Barrick Gold Inc (GOLD)

[JohnCM]

Finally starting to get a little clarity out of the Kremlin. My 3 week (Feb 14th) forecast was $110 CRUDE and $2,100 GOLD.

CRUDE struggling a bit.

Russia says it may be 'forced' to respond militarily if the US won't agree to its unacceptable security demands on Ukraine

John Haltiwanger
Thu, February 17, 2022, 10:44 AM

Russia warned it could be forced to respond militarily if the US doesn't give in to its security demands.

Russia has demanded that Ukraine be permanently barred from joining NATO.

The US and NATO have been adamant that this is a non-starter.

Russia on Thursday warned it could be "forced to respond" militarily if the US doesn't agree to its demands for binding security guarantees, including permanently barring Ukraine and Georgia from NATO. The US has repeatedly made it clear that this demand is a non-starter.

"In the absence of the readiness of the American side to agree on firm, legally binding guarantees of ensuring our security by the United States and its allies, Russia will be forced to respond, including through the implementation of military-technical measures," the Kremlin said on Thursday in an 11-page response to written proposals submitted by the US in late January on Moscow's security demands.

The US and NATO have firmly rejected Russia's demand that Ukraine be forever banned from the alliance, stating that countries should be free to choose their own allies and defensive partnerships. Though Ukraine has sought to join NATO for years, it's not on the formal track to become a member at any point in the near future. But with an estimated 150,000 troops surrounding Ukraine, Russian President Vladimir Putin has demanded that the issue be resolved now.

Putin has complained about NATO's eastward expansion for years, ignoring the ways in which his aggressive behavior has pushed countries like Ukraine closer to the alliance and to the West more generally. Russia invaded Ukraine in 2014 and annexed Crimea, and since that year has supported rebels in a war against Ukrainian forces in the eastern Donbas region. Experts say Putin's bellicose posture toward Ukraine is linked to his broader ambitions of seeing Russia regain the power and influence it enjoyed across the region and beyond during the Soviet-era.

Russia on Thursday once again denied any plans to invade Ukraine, despite its massive military buildup on the border of its next-door neighbor.

"There is no and is not planned any 'Russian invasion' of Ukraine, which the United States and its allies have been declaring at the official level since autumn last year, therefore statements about Russia's 'responsibility for the escalation' cannot be regarded otherwise than as an attempt to put pressure on and devalue Russia's proposals for security guarantees," the Kremlin said.

Russia has gathered roughly 150,000 troops on Ukraine's border, according to the Biden administration, which has warned that a Russian invasion could occur at any moment. On Tuesday, Moscow claimed it was withdrawing some troops from Ukraine's border, but the US and NATO rejected this and said there have been no signs of Russian de-escalation.

The Biden administration has warned that Russia is looking for a pretext to invade, and could use covert operatives to stage some kind of sabotage to try to justify it.

"Russia says it's drawing down those forces. We do not see that happening on the ground. Our information indicates clearly that these forces, including ground troops, aircraft, ships, are preparing to launch an attack against Ukraine in the coming days," Secretary of State Antony Blinken said to the United Nations Security Council on Thursday, amid reports of shelling in eastern Ukraine.

[l2 hunter]

Hold 20000 GOLD shares. Looking forward $75 $100 2023. Barrick is extremly undervalued. Gold price $2500 $3000 next 24 months possible imho. Barrick perfect invest for me for near future.

[continuity]

i agree. Holding up the dollar is going to be mighty tough this year. I expect there will be a crash in the real estate market as well. I am ready. Bring it.

[l2 hunter]

GOLD good for 200% 300% in 2022 imho

[Michael TRed]

Just some inside military info. Believe it.

[donfig47]

Believe it when I see it. Until then same old same old.

[Michael TRed]

Brink of war. Its happening this weekend you heard it hear first. GOLD to the moon

[l2 hunter]

GOLD before huge time imho. Just warming up so far. Massiv undervalued. Looks like we on the right time invest close before GOLD super sycle trigger.

