% complete. In Chile, earthworks were more than 80% complete, the truck shop platform was completed and work advanced on road construction to the Pascua pit. In Argentina, platforms for the conveyor portal, coarse ore stockpile, pebble crusher and Merrill Crowe facility were completed. Occupancy and expansion of the construction camps in Chile and Argentina continues to ramp up with more than 2,300 housed on site and a further 2,800 expected by the end of the year. Preparations are underway to commence pre-strip mining in Q4 2011 and development of the tunnel connecting the mine in Chile and the processing plant in Argentina is progressing on both sides.

PROJECTS IN FEASIBILITY

A capital review has been completed for the Cerro Casale project in Chile that incorporates design changes resulting from advanced engineering and a review of recent industry projects, and which has resulted in a more robust and lower risk technical design. Estimated pre-production capital of about $6.0 billion (100% basis)11, which includes a higher contingency of about $0.9 billion, has been impacted by inflationary effects on costs for key consumable inputs and labor, re-estimations of required quantities of construction materials, increased costs related to productivity, and higher expenditures for expanded temporary camps and other facilities. The revised estimate is based on updated commodity price assumptions and also reflects the impact of a stronger Chilean peso and tight labor markets in Chile. The feasibility study was based on 2009 prices, exchange rates and labor conditions.

Inflationary and other impacts on labor and consumables such as steel and cement, which have increased costs for structural work, represent approximately 25% of the increased estimated capital expenditures over the 2009 study. Based on a review of recent industry projects, we have re-estimated costs for items such as mechanical and electrical work and quantities of other materials, which accounts for approximately 20% of the increased estimated capital expenditures. We have also increased projected expenditures related to lower than anticipated productivity based on construction experience to date at Pascua-Lama and these higher expenditures represent approximately 20% of the increased estimated capital expenditures. In connection with the current labor environment, we have expanded the temporary camps and facilities, which accounts for approximately 10% of the increased estimated capital expenditures. A provision for a higher contingency represents approximately 25% of the increase.

Barrick is evaluating several options to further optimize the project and the potential for higher grade satellite starter pits. Exploration programs will continue in parallel with advancing detailed engineering and permitting. The Environmental Impact Assessment is expected to be submitted shortly and the permitting process is anticipated to be about 18 months, at which time Barrick would consider a construction decision. Discussions with the government and meetings with local communities and indigenous groups are continuing in parallel with these activities. Barrick's 75% share of average annual production is anticipated to be about 750,000-825,000 ounces of gold and 190-210 million pounds of copper in the first full five years of operation at lower total cash costs than previously estimated of about $125-$175 per ounce11.

At the 50%-owned Donlin Gold project in Alaska, feasibility study revisions that include updated costs and the utilization of natural gas are expected to be completed and submitted to the Board of Donlin Gold LLC in the second half of 2011.

At the Reko Diq copper-gold project in which Barrick holds a 37.5% interest, the Supreme Court of Pakistan has ruled that the provincial government of Balochistan has the authority to decide to grant a mining license to the project company, Tethyan Copper. Efforts to secure the mining license and associated Project and Mineral Agreements are expected to continue in the second half of 2011.

A peer review of the draft Social, Environmental Impact Assessment (SEIA) report for the 50%-owned Kabanga project in Tanzania was completed during the quarter and is expected to be finalized along with the feasibility study in the second half of 2011. Focus will shift in the approval phase to gaining the required Tanzanian regulatory approvals and negotiating an acceptable Mineral Development Agreement with the Tanzanian government.

Barrick's vision is to be the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner. Barrick's shares are traded on the Toronto and New York stock exchanges.

1  Adjusted net earnings, adjusted operating cash flow, EBITDA, return on equity, total cash costs, net cash costs, cash margins and net cash margins per ounce/pound are non-GAAP financial measures. See pages 54-60 of Barrick's Second Quarter 2011 Report.

Based on an expected realized copper price of $4.00/lb for the balance of 2011 compared to the prior expected realized copper price of $3.75/lb and reflecting expected 2011 production of 455-475 million pounds compared to previous guidance of about 300 million pounds.

3  Based on the estimated combined average annual production in the first full five years of operation and on gold, silver and oil price assumptions of $1,300/oz, $25/oz and $100/bbl, respectively.

4  EBITDA is based on the midpoint of average annual production and average total cash costs in the first full five years of operation assuming a $1,600/oz gold price, a $40/oz silver price and a $100/bbl oil price.

5  The realized price for remaining 2011 production is expected to be reduced by $0.06 per pound as a result of the net premium paid on hedging strategies.

6  The realized price on 2012 production is expected to be reduced by $0.12 per pound as a result of the net premium paid on hedging strategies. 

7  Barrick's exploration programs are designed and conducted under the supervision of Robert Krcmarov, Senior Vice President, Global Exploration of Barrick. For information on the geology, exploration activities generally, and drilling and analysis procedures on Barrick's material properties, see Barrick's most recent Annual Information Form/Form 40-F on file with Canadian provincial securities regulatory authorities and the U.S. Securities and Exchange Commission.

8  The target of 9 Moz of annual production within five years reflects a current assessment of the expected production and timeline to complete and commission Barrick's projects currently in construction (Pueblo Viejo and Pascua-Lama) and the Company's current assessment of existing mine site opportunities, some of which are sensitive to metal price and various capital and input cost assumptions. 

9  Based on gold and oil price assumptions of $1,300/oz and $100/bbl, respectively.

10  Based on gold, silver and oil price assumptions of $1,300/oz, $25/oz, and $100/bbl respectively and assuming a Chilean peso f/x rate of 475:1.

11  Based on gold, copper and oil price assumptions of $1,300/oz, $3.00/lb and $100/bbl respectively and assuming a Chilean peso f/x rate of 475:1.

