Barrick Gold’s quarterly profit was boosted by strong performances at its Cortez and Carlin mines in Nevada
, on Wednesday beat analysts’ estimates for quarterly profit and announced a share buyback of up to $1-billion after record payouts to shareholders last year.
Bristow said Barrick “has always believed that discovering ounces was better than buying them at a premium.” Newmont’s offer implied a 21 per cent premium to Newcrest’s share price. Production for the year, however, was 4.1 million ounces of gold, down from 4.4 million ounces in 2021.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold SWOT: China raised its gold reserves for a third straight month.Commentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
Read more »
Gold miners may see margins shine as energy, labour costs edge lowerGold miners are set to report healthier margins for the fourth quarter as higher energy and labor costs, which dented bottom-lines for much of 2022, are expected to ease. All-in sustaining costs (AISC), an industry metric that reflects total expenses, jumped by a third in the last four quarters at top miners Barrick Gold and Newmont, but they are now projected to fall.
Read more »
Gold price weaker ahead of U.S. inflation dataSenior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developments
Read more »
B2Gold to buy Sabina Gold & Silver in $1.1-billion dealB2Gold will pay $1.87 per Sabina share, which represents an 18% premium to Sabina’s last close
Read more »
B2Gold makes C$1.1bn play for Canadian firm SabinaVancouver-headquartered B2Gold on Monday announced that it would acquire Sabina Gold & Silver in a C$1.1-billion transaction, which would diversify its assets with access to the Back River gold district, in Nunavut, Canada. The Back River gold district consists of five mineral claims blocks along an 80 km belt. The most advanced in the district, Goose, is full permitted and construction ready.
Read more »
The next two weeks are very important for goldKitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Read more »