[beenhadbefore]

YES~ perfecto storm for gold!

[beenhadbefore]

YES!

[continuity]

It's a perfect storm for precious metals right now. War, inflation, economic uncertainty, bitcoin... all point to huge increases here.

[l2 hunter]

Barrick with new 6 months high. Looks like we will have a big time with Barrick Gold. Excellent turn around setup. Gold miners are extremly cheap. Good multipler potential imho

[biotech_researcher]

Spot on! I’ve waited three years for the confluence of events to occur. The move in gold may take your breath away.

[l2 hunter]

GOLD awakens 2022/2023 could be a multiplier for GOLD. Extremely undervalued and debt free. Fiat money faces big problems. Should the whales and Hedge money start to shift, gold mines will run like big tech stocks have for the last few years.

[biotech_researcher]

Barrick Gold grows net reserves by 150% at improved grade https://seekingalpha.com/news/3798767-barrick-gold-grows-net-reserves-by-150-at-improved-grade?source=copyToPasteboard

[biotech_researcher]

Setting up nicely:

https://twitter.com/sp3cul8r/status/1490837533005324288?s=21

With the gargantuan deficit the US has, there’s only one directions can go.

[donwillems]

Gold is going to soare in 22, first 7% in flation has landed here in Belgium, thats been so high since 1980 somewhere, europe is next, inflation will soar, gold will fly.
#Buygold
#Barrickisawesome

[biotech_researcher]

It should. For their own good…..

[Etailer]

Hopefully some of the Crypto money will find its way into the gold miners

[Etailer]

Dump the wallet and buy Barrick Gold. It’s super cheap right now. Buy low sell highly

[biotech_researcher]

Crypto is really breaking down hard now, so let’s see where this takes us next…

[biotech_researcher]

avoid e-wallets and buy gold….

[GE_Jim]

Barrick and NOVAGOLD Agree on Next Steps Toward Advancement of Donlin Gold; Drill Assay Results Continue to Yield High-Grade Intercepts and Demonstrate Important Grade Continuity; With Clear Improvement in Definition of Controls of Mineralization, the Project is Advancing Towards Feasibility Study Update
Today 8:00 AM ET (GlobeNewswire)Print

Donlin Gold LLC ("Donlin Gold"), owned 50/50 by Barrick Gold Corporation ("Barrick") (TSX: ABX) (NYSE: GOLD) and NOVAGOLD RESOURCES INC. ("NOVAGOLD") (TSX, NYSE American: NG), is pleased to report progress made during the executive management workshop and site visit in early September between senior representatives from Barrick and NOVAGOLD, as well as the Donlin Gold management team. Additional assay results for 18 completed drill holes, plus partial results for 22 holes from the 2021 drill program are reported below.

2021 Drill Program Delivers Consistent Results

The 2021 drill program was completed in September with 79 holes drilled for a total of 24,264 meters. To date, Donlin Gold has reported assays for 36 complete holes and 22 partial holes, encompassing 15,700 meters of length drilled. The last core was logged in mid-October with final samples sent off site to laboratories for further processing. The camp was closed at the end of October and is expected to reopen in January 2022 for a winter drill program. Final results from the 2021 drill program are expected to be disclosed in 2022.

The primary objective of the 2021 drill program was to complete the work necessary to validate and increase confidence in recent geologic modeling concepts to support future feasibility work.

The logging and assay results will be incorporated into a geologic model update, followed by a shift in focus to feasibility study work, subject to a formal decision by the Donlin Gold Board. Initial assay results from the 2021 drill program were disclosed in a media release on September 2, 2021, five of the top intervals received since this release include:

? Drill-hole collar locations and five of the top intervals are shown in Figure 1

? Drill-hole orientations, depths and significant intervals are shown in the Appendix at the end of this release, in Tables 1 and 2, respectively. Those holes, designated as being in the Divide area, are on the eastern side of the ACMA pit area, transitioning into the Lewis pit area, as shown in Figure 2. These new and significant high-grade drill hole intercepts point toward the potential feeder zones of this large system. Part of the objective of the 2022 exploration and drill program will be to confirm mineralization continuity and key geologic controls in representative areas of the deposit.

