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Barrick Gold Corp T.ABX

Alternate Symbol(s):  GOLD

Barrick Gold Corporation is a Canada-based gold and copper producer. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company has ownership interests in producing gold mines that are located in Argentina, Canada, Cote d'Ivoire, the Democratic Republic of the Congo, the Dominican Republic, Mali, Tanzania and the United States. The Company’s operations include Nevada Gold Mines, Bulyanhulu, Hemlo, Jabal Sayid, Kibali, Loulo-Gounkoto, Lumwana, North Mara, Porgera, Pueblo Viejo, Tongon, Veladero and Zaldivar. Its Bulyanhulu operation is located in north-west Tanzania, approximately 55 kilometers (km) south of Lake Victoria and 150 km southwest of the city of Mwanza. The Hemlo operation is located north of Lake Superior on the Trans-Canada Highway, approximately 35 km east of Marathon, Ontario, and it is an underground operation.


TSX:ABX - Post by User

Comment by goldenriviton Jan 19, 2023 12:50pm
160 Views
Post# 35233532

RE:Worst year of production in 22 years

RE:Worst year of production in 22 yearsPeter Munk must be rolling in his grave.Barrick was built on Peter who bought out JR miners that were not yet in production early in the exploration phase so he coulfd get free gold for his shareholders before the JR could drill off the full inventory.Post Munk the company bought out other producers with assets that were being mind out with falling production. With production falling over 22 yrs its clear that its time to get back to Peters roots and buy out JRs with 10 million oz world class high grade deposits.Bristow says he is going after a JR this year.SBB has 12 million oz grading open pit at 6gt.The mine is fully permitted financed and under full construction for 300,000oz in Q1 25.SBB says it plans to upgrade the ore and mine plan to 500,000 oz per yr.SBB has been named a take over target for ABX using its Canadian tax pools.If Bristow was wise he would beat AEM to the punch with a bid now before SBB can drill off 20 million oz at its George deposit starting this spring.Falling gold production over 22 yrs is a discrace and Barrick needs JR M&A now more than ever.
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