 
 
Key Statistics
 
Barrick Gold Corporation   Three months ended   Six months ended
(in United States dollars)     June 30,     June 30,
(Unaudited)   2011   2010   2011   2010
Operating Results                
Gold production (thousands of ounces)1   1,977   1,944   3,934   4,005
Gold sold (thousands of ounces)   1,915   1,903   3,778   3,962
Per ounce data                
  Average spot gold price $ 1,506 $ 1,197 $ 1,445 $ 1,152
  Average realized gold price2   1,513   1,205   1,452   1,158
  Net cash costs2   338   302   323   297
  Total cash costs2   445   401   441   397
  Depreciation3   152   142   147   137
  Other4   17   6   16   5
  Total production costs   614   549   604   539
  Copper credits   107   99   118   100
Copper production (millions of pounds)5   93   102   168   202
Copper sold (millions of pounds)   82   105   162   198
Per pound data                
  Average spot copper price $ 4.14 $ 3.18 $ 4.26 $ 3.23
  Average realized copper price2   4.07   2.93   4.16   3.10
  Total cash costs2   1.56   1.13   1.41   1.09
  Depreciation3   0.26   0.21   0.25   0.21
  Total production costs   1.82   1.34   1.66   1.30
Financial Results (millions)                
Revenues $ 3,426 $ 2,621 $ 6,516 $ 5,202
Net earnings6   1,159   859   2,160   1,679
Adjusted net earnings2   1,117   824   2,121   1,587
EBITDA2   2,090   1,489   3,918   3,082
Operating cash flow   690   1,108   2,125   2,238
Adjusted operating cash flow2   938   1,127   2,377   2,278
Per Share Data (dollars)                
  Net earnings (basic)   1.16   0.87   2.16   1.70
  Adjusted net earnings (basic)2   1.12   0.84   2.12   1.61
  Net earnings (diluted)   1.16   0.86   2.16   1.69
Weighted average basic common shares (millions)   999   985   999   985
Weighted average diluted common shares (millions)7   1,001   997   1,001   997
            As at   As at
            June 30, December 31,
            2011   2010
Financial Position (millions)                
Cash and equivalents         $ 2,863 $ 3,968
Non-cash working capital           1,924   1,696
Adjusted debt2           13,018   6,392
Net debt2           10,161   2,427
Average shareholders' equity           20,525 17,352
Return on equity2           21%   20%
1 Production includes our equity share of gold production at Highland Gold.
2 Realized price, net cash costs, total cash costs, adjusted net earnings, EBITDA, adjusted operating cash flow, adjusted debt, net debt and return on equity are non-GAAP financial performance measures with no standard definition under IFRS. See pages 54 - 60 of the Company's MD&A.
3 Represents equity amortization expense divided by equity ounces of gold sold or pounds of copper sold.
4 Represents the impact of Barrick Energy and realized gains and losses on non-hedge commodity contracts at the Company's producing mines, divided by equity ounces of gold sold or pounds of copper sold.
5 Production includes one month's production from the newly acquired Lumwana mine.
6 Net earnings represents net income attributable to the equity holders of the Company.
7 Fully diluted includes dilutive effect of stock options and convertible debt.
 
 
 
Production and Cost Summary
                     
  Gold Production (attributable ounces) (000's)   Total Cash Costs ($/oz)
  Three months ended   Six months ended   Three months ended   Six months ended
  June 30,   June 30,   June 30,   June 30,
(Unaudited) 2011 2010   2011 2010     2011   2010     2011   2010
  North America 923 755   1,785 1,484 $ 404 $ 438 $ 400 $ 447
  South America 453 566   951 1,225     373   204     358   190
  Australia Pacific 463 482   922 971     611   560     597   557
  African Barrick Gold3 127 132   256 309     652   543     655   528
  Other 11 9   20 16     475   494     475   494
Total 1,977 1,944   3,934 4,005 $ 445 $ 401 $ 441 $ 397
                           
  Copper Production (attributable pounds) (Millions)   Total Cash Costs ($/lb)
  Three months ended   Six months ended   Three months ended   Six months ended
  June 30,   June 30,   June 30,   June 30,
(Unaudited) 2011 2010   2011 2010     2011   2010     2011   2010
South America 69 78   144 158     1.45 $ 1.07 $ 1.33 $ 1.06
Australia Pacific/Zambia4 24 24   24 44     1.97   1.31     1.90   1.20
Total 93 102   168 202 $ 1.56 $ 1.13 $ 1.41 $ 1.09
                           
              Total Gold Production Costs ($/oz)
              Three months ended   Six months ended
              June 30,   June 30,
(Unaudited)               2011   2010     2011   2010
Direct mining costs at market foreign exchange rates       $ 501 $ 396 $ 489 $ 395
Gains realized on currency hedge and commodity hedge/economic hedge contracts     (57)   (8)     (51)   (10)
Adjustments to direct mining costs2             (17)   (6)     (16)   (5)
  By-product credits               (19)   (14)     (18)   (16)
  Copper credits               (107)   (99)     (118)   (100)
Cash operating costs, net basis             301   269     286   264
  Royalties               37   33     37   33
Net cash costs1               338   302     323   297
  Copper credits               107   99     118   100
Total cash costs1               445   401     441   397
  Depreciation               152   142     147   137
  Adjustments to direct mining costs2             17   6     16   5
Total production costs           $ 614 $ 549 $ 604 $ 539
 
              Total Copper Production Costs ($/lb)
              Three months ended   Six months ended
              June 30,   June 30,
(Unaudited)               2011   2010     2011   2010
Cash operating costs           $ 1.53 $ 1.11 $ 1.39 $ 1.07
  Royalties               0.03   0.02     0.02   0.02
Total cash costs1               1.56   1.13     1.41   1.09
  Depreciation               0.26   0.21     0.25   0.21
Total production costs           $ 1.82 $ 1.34 $ 1.66 $ 1.30
1 Total cash costs and net cash costs are non-GAAP financial performance measures with no standard meaning under IFRS. See page 56 of the Company's MD&A.
2 Represents realized gains and losses on non-hedge currency and commodity contracts and the impact of Barrick Energy's net contribution.
3 Figures relating to African Barrick Gold are presented on a 100% basis up to March 31, 2010 and a 73.9% basis thereafter, which reflects our equity share of production.
4 Production includes one month's production from the newly acquired Lumwana mine.
 