[GE_Jim]

Barrick Confirms Per Share Distribution Amount for the Third $250 Million Return of Capital Tranche
Today 6:30 AM ET (GlobeNewswire)Print

All amounts expressed in US dollars

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today confirmed that the per share amount of the third and final $250 milliontranche of a return of capital distribution totalling $750 million to be paid on December 15, 2021 will be $0.1405058, based on the number of issued and outstanding shares as of the November 30, 2021 record date.

This follows the approval by shareholders at Barrick's Annual and Special Meeting on May 4, 2021 of the total $750 million return of capital distribution.

On December 15, 2021, Barrick will also pay a previously declared dividend of $0.09 per share for the third quarter of 2021 to shareholders of record at the close of business on November 30, 2021.

"The payment of the $750 million return of capital distribution over the course of 2021, along with our quarterly dividend payments, will result in a total cash return to shareholders of approximately $1.4 billion during the year, which represents the highest annual cash payout to shareholders in Barrick's history," said senior executive vice-president and chief financial officer Graham Shuttleworth. "Even after these record annual distributions, our balance sheet remains exceptionally strong as a result of our robust operational and financial performance, leaving Barrick in a position to maintain our commitment to provide our shareholders with meaningful returns while continuing to invest in our future growth and development."

[GE_Jim]

World Gold Council Report Underscores Barrick's Leading Role in Sharing the Benefits of Mining
Today 11:45 AM ET (GlobeNewswire)Print

Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) today welcomed the release of the World Gold Council's report highlighting the role of its members in contributing to socio-economic development in the countries and communities in which they operate. According to the report, available at www.gold.org, this contribution amounted to almost $38 billion in 38 countries last year, in the form of payments to governments, employees and suppliers.

Barrick's status as an industry leader in socio-economic development was underscored by the comparison between its performance and the industrywide figures reported by the World Gold Council:

Barrick president and chief executive Mark Bristow said that the company's ability to share the benefits of mining was one of the key ways it measured its success. "We partner with our host communities and countries to transform their natural resources into tangible benefits and mutual prosperity. Additionally, we hire talented individuals from the communities closest to our mines and train them to world-class standards; we leverage our supply chain to facilitate the growth of thriving and self-sustaining businesses; and our taxes further contribute to the economic development of the countries and communities in which we operate," he said.

"This all happened against the backdrop of the Covid-19 pandemic when our prompt and effective responses protected our businesses from the worst of the virus and provided a further opportunity for us to demonstrate our commitment to partnerships," Bristow said.

Barrick spent more than $30 million on Covid-related community support measures in 2020 and prepaid more than $300 million in taxes and royalties. It also supported communities through a number of initiatives ranging from medical supply donations to local hospitals, loans to small businesses, setting up food banks and delivering food packages.

[GE_Jim]

Barrick Gold Corporation Is Maintained at Outperform by Raymond James
Today 11:57 AM ET (Dow Jones)Print

2021-11-24 16:57:00 GMT DJ Barrick Gold Corporation Price Target Cut to $27.00/Share From $27.50 by Raymond James

[l2 hunter]

GOLD time seems to start slowly. For me Time go went Tech profits in Gold miners imho. In with 20.000 shares $19.60.. My Speculation for 200% 300% next 24 months...

[GE_Jim]

Barrick Gold Early Sunday Reported Its 2 Mines In Tanzania On Track To Meet 2021 Production Targets
Today 10:23 AM ET (Benzinga)Print
(NYSE:GOLD) (TSX:ABX) – Barrick Gold Corporation’s Tanzanian mines, North Mara and Bulyanhulu, are both set to meet their 2021 production targets as well as to replace depleted reserves through brownfields exploration, president and chief executive Mark Bristow said here today.

