Canadian Mining Journal

Barrick Gold Corporation

  • GOLD: Barrick to settle Pascua-Lama investors’ suit for $140M

    June 1, 2016 by Canadian Mining Journal

    TORONTO – Barrick Gold will pay US$140 million to settle a shareholders’ suit over the company’s handling of the Pascua-Lama gold project on the Chile-Argentina border. After spending more than US$5 billion on the project, Barrick halted development in 2013

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    GOLD: NovaGold updates permitting activities at Donlin

    April 28, 2016 by Canadian Mining Journal

    ALASKA – Vancouver’s NovaGold Resources, half owner of the Donlin gold project 450 km northwest of Anchorage, outlines the continued permitting activities for the development of an operation that will produce 1.1 million oz of gold annually. (The remaining 50%

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    GOLD: Top 10 producing countries, companies

    March 30, 2016 by Canadian Mining Journal

    WASHINGTON, DC – According to figures gleaned from the US Geological Survey’s Mineral Commodities Summary, China remains the largest gold producing country in the world. Production there is estimated to reach 490 tonnes in 2015, followed by Australia with 300

  • GOLD: US judge okays class action against Barrick regarding Pascua-Lama

    March 24, 2016 by Canadian Mining Journal

    UNITED STATES – A U.S. District judge ruled on March 23 that a class action lawsuit against Toronto’s Barrick Gold may proceed. The company is accused of distorting facts related to the Pascua-Lama gold project that straddles the border of

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    MINING PEOPLE: Arianne Phosphate, Barrick Gold, Continental Gold, and Hatch

    March 17, 2016 by Canadian Mining Journal

    Arianne Phosphate of Saguenay, QC has named Brian Ostroff its CEO and Jean Lamarre as chairman of the board. Toronto-based Barrick Gold Corp. has struck a new Growth Committee of three to guide the company toward its goals for the

  • GOLD: Kinross bough deal oversubscribed, tops $285M

    March 16, 2016 by Canadian Mining Journal

    TORONTO – Kinross Gold Corp. says the US$250-million bought deal offering it announced three weeks ago is oversubscribed. The underwriters have exercised their over-allotment option to purchase an additional 12.5 million common shares and raise and extra US$37.5 million. That

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    GOLD: Barrick makes long term, $3B plans to boost production

    February 22, 2016 by Canadian Mining Journal

    TORONTO – Barrick Gold has re-evaluated several of its projects and come up with plans for four of them – Cortez, Goldrush, Turquoise Ridge (in Nevada) and Lagunas Norte (in Peru) – that have the potential to boost gold production.

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    GOLD: Barrick promises further $2B cuts to debt in 2016

    February 18, 2016 by Canadian Mining Journal

    TORONTO – Having reduced its debt by 24% or $3.1 billion (US dollars) in 2015, Barrick Gold taking aim at a further $2 billion debt reduction this year. The news comes as the company recorded its first free cash flow

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    MINING PEOPLE: Barrick, Kirkland Lake Gold, and Western Uranium

    February 18, 2016 by Canadian Mining Journal

    Barrick Gold of Toronto has named Kelvin Dushinsky to its board of directors. He joined the company in 2002 and is its president. He also holds the post of chairman at Acacia Mining. Following its merger with St Andrew Goldfields,

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    COPPER-GOLD: NGEx to combine Los Helados and Josemaria projects

    January 7, 2016 by Canadian Mining Journal

    CHILE and ARGENTINA – NGEx Resources of Vancouver has announced plans to create the Constellation copper-gold project by combining the Los Helados project in Chile and the Josemaria project in Argentina. Cost of development is estimated at US$3.08 billion, and

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    COPPER: Jabal Sayid mine begins production

    January 4, 2016 by Canadian Mining Journal

    SAUDI ARABIA – Initial production of copper has begun at the Jabal Sayid project 120 km southeast of Medina. Commercial production is expected in the first quarter of this year and will be 45,000 to 60,000 tonnes of copper annually.

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    MINING PEOPLE: Antioquia Gold, Barrick, Batero Gold, First Point, and Jet Metal

    December 3, 2015 by Canadian Mining Journal

    Calgary-based Antioquia Gold has named Felipe Ferraro president and CEO in place of Julian Villarruel, who will remain president of the company’s Colombian subsidiary. Barrick Gold of Toronto has added J. Robert S. Prichard to the company’s board of directors.