 
 
Consolidated Statements of Income  
   
Barrick Gold Corporation          
(in millions of United States dollars, except per share data) (Unaudited)    Three months ended June 30,       Six months ended June 30,  
    2011     2010     2011     2010  
   
Revenue (notes 5 and 6) $ 3,426   $ 2,621   $ 6,516   $ 5,202  
Costs and expenses                        
Cost of sales (notes 5 and 7)   1,496     1,262     2,853     2,530  
Corporate administration   38     45     80     78  
Exploration and evaluation (note 8)   89     56     154     100  
Other expense (note 10A)   127     159     256     234  
Impairment charges (reversals) (note 10B)   4     11     4     (24 )
    1,754     1,533     3,347     2,918  
Other income (note 10C)   91     13     162     57  
Income (loss) from equity investees (note 14)   4     (9 )   5     (24 )
Gain (loss) on non-hedge derivatives (note 18E)   7     61     (24 )   88  
Income before finance items and income taxes   1,774     1,153     3,312     2,405  
Finance items (note 11)                        
Finance income   4     2     7     6  
Finance costs   (48 )   (47 )   (80 )   (113 )
Income before income taxes   1,730     1,108     3,239     2,298  
Income tax expense (note 12)   (550 )   (271 )   (1,044 )   (676 )
Income from continuing operations   1,180     837     2,195     1,622  
Income from discontinued operations (note 4G)   -     36     -     71  
Net income $ 1,180   $ 873   $ 2,195   $ 1,693  
Attributable to:                        
Equity holders of Barrick Gold Corporation $ 1,159   $ 859   $ 2,160   $ 1,679  
Non-controlling interests (note 22) $ 21   $ 14   $ 35   $ 14  
   
Earnings per share data attributable to the equity holders of Barrick Gold Corporation (note 9)              
Income from continuing operations                        
  Basic $ 1.16   $ 0.84   $ 2.16   $ 1.63  
  Diluted $ 1.16   $ 0.83   $ 2.16   $ 1.61  
Income from discontinued operations                        
  Basic $ -   $ 0.03   $ -   $ 0.07  
  Diluted $ -   $ 0.03   $ -   $ 0.08  
Net income                        
  Basic $ 1.16   $ 0.87   $ 2.16   $ 1.70  
  Diluted $ 1.16   $ 0.86   $ 2.16   $ 1.69  
The notes to these unaudited interim consolidated financial statements, which are contained in the Second Quarter Report 2011 available on our website, are an integral part of these consolidated financial statements.
 
 
 
Consolidated Statements of Comprehensive Income     
           
Barrick Gold Corporation          
(in millions of United States dollars) (Unaudited) Three months ended June 30,     Six months ended June 30,  
    2011     2010     2011     2010  
Net income $ 1,180   $ 873   $ 2,195   $ 1,693  
Other comprehensive income, net of taxes                        
Unrealized gains (losses) on available-for-sale ("AFS") financial securities, net of tax $1, $nil, $3, $1   (5 )   -     5     (2 )
Realized (gains) losses and impairments (recoveries) on AFS financial securities, net of tax $5, $nil, $5, $nil   (44 )   -     (44 )   -  
Unrealized gains (losses) on derivatives designated as cash flow hedges, net of tax $18, $69, $13, $41   185     (232 )   327     (142 )
Realized gains on derivatives designated as cash flow hedges, net of tax $30, $2, $46, $10   (103 )   (6 )   (176 )   (36 )
Currency translation adjustments, net of tax $nil, $nil, $nil, $nil   5     (19 )   33     (13 )
Total other comprehensive income   38     (257 )   145     (193 )
Total comprehensive income $ 1,218   $ 616   $ 2,340   $ 1,500  
Attributable to:                        
Equity holders of Barrick Gold Corporation $ 1,197   $ 602   $ 2,305   $ 1,486  
Non-controlling interests $ 21   $ 14   $ 35   $ 14  
   
The notes to these unaudited interim consolidated financial statements, which are contained in the Second Quarter Report 2011 available on our website, are an integral part of these consolidated financial statements.
 
 
 
Consolidated Statements of Cash Flow  
   
Barrick Gold Corporation   
(in millions of United States dollars) (Unaudited) Three months ended June 30,   Six months ended June 30,  
  2011   2010   2011   2010  
OPERATING ACTIVITIES                        
Net income $ 1,180   $ 873   $ 2,195   $ 1,693  
Adjusted for the following items:                        
  Depreciation   337     314     641     620  
  Accretion   17     5     24     12  
  Impairment charges (reversals) (note 10B)   4     11     4     (24 )
  Income tax expense (note 12)   550     271     1,044     676  
  Increase in inventory   (200 )   (83 )   (256 )   (132 )
  (Gain) loss on non-hedge derivatives   (7 )   (61 )   24     (88 )
  Gain on sale/acquisition of long-lived assets/investments   (86 )   (4 )   (156 )   (50 )
  Income from discontinued operations   -     (36 )   -     (71 )
  Operating cash flows of discontinued operations   -     (1 )   -     (4 )
  Other (note 13A)   (338 )   137     (320 )   135  
Operating cash flows before interest and income taxes   1,457     1,426     3,200     2,767  
Net interest paid   (31 )   (73 )   (51 )   (111 )
Income taxes paid   (736 )   (245 )   (1,024 )   (418 )
Net cash provided by operating activities   690     1,108     2,125     2,238  
INVESTING ACTIVITIES                        
Property, plant and equipment                        
    Capital expenditures (note 5)   (1,068 )   (851 )   (2,139 )   (1,560 )
    Sales proceeds   3     3     33     8  
Acquisitions (note 4)   (7,315 )   (305 )   (7,340 )   (752 )
Investments                        
    Purchases   (2 )   (1 )   (9 )   (2 )
    Sales   51     -     71     -  
Investing cash flows of discontinued operations   -     -     -     -  
Other investing activities (note 13B)   (63 )   (14 )   (73 )   (32 )
Net cash used in investing activities   (8,394 )   (1,168 )   (9,457 )   (2,338 )
FINANCING ACTIVITIES                        
Proceeds on exercise of stock options   10     26     31     31  
Proceeds from public issuance of common shares by a subsidiary (note 4E)   -     50     -     884  
Long-term debt                        
    Proceeds   6,500     782     6,659     782  
    Repayments   (347 )   (69 )   (349 )   (75 )
Dividends   (120 )   (197 )   (240 )   (197 )
Funding from (to) non-controlling interests   122     (110 )   179     (16 )
Financing cash flows of discontinued operations   -     -     -     -  
Other financing activities (note 13C)   (50 )   (32 )   (65 )   (18 )
Net cash provided by financing activities   6,115     450     6,215     1,391  
Effect of exchange rate changes on cash and equivalents   9     (7 )   12     (4 )
Net increase (decrease) in cash and equivalents   (1,580 )   383     (1,105 )   1,287  
Cash and equivalents at beginning of period (note 18A)   4,443     3,468     3,968     2,564  
Cash and equivalents at end of period (note 18A) $ 2,863   $ 3,851   $ 2,863   $ 3,851  