Speaking at the mine to local media, Bristow said the production ramp-up at Bulyanhulu was gaining momentum with plant performance ahead of expectations and recoveries at a consistent rate of 93%. An 11% increase in tonnage was driven partly by an investment in three new fully automated loaders and three additional drills. Successful conversion and optimization of mineral resources in the upper portion of Deep West has been completed and is expected to add significant mineral reserves to the asset base, unlocking further value in the mine plan. In line with its long-term commitment to Tanzania, Barrick has also secured exploration targets elsewhere within Bulyanhulu’s mining licence.

Still at Bulyanhulu, a world-class analytical photon assay laboratory — the first of its kind in Africa and in Barrick’s global operations — has been commissioned. This new technique delivers faster, safer and more accurate analysis of gold, silver and complementary elements. This system provides an environmentally friendly, chemical-free, more sustainable replacement for traditional fire assay methods, significantly reducing CO2 emissions and hazardous waste. A new crusher was also commissioned and is being optimized to support increasing production.

At North Mara the commissioning of a brine treatment plant is scheduled for the fourth quarter of this year as part of Barrick’s successful drive to eliminate the mine’s historical environmental issues. This has also included a new water treatment plant and an upgraded tailings facility. During the past quarter the mine’s Gokona underground operation was connected to the national power grid, which will cut its diesel consumption by 43%. North Mara’s two open pits have been redesigned and integrated with the underground mine.

Bristow said Barrick was continuing to improve the quality of life in the villages around North Mara, in partnership with the mine’s community development committee. Key projects include construction of a tarmac road, classrooms, paediatric wards and laboratories, and support for agribusiness.

“Since Barrick launched a business development program in Tanzania, we’ve continued to empower the participating enterprises, unlocking more opportunities to expand our mines’ local content spend which has increased from 26% of their total expenditure in the first quarter of this year to 40% in the second. In the year to date, Barrick has invested 73% of its total spend with Tanzanian companies, 44% of which went to local businesses,” Bristow said.

“It’s also worth noting that thanks to our policy of employing and upskilling host country nationals, 97% of our workforce here are Tanzanians, 40% of whom were hired from the mines’ surrounding communities. Recently, for example, Bulyanhulu recruited 19 mining and process plant trainees through their village councils.”

In partnership with the Tanzanian health authorities, Barrick is ensuring the continued roll-out of Covid-19 vaccines. So far, 12% of its workforce in the country have been vaccinated.

Since Barrick formed its pioneering partnership with the government through the Twiga partnership in 2020, it has paid $118 million in salaries, $496 million in taxes, levies and royalties and $609 million for locally sourced goods and services. It has also paid a maiden cash dividend of $250 million.

[GE_Jim]

Notice of Release of Barrick's Third Quarter 2021 Results
Today 7:00 AM ET (GlobeNewswire)Print

Barrick will release its Q3 2021 results on Thursday, November 4, 2021. President and CEO Mark Bristow will host a live presentation of the results that day in London, UK, at 11:00EDT / 15:00GMT, with an interactive webinar linked to a conference call. Participants will be able to ask questions.

The company will release its preliminary production, sales and cost information for Q3 2021 on October 14, 2021.

[biotech_researcher]

In the end, gold will be left standing. So many negative cross currents with crypto. China, Russia, and the US are about to do crypto in…..

[GE_Jim]

Barrick Confirms Per Share Distribution Amount For Second $250M Return Of Capital Tranche
Today 8:08 AM ET (Benzinga)Print
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today confirmed that the per share amount of the second $250 million tranche of a return of capital distribution totalling $750 million to be paid on September 15, 2021, will be $0.1405092, based on the number of issued and outstanding shares as of the August 31, 2021 record date.

This follows the approval by shareholders at Barrick's Annual and Special Meeting on May 4, 2021 of the total $750 million return of capital distribution. The first distribution of $250 million was made in June 2021 and the third distribution of $250 million is expected to be effected to shareholders of record on a date to be determined in November 2021.

On September 15, 2021, Barrick will also pay a previously declared dividend of $0.09 per share for the second quarter of 2021 to shareholders of record at the close of business on August 31, 2021.1

"This second tranche of the $750 million return of capital, in addition to our $0.09 per share quarterly dividend, shows Barrick's commitment to providing our shareholders with one of the leading returns in the industry while continuing to invest in the future growth and development of our assets," said senior executive vice-president and chief financial officer Graham Shuttleworth. "After the distributions on September 15th, Barrick will have paid nearly $1 billion in overall returns in 2021, including the shareholder friendly return of capital, reflecting the strength of our balance sheet and cash flows."

[Etailer]

I thought Gold was volatile until Crypto came along.

[biotech_researcher]

Crypto is erasing the luster off of gold. When that falls, we rally…..

[Etailer]

They can beat it down as much as they want although I think they are a lot more careful now due to the spoofing cases that have landed some of these guys in jail. But yeah, I'll take the 40% drop and wait for the next wave that doubles the current price.

[nowwhat2]

The Great Precious Metals (Gold) Beat-down Fiasco...might just be here on its' last legs : perhaps.





Like, just who the heck wants Gold Stocks when others are faring SO well ?...







Gold today has shot up above $1800 probably due to to Powells' statements
https://www.kitco.com/charts/livegold.html

[Etailer]

Nice, congrats on the retirement.

[GE_Jim]

GE Jim? General Electric? Yes, for 25 years anyway, retired early. Been some time since I worked there. Still, I learned a lot of how things work.

[Etailer]

I feel that the Gold Miners is one of the safest bets right now. It's been a big pull back but still not selling and keep adding every month. My investments span Gold, Cannabis and Real Estate. GE Jim? General Electric?
I bought quite a few shares when it was $27 per share and took a beating on that one.

[GE_Jim]

I got Newmont, Wheaton, had Kirkland a while back. Also big on gold and silver bars. Sooner or later they will have to run.

[Etailer]

I have been buying along with Newmont, Wheaton, Yamana and a splash of Kirkland Lake.

[GE_Jim]

Barrick Gold Corporaton Is Maintained at Outperform by National Bank
Today 11:57 AM ET (Dow Jones)Print

Ratings actions from Baystreet: http://www.baystreet.ca

2021-08-23 15:57:00 GMT DJ Barrick Gold Corporaton Price Target Cut to C$37.00/Share From C$38.00 by National Bank

[Clairew]

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[BottomBounce]

$GOLD Total Debt (mrq) 5.15B

[Etailer]

GE has not worked out very well, still holding though. Hope to claw my way back to $27.00

[Etailer]

Let the printing presses roll. Who say's that money doesn't grow on trees?

[Etailer]

I like Barrick, one of my largest holdings.
I'm in 2 sectors Gold and Cannabis.

[Canna_Business]

[Joe Kaplan]

When fiat ends and physical rules the roost............
https://www.zerohedge.com/markets/macleod-end-lbma-nigh

[LouisDesyjr]

QE infinity!

Quant Easing can NEVER be over. If the Fed ever stops buying bonds and all, interest rates will go up and the value of their portfolio will drop and they will be insolvent.

BUT

The Fed can digitally print all the money it needs to keep things going!
(And will)

Louis J. Desy Jr.


DISCLOSURE: I own GOLD shares and call options.

[DrDouglas]

Carter Worth, Chartmaster on CNBC Options Actions, Friday April 9, 2021, recommended GDX and GOLD. I have found him to be fairly accurate in his suggestions.

Doctor Doug