The notes to these unaudited interim consolidated financial statements, which are contained in the Second Quarter Report 2011 available on our website, are an integral part of these consolidated financial statements.

Consolidated Balance Sheets  
   
Barrick Gold Corporation        
(in millions of United States dollars) (Unaudited)   As at June 30,   As at December 31,   As at January 1,  
    2011   2010   2010  
ASSETS              
Current assets              
  Cash and equivalents (note 18A) $ 2,863 $ 3,968 $ 2,564  
  Accounts receivable   447   370   259  
  Inventories (note 15)   2,141   1,798   1,488  
  Other current assets   1,119   935   518  
Total current assets (excluding assets classified as held for sale)   6,570   7,071   4,829  
  Assets classified as held for sale   -   -   100  
Total current assets   6,570   7,071   4,929  
               
Non-current assets              
  Equity in investees (note 14)   424   396   1,124  
  Other investments   169   171   62  
  Property, plant and equipment (note 16)   25,645   17,890   13,378  
  Goodwill (note 17)   9,580   6,096   5,197  
  Intangible assets   498   475   275  
  Deferred income tax assets   552   625   601  
  Other assets   2,070   1,913   1,358  
Total assets $ 45,508 $ 34,637 $ 26,924  
LIABILITIES AND EQUITY              
Current liabilities              
  Accounts payable   2,043   1,511   1,221  
  Debt   130   14   54  
  Current income tax liabilities   427   550   104  
  Other current liabilities   329   416   366  
Total current liabilities (excluding liabilities classified as held for sale)   2,929   2,491   1,745  
  Liabilities classified as held for sale   -   -   49  
Total current liabilities   2,929   2,491   1,794  
               
Non-current liabilities              
  Debt (note 18B)   13,229   6,624   6,124  
  Provisions (note 20)   1,958   1,768   1,408  
  Deferred income tax liabilities   3,364   1,971   960  
  Other liabilities (note 19)   495   566   884  
Total liabilities   21,975   13,420   11,170  
Equity              
  Capital stock (note 21)   17,861   17,820   17,392  
  Retained earnings (deficit)   2,531   611   (2,535 )
  Accumulated other comprehensive income   872   727   232  
  Other   314   314   143  
Total equity attributable to Barrick Gold Corporation shareholders   21,578   19,472   15,232  
  Non-controlling interests (note 22)   1,955   1,745   522  
Total equity   23,533   21,217   15,754  
Contingencies and commitments (note 16 and 23)              
Total liabilities and equity $ 45,508 $ 34,637 $ 26,924  

The notes to these unaudited interim consolidated financial statements, which are contained in the Second Quarter Report 2011 available on our website, are an integral part of these consolidated financial statements.

Consolidated Statements of Changes in Equity
Barrick Gold Corporation Attributable to equity holders of the company          
                         
(in millions of United States dollars) (Unaudited) Capital stock Retained earnings (deficit)   Accumulated other comprehensive income   Other1 Total equity attributable to shareholders   Non-controlling interests   Total equity  
At January 1, 2011 $ 17,820 $ 611   $ 727   $ 314 $ 19,472   $ 1,745   $ 21,217  
 Net income   -   2,160     -     -   2,160     35     2,195  
 Total other comprehensive income   -   -     145     -   145     -     145  
 Total comprehensive income   -   2,160     145     -   2,305     35     2,340  
 Transactions with owners                                      
  Dividends   -   (240 )   -     -   (240 )   -     (240 )
  Issued on exercise of stock options   31   -     -     -   31     -     31  
  Recognition of stock option expense   10   -     -     -   10     -     10  
  Funding from (to) non-controlling interests   -   -     -     -   -     179     179  
  Other decrease in non-controlling interests   -   -     -     -   -     (4 )   (4 )
 Total transactions with owners   41   (240 )   -     -   (199 )   175     (24 )
At June 30, 2011 $ 17,861 $ 2,531   $ 872   $ 314 $ 21,578   $ 1,955   $ 23,533  
                                       
At January 1, 2010 $ 17,392 $ (2,535 ) $ 232   $ 143 $ 15,232   $ 522   $ 15,754  
 Net income   -   1,679     -     -   1,679     14     1,693  
 Total other comprehensive income (loss)   -   -     (193 )   -   (193 )   -     (193 )
 Total comprehensive income (loss)   -   1,679     (193 )   -   1,486     14     1,500  
 Transactions with owners                                      
  Dividends   -   (197 )   -     -   (197 )   -     (197 )
  Issued on exercise of stock options   31   -     -     -   31     -     31  
  Recognition of stock option expense   7   -     -     -   7     -     7  
  Recognized on initial public offering of African Barrick Gold (note 4E)   -   -     -     276   276     -     276  
  Funding from (to) non-controlling interests   -   -     -     -   -     (16 )   (16 )
  Other increase in non-controlling interests   -   -     -     -   -     1,064     1,064  
 Total transactions with owners   38   (197 )   -     276   117     1,048     1,165  
At June 30, 2010 $ 17,430 $ (1,053 ) $ 39   $ 419 $ 16,835   $ 1,584   $ 18,419  

1 Includes additional paid-in capital as at June 30, 2011: $276 million (December 31, 2010: $276 million; June 30, 2010: $276 million; January 1, 2010: $ nil) and convertible borrowings - equity component as at June 30, 2011: $38 million (December 31, 2010: $38 million; June 30, 2010: $143 million; January 1, 2010: $143 million).

The notes to these unaudited interim consolidated financial statements, which are contained in the Second Quarter Report 2011 available on our website, are an integral part of these consolidated financial statements.

CORPORATE OFFICE TRANSFER AGENTS AND REGISTRARS
Barrick Gold Corporation CIBC Mellon Trust Company*
Brookfield Place, TD Canada Trust Tower P.O. Box 7010, Adelaide Street Postal Station
Suite 3700 Toronto, Canada M5C 2W9
161 Bay Street, P.O. Box 212 Tel: (416) 643-5500
Toronto, Canada M5J 2S1 Toll-free throughout
Tel: (416) 861-9911 Fax: (416) 861-0727 North America: 1-800-387-0825
Toll-free throughout Fax: (416) 643-5501
North America: 1-800-720-7415 Email: inquiries@cibcmellon.com
Email: investor@barrick.com Website: www.cibcmellon.com 
Website: www.barrick.com   
   
SHARES LISTED *Effective November 2010, shareholder records are maintained by Canadian Stock Transfer ("CST") as administrative agent for CIBC Mellon Trusts Company.                         
ABX – The New York Stock Exchange             
 The Toronto Stock Exchange
  BNY MELLON SHAREOWNER SERVICES
  480 Washington Blvd. – 27th Floor
  Jersey City, NJ 07310
  Tel: 1-800-589-9836 Fax: (201) 680-4665
  Email: shrrelations@mellon.com
  Website: www.melloninvestor.com

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Certain information contained in this Second Quarter Report 2011, including any information as to our strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "believe", "expect", "will", "anticipate", "contemplate", "target", "plan", "continue", "budget", "may", "intend", "estimate" and similar expressions identify forward -looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The Company cautions the reader that such forward -looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance o r achievements of Barrick to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to: the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; changes in the worldwide price of gold, copper or certain other commodities (such as silver, fuel and electricity); fluctuations in currency markets; changes in U.S. dollar interest rates; risks arising from holding derivative instruments; the ability of the Company to complete or successfully integrate an announced acquisition proposal; legislative, political or economic developments in the jurisdictions in which the Company carries on business, including Zambia and Saudi Arabia; operating or technical difficulties in connection with mining or development activities; employee relations; availability and costs associated with mining inputs and labor; the speculative nature of exploration and development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves; changes in costs and estimates associated with our projects; adverse changes in our credit rating, level of indebtedness and liquidity, contests over title to properties, particularly title to undeveloped properties; the organization of our previously held African gold operations under a separate listed entity; the risks involved in the exploration, development and mining business. Certain of these factors are discussed in greater detail in the Company's most recent Form 40-F/Annual Information Form on file with the U.S. Securities and Exchange Commission and Canadian provincial securities regulatory authorities.

The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.



INVESTOR CONTACT: Deni Nicoski
Vice President, Investor Relations
(416) 307-7410
dnicoski@barrick.com
or
MEDIA CONTACT: Andy Lloyd
Senior Manager, Communications
(416) 307-7414
alloyd@barrick.com
Données et statistiques pour les pays mentionnés : Canada | Jersey | Pakistan | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Jersey | Pakistan | Tous

Barrick Gold Corp.

PRODUCTEUR
CODE : ABX.TO
ISIN : CA0679011084
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Barrick Gold est une société de production minière d'or basée au Canada.

Barrick Gold est productrice d'or, d'argent et de cuivre en USA, au Canada, au Chili, au Perou, en Australie, en Argentine, en Papouasie-Nouvelle-Guinee et en Tanzanie, en développement de projets d'argent, de cuivre, d'or, de palladium, de platine, de rhodium et de zinc au Chili, au Pakistan, au Perou, en Afrique Du Sud, en Papouasie-Nouvelle-Guinee, en Republique Dominicaine, en Tanzanie et in Russia, et détient divers projets d'exploration au Canada, en Australie, en Papouasie-Nouvelle-Guinee et en Tanzanie.

Ses principaux projets en production sont BALD MOUNTAIN, CORTEZ HILLS, GOLDEN SUNLIGHT MINE et ROUND MOUNTAIN en USA, HEMLO, WILLIAMS UNDERGROUND, DAVID BELL, WILLIAMS, GOLDSTRIKE UNDERGROUND et WILLIAMS OPEN PIT au Canada, GRANNY SMITH MINE, KANOWNA BELLE, KALGOORLIE "SUPER PIT" JV, TURQUOISE RIDGE (GETCHELL), PLUTONIC, OSBORNE, DARLOT, LAWLERS, GOLDSTRIKE OPEN PIT, KUNDANA, RUBY HILL, COWAL, GOLDEN FEATHER et PIPELINE MINING COMPLEX en Australie, ZALDIVAR au Chili, PIERINA et LAGUNAS NORTE au Perou, BULYANHULU, NORTH MARA et TULAKAWA MINE en Tanzanie, VELADERO et MARIGOLD en Argentine et PORGERA et GOLDSTRIKE en Papouasie-Nouvelle-Guinee, ses principaux projets en développement sont DEE PROJECT et GOLD HILL au Perou, PUEBLO VIEJO en Republique Dominicaine, KAINANTU en Papouasie-Nouvelle-Guinee, BUZWAGI en Tanzanie, PASCUA LAMA au Chili, REKO DIQ au Pakistan, FEDOROVA et ROSSI in Russia et SEDIBELO en Afrique Du Sud et ses principaux projets en exploration sont PANDORA, HOMESTAKE MINE, MEIKLE GOLD MINE, LAC ELMER, MICHAUD, SOUTH ARTURO et COURAGEOUS LAKE au Canada, KIDSTON, GETCHELL, MOUNT PLEASANT GOLD OPERATIONS, MARYMIA, CLONCURRY COPPER GOLD JV, MT. CARULINA, FUSE WEST, RED HILL et LAVERTON JV en Australie, RIO FRIO S.A., LA ORTIGA, SANTA ROSA, SARITA AND SARITA SUR, REESE RIVER NEVADA et ICBM en Argentine, ANTABAMBA, DONLIN CREEK et PINSON au Perou, KABANGA, REN et KABANGA en Tanzanie et NEW BRITAIN ISLAND en Papouasie-Nouvelle-Guinee.

Barrick Gold est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 41,0 milliards CA$ (31,3 milliards US$, 26,5 milliards €).

La valeur de son action a atteint son plus bas niveau récent le 31 décembre 2015 à 10,08 CA$, et son plus haut niveau récent le 23 octobre 2020 à 35,21 CA$.

Barrick Gold possède 1 165 779 968 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Dans les médias de Barrick Gold Corp.
02/01/2019New era for Barrick Gold begins
16/09/2018Barrick Gold seeks Chinese partners, may slash headcount: Gl...
26/07/2018Barrick Gold reports Q2 loss of US$94 million
20/06/2018Barrick Gold walks away from Guyana joint venture project
08/06/2017Barrick Gold buys Nevada mining project from former partner
27/10/2011Announces 25% Dividend Increase
05/10/2010Strong Potential Remains for Barrick Gold ABX
13/10/2009Barrick Gold Corp to purchase 70 pct stake in El Morro proje...
18/09/2009Barrick Gold Ripe for Bear Raid
Rapports annuels de Barrick Gold Corp.
2012 Annual Report and 40-F Now Available
2011 Annual Report and 40-F Now Available
2010 Annual Report and 40-F Now Available
2010 Annual Report
2007 Annual Report
Annual review 2006
2006 Mineral Reserves and Resources
Financements de Barrick Gold Corp.
14/11/2013Completes Previously Announced Equity Offering, Announces Re...
31/10/2013Announces Plan To Reduce Debt, Launches $3.0 Billion Public ...
25/05/2011Announces Pricing of $4.0 Billion Offering of Debt Securitie...
24/09/2009Barrick Gold Corp concludes USD4.0bn equity offering
Attributions d'options de Barrick Gold Corp.
16/02/2012Announces Dividend
Nominations de Barrick Gold Corp.
05/07/2016Announces Appointment of Daniel Oh as Senior Vice President,...
26/04/2016Announces Election of Directors
18/12/2013Change to Board of Directors
25/04/2013Announces Election of Directors
29/06/2012Names Ammar Al-Joundi Executive Vice President and Chief Fin...
06/06/2012CFO Jamie Sokalsky Appointed Barrick CEO; John L. Thornton A...
23/12/2008 Appoints Aaron Regent as CEO
Rapports Financiers de Barrick Gold Corp.
26/04/2016Announces Dividend
26/04/2016Reports First Quarter 2016 Results
17/02/2016Reports 2015 Full Year and Fourth Quarter Results | Growing ...
28/10/2015Reports Third Quarter 2015 Results | Growing Free Cash Flow
06/10/2015Third Quarter 2015 Results Release on October 28
05/08/2015Reports Second Quarter 2015 Results
24/06/2015Second Quarter 2015 Results Release on August 5
28/04/2015Reports First Quarter 2015 Results
31/10/2013Reports Third Quarter 2013 Results
24/04/2013Reports First Quarter 2013 Results
14/02/2013Reports Fourth Quarter and Full Year 2012 Results
01/11/2012Announces Third Quarter 2012 Results
16/02/2012Reports Q4 2011 Financial and Operating Results
28/07/2011Reports Q2 2011 Financial and Operating Results
27/04/2011Reports Q1 2011 Financial and Operating Results
17/02/20112010 Mine statistics
17/02/2011Q4 2010 Financial and Operating Results
28/04/2010Reports Q1 2010 Financial and Operating Results
Projets de Barrick Gold Corp.
31/03/2017(Veladero)Reports Restrictions at Veladero Mine Heap Leach Facility
27/10/2015Wave of Australian gold mine M&As receding-Evolution
19/10/2015El Nino halts Papua New Guinea gold mine-Barrick
24/09/2015Argentine judge lifts order against Barrick Gold's Veladero ...
22/09/2015Newmont not interested in Barrick's U.S. assets, eyes Austra...
21/09/2015Barrick says strong interest in U.S. gold asset sale
05/08/2015Barrick Gold agrees gold, silver "streaming" deal on Dominic...
23/06/2015Evolution share placement withdrawal clears way for Zijin ba...
26/05/2015Zijin strikes deals with western miners
16/04/2015CANADA STOCKS-TSX slides as resources, bank stocks lead sell...
05/04/2015Barrick chairman aims to put shine back in gold miner
05/04/2015Barrick open to sell-offs and joint ventures in debt drive
03/04/2015Barrick settles cases tied to atrocities at Porgera mine
27/03/2015Barrick to keep operating Zambia copper mine, pending royalt...
27/03/2015Barrick's Zaldivar Chile copper mine closed due to rains-spo...
16/01/2015Former Barrick Gold chief the new owner of Iamgold’s Niobec ...
07/10/2014Chile's top court halts Goldcorp's El Morro mine
04/02/2014(Marigold)Announces Agreement to Divest its Minority Interest in Marig...
31/01/2014African Barrick Gold Exploration (Kenya) Ltd. Reports Result...
29/01/2014African Barrick Gold Exploration (Kenya) Ltd. Reports Result...
29/01/2014African Barrick Gold Exploration (Kenya) Ltd. Reports Result...
22/12/2013(Plutonic)Announces Agreement to Divest Plutonic Mine in Australia
25/07/2013African Barrick Gold Exploration (Kenya) Ltd Reports the Com...
29/06/2013Provides Updates on Pascua-Lama Project
15/01/2013(Pueblo Viejo)Pueblo Viejo Achieves Commercial Production
16/08/2012(Pueblo Viejo)Pueblo Viejo Achieves First Gold Production
16/03/2011(Cortez Hills)Receives Record of Decision on Cortez Hills
15/11/1999(Getchell)MERGER AGREEMENT REACHED BETWEEN GETCHELL GOLD AND PLACER DO...
Communiqués de Presse de Barrick Gold Corp.
28/07/2016Five Stocks in Investors’ Spotlight Following Financial Resu...
11/07/2016These 5 Stocks Are Kicking Off The Week With A Bang
27/04/2016Remarks by Executive Chairman John L. Thornton at Annual Mee...
29/01/2016Barrick Gold Stands among the Best Gold Miners in January
28/01/2016Michael Brown Announced as President of Barrick U.S.A.
22/01/2016Barrick Gold Releases Preliminary Q4 Production Results
21/01/2016Barrick Achieves 2015 Production Guidance
21/01/2016Fourth Quarter 2015 Results Release on February 17
21/01/2016Barrick Gold Corporation Fourth Quarter 2015 Results Release...
20/01/2016Gold $ 1,095.97 +8.37 +0.77% Volume: January 20, 2016
19/01/2016Today’s Top Gold Miner Is Barrick; Which Will It Be Tomorrow...
19/01/2016Gold $ 1,091.95 +2.58 +0.24% Volume: January 19, 2016
18/01/2016Gold $ 1,089.75 +0.96 +0.09% Volume: January 18, 2016
11/01/2016Gold $ 1,100.72 -3.70 -0.34% Volume: January 11, 2016
08/01/2016Barrick Gold (ABX) Looks Good: Stock Moves 10.2% Higher
08/01/2016Gold $ 1,097.22 -11.74 -1.06% Volume: January 8, 2016
07/01/2016Gold $ 1,098.27 +4.63 +0.42% Volume: January 7, 2016
06/01/2016Why Are These Five Stocks Rallying on Wednesday?
06/01/2016Gold $ 1,083.39 +5.77 +0.54% Volume: January 6, 2016
05/01/2016Gold $ 1,078.35 +3.77 +0.35% Volume: January 5, 2016
04/01/2016Why Are These Stocks Trading Higher Today?
04/01/2016Gold $ 1,072.88 +11.45 +1.08% Volume: January 4, 2016
29/12/2015Barrick Mourns Loss of Employee at Cortez Mine
28/12/2015Why You Should Look Out for Gold Miners’ Commodity Exposure
22/12/2015Barrick Announces Appointment of 17 New Partners
18/12/2015Why Are These Five Stocks Registering Gains Today?
18/12/2015Barrick Gold Closes Spring Valley, Ruby Hill Stake Sale
17/12/2015Waterton Global Completes Purchase of Spring Valley and Ruby...
17/12/2015Barrick Completes Sale of Non-Core Assets in Nevada to Water...
17/12/2015How the Gold Price Is Influencing Pure Gold Miners
17/12/2015What Is Going On With These Four Falling Stocks?
16/12/2015Five Gold Mining Stocks to Own Now
15/12/2015Barrick Announces Pricing for Debt Tender Offer
15/12/2015Barrick Announces Early Tender Date Results of Debt Tender O...
13/12/2015Top 5 Cheap Miners Poised to Explode
05/12/2015Is Leucadia National Corp. (LUK) A Good Stock To Buy?
04/12/2015Why Are These Five Stocks in Green on Friday?
03/12/2015Barrick Announces Credit Facility Extension and Amendment
03/12/2015Barrick Concludes Divestment of 50% Interest in Zaldivar
02/12/2015Barrick Announces Appointment of J. Robert S. Prichard to Bo...
01/12/2015Barrick Announces Debt Tender Offer
01/12/2015Barrick Completes Sale of 50 Percent of Zaldívar Mine, Forma...
01/12/2015Barrick Completes Sale of 50 Percent of Zaldivar Mine, Forma...
01/12/2015Is Sabre Corp (SABR) Going to Burn These Hedge Funds?
30/11/2015How Are Mining Companies Handling the Precious Metals Rout?
30/11/2015Barrick and NOVAGOLD Report Filing of Draft Environmental Im...
03/11/2015How Did Barrick’s South American Operations Perform in 3Q15?
03/11/2015Barrick: What Will Drive Increased Recoveries for Pueblo Vie...
02/11/2015Five Top Stock Ideas For Q4 From Tipp Hill Capital
30/10/2015Are Mining Companies Recovering from the Price Rout?
30/10/2015What Helped Barrick Gold Beat Production Estimates in 3Q15?
30/10/2015Must-Read Notes on Barrick Gold’s 3Q15 Earnings and Conferen...
29/10/2015Edited Transcript of ABX.TO earnings conference call or pres...
29/10/2015Barrick to push harder for productivity gains in 2016
29/10/2015Barrick Gold expects agreements on asset sales before year-e...
29/10/2015Barrick Gold (ABX) Beats on Q3 Earnings, Misses Revenues
28/10/2015Barrick Gold reports 3Q loss
22/10/2015Premier Gold Mines May Have a Perfect Storm of Gold Prospect...
14/10/2015Barrick Announces Pricing for Debt Tender Offer
14/10/2015Barrick Announces Early Tender Date Results of Debt Tender O...
12/10/2015Miners Are Making Deals as Precious Metals Plunge
09/10/2015Comp: A Look at Gold Miners’ 2Q15 Production Profile
06/10/2015Comp: Can Gold Miners Generate Significant Free Cash Flow?
06/10/2015Comp: Analyzing the Financial Leverage for Gold Miners
06/10/2015Barrick Gold Corporation Third Quarter 2015 Results Release,...
06/10/2015Will Falling Gold Prices Lead to More Carnage for Miners?
05/10/2015Comp: What Do Analysts Think About the Gold Miners?
05/10/2015Comp: Which Gold Miner Looks Undervalued at the Current Leve...
01/10/2015Water not contaminated after cyanide spill at Barrick's Vela...
30/09/2015Barrick Closes Gold & Silver Streaming Deal with Royal Gold
30/09/2015Comp: Is Barrick Gold’s High Debt a Cause for Concern?
29/09/2015Barrick Announces Debt Tender Offer
29/09/2015Barrick Closes Innovative Gold and Silver Streaming Transact...
28/09/2015Processing Restrictions at Barrick's Veladero Mine Lifted
25/09/2015Comp: A Look at Gold Miners’ 2Q15 Production Profile
25/09/2015Comp: Do Gold Miners with an Exposure to Copper Face Downsid...
23/09/2015Who's The Buyer For This $700 Million Package Of Gold Mines?
22/09/2015Argentina suspends some Barrick operations after spill
21/09/2015PRESS DIGEST- Canada - Sept 21
18/09/2015Barrick to shut Utah office, dissolve copper unit, to cut co...
18/09/2015Mining job cuts haunt African leaders ahead of elections
18/09/2015PRESS DIGEST- Canada- Sept 18
11/09/2015Barrick Named to Dow Jones Sustainability Index
11/09/2015Barrick Announces Filing of Updated Technical Report for its...
08/09/2015Barrick Gold Is a Value Investment
31/08/2015PRESS DIGEST- Canada-Aug 31
31/08/2015Barrick Completes Formation of Strategic Joint Venture at Po...
28/08/2015Will Barrick Gold See Any Upside Going Forward?
28/08/2015Barrick Gold Builds Free Cash Flow in 2Q15
28/08/2015How Barrick Gold Plans to Cope with Lower Gold Prices
27/08/2015Barrick Shares Hit 52-Week Low on Lower Gold Prices
25/08/2015Barrick Gold Nears Debt Reduction Target for 2015—What’s Nex...
24/08/2015Barrick Gold in 2Q15: The Benefits of Asset Monetization
19/08/2015American Eagle and Target are big market movers
19/08/2015Barrick Gold Studies How to Add Upside to Reserves
19/08/2015Investors Are Excited about Barrick Gold’s 2Q15 Results, but...
18/08/2015Barrick Shuffles Management; Implements Dividend Reinvestmen...
18/08/2015Barrick to Gain from Cost Actions Amid Weak Gold Pricing
17/08/2015Barrick Announces Implementation of Dividend Reinvestment Pl...
17/08/2015Barrick scraps co-president structure in management shuffle
17/08/2015Barrick makes management changes, moves away from co-preside...
17/08/2015Barrick Announces Refinements to Management Structure
14/08/2015Deutsche Bank Upgrades 2 Top Gold Stocks to Buy
11/08/2015Barrick Gold Grapples with Falling Gold Prices and Higher De...
11/08/2015How Goldcorp is Managing in a Volatile Gold Price Market
10/08/2015A Micro-Cap Gold Company That Could Provide Major Return
10/08/2015Do Falling Gold Prices Mean More Mergers Are in the Cards?
09/08/2015'Backing Away From The Cliff' At Barrick Gold: Time To Buy?
07/08/2015Barrick (ABX) Q2 Earnings in Line, Revenues Beat Estimates -...
07/08/2015What Awaits Gold Mining ETFs Post Mixed-to-Better Earnings -...
07/08/2015'Backing Away From The Cliff' At Barrick Gold: Time To Buy?
07/08/2015Edited Transcript of ABX.TO earnings conference call or pres...
05/08/2015Nearing debt target, Barrick Gold cuts dividend, eyes asset ...
05/08/2015Barrick Gold reports 2Q loss
05/08/2015Barrick Reports Second Quarter 2015 Results
05/08/2015Barrick Announces Streaming Agreement With Royal Gold
04/08/2015John Hussman Buys, Sells Most Valuable Stakes in Second Quar...
04/08/2015What to Expect From Barrick Gold Earnings
04/08/2015What to Watch in the Day Ahead - Wednesday, Aug. 5
04/08/2015Key Canada Events: Week of Aug. 3-7
02/08/2015The 7 Most Important Earnings in the Week Ahead
01/08/2015John Hussman Shakes Up Portfolio in Second Quarter
30/07/2015Barrick Announces Sale of 50 Percent of Zaldívar Mine, Forma...
23/07/2015Barrick Completes Divestiture of Cowal Mine
20/07/2015Barrick 2014 Responsibility Report Now Available
18/06/2015As president, Bush would face entanglements from board roles
09/06/2015Is Newmont Mine Acquisition Better Than a Merger With Barric...
28/05/2015Billionaires Seeing Gold in Their Top Mining Stocks
26/05/2015Goldcorp Inc. (USA) (GG), Rio Tinto plc (ADR) (RIO) Among Bi...
26/05/2015Hedge Funds Pulling Back From The Mining Industry ~ See Thei...
08/05/2015Barrick Gold (ABX), Kinross Gold (KGC), Turquoise Hill (TRQ)...
01/05/2015Barrick Gold hires BlackRock fund manager to help with turnr...
30/04/2015Executive pay: The battle to align risks and rewards
27/04/2015Foreign Exchange and Fuel Tailwinds Could Help Newmont in 1Q...
27/04/2015Barrick Reports First Quarter 2015 Results
27/04/2015Most active New York Stock Exchange-traded stocks
27/04/2015Final Glance: Gold companies
27/04/2015Midday Glance: Gold companies
27/04/2015Early Glance: Gold companies
27/04/2015Key Canada Events: Week of April 27-May 1
22/04/2015Midday Glance: Gold companies
22/04/2015Early Glance: Gold companies
21/04/2015Final Glance: Gold companies
20/04/2015Zambia proposes friendlier mining tax regime after protests
17/04/2015Two top Canada pension funds to oppose CIBC's executive pay ...
17/04/2015Barrick Gold's board faces backlash over executive pay at AG...
16/04/2015Final Glance: Gold companies
16/04/2015Midday Glance: Gold companies
14/04/2015Early Glance: Gold companies
13/04/2015CANADA STOCKS-TSX win streak halted at 7; resource and indus...
10/04/2015Final Glance: Gold companies
10/04/2015Midday Glance: Gold companies
10/04/2015Early Glance: Gold companies
09/04/2015Proxy firm advises Barrick shareholders to reject pay plan
03/04/2015Statement from Barrick Gold Corporation and EarthRights Inte...
02/04/2015Final Glance: Gold companies
02/04/2015Midday Glance: Gold companies
02/04/2015Early Glance: Gold companies
01/04/2015CANADA STOCKS-TSX steady as a resource gains offset by banks
31/03/20155 Top Gold Stocks in 2015 Q1
30/03/2015CANADA STOCKS-TSX futures indicate lower start to the week
27/03/2015Barrick's 2014 Annual Report and Other Documents Now Availab...
27/03/2015Final Glance: Gold companies
27/03/2015Midday Glance: Gold companies
27/03/2015Barrick to continue Lumwana operations pending royalty chang...