Barrick Gold Corporation

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charel01
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Re: Barrick Gold Corporation

Berichtdoor charel01 » 07 Okt 2015 15:08

"Barrick Gold (ABX) is taking several steps to reduce costs and increase it FCF free cash flow in 2015 and 2016. First, the firm reduced its dividends by 60% to $0.02 per share to conserve cash and increase its financial flexibility. Second, Barrick Gold is cutting its capex by $300 million in 2015. It’s also reviewing its capex plans for 2016 based on its capital allocation objectives. Barrick Gold generated $23 million in FCF in 2Q15. In contrast, it burned free cash worth $128 million in 2Q14. All of its operating and capital savings are flowing to FCF. Management maintains that all of its mines are free cash positive given a gold price of $1,100 per ounce."
Bron:"Market Realist"
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Re: Barrick Gold Corporation

Berichtdoor charel01 » 16 Okt 2015 12:16

Een hele boterham:
https://finance.yahoo.com/news/barrick- ... 00853.html" onclick="window.open(this.href);return false;
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Re: Barrick Gold Corporation

Berichtdoor charel01 » 28 Okt 2015 22:15

TORONTO, ONTARIO--(Marketwired - Oct 28, 2015) - Barrick Gold Corporation (ABX)(ABX) today announced that its Board of Directors has declared a dividend for the quarter of US 2 cents per share, payable on December 15, 2015, to shareholders of record at the close of business on November 30, 20151.

1 The declaration and payment of dividends is at the discretion of the Board of Directors and will depend on the company's financial results, cash requirements, future prospects and other factors deemed relevant by the Board.
Contact:
INVESTOR CONTACTS: Susan Muir
Vice President, Investor Communications
+1 416 307-5107
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Re: Barrick Gold Corporation

Berichtdoor charel01 » 29 Okt 2015 09:15

Barrick Gold reports 3Q loss
Barrick Gold reports 3rd-quarter loss of $264 million
TORONTO (AP) _ Barrick Gold Corp. (ABX) on Wednesday reported a third-quarter loss of $264 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Toronto-based company said it had a loss of 23 cents. Earnings, adjusted for non-recurring costs, were 11 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The gold and copper mining company posted revenue of $2.32 billion in the period.

Barrick Gold shares have fallen 28 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.69, a decline of 43 percent in the last 12 months.
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Re: Barrick Gold Corporation

Berichtdoor charel01 » 29 Okt 2015 15:37

Barrick Gold (ABX) Beats on Q3 Earnings, Misses Revenues
Barrick Gold’s ABX third-quarter 2015 adjusted earnings per share (excluding one-time items) of 11 cents beat the Zacks Consensus Estimate of 6 cents. Earnings, however, declined from the year-ago quarter figure of 19 cents due to lower realized gold and copper prices.

On a reported basis, loss for the third quarter was of $264 million or 23 cents per share as against earnings of $125 million or 11 cents per share in the prior-year quarter.

Barrick met cost and production targets for the third quarter and also generated healthy free cash flow.

Revenues fell around 11.8% year over year to $2,315 million in the reported quarter and missed the Zacks Consensus Estimate of $2,353 million.

verage realized price of gold decreased 12.5% year over year to $1,125 per ounce. All-in costs decreased 16.4% to $815 per ounce, and all-in sustaining costs (AISC) fell roughly 7.6% to $771 per ounce in the reported quarter.

Gold production rose to 1.66 million ounces from 1.65 million ounces a year ago. Copper production rose to 140 million pounds from 131 million pounds in the prior-year quarte
Gold

The Goldstrike mine, in the North American region, produced 328,000 ounces of gold in the quarter, up 37.2% year over year, at an average all-in sustaining cost of $558 per ounce. Barrick’s thiosulfate (TCM) circuit attained commercial production in the third quarter at a capital cost of $610 million. The company expects to complete the ramp up of the TCM circuit in the first half of 2016.

The Cortez mine produced 321,000 ounces of gold in the quarter, up 17.6% year over year, at an average all-in sustaining cost of $501 per ounce. The third quarter gained from higher open pit tonnage and increased underground productivity through the implementation of short interval controls, an initiative identified as part of Barrick’s Value Realization review for the mine. Increased production, reduced operating costs and lower sustaining capital led to improved all-in sustaining costs.

Production at Pueblo Viejo rose 2.4% to 172,000 ounces. Production was modestly below plan due to decreased gold grades and recoveries from a higher proportion of carbonaceous ore.

Production at Lagunas Norte mine declined 31.2% to 108,000 ounces. Production at Veladero decreased 19.7% year over year to 143,000 ounces. The Turquoise Ridge produced 55,000 ounces in the quarter, up 1.9% year over year. The Porgera mine produced 134,000 ounces, down 2.9% year over year.

Copper

Copper production in the third quarter was 140 million pounds, up 6.9% year over year. C1 cash cost was $1.53 per pound in the quarter, down from $1.82 per pound in the year-ago quarter.

Financial Position

Cash and cash equivalents were $3,317 million as of Sep 30, 2015, up roughly 22.6% from $2,705 million as of Sep 30, 2014. Long-term debt was roughly $11.3 billion, down from around $12.9 billion a year ago.

Free cash flow increased to $866 million, or $256 million barring the impact of $610 million in proceeds from the Pueblo Viejo streaming transaction. This compares with free cash flow of $26 million in the second quarter of 2015. The company’s focus on greater capital discipline, operational efficiencies and strong cost management led to the generation of solid free cash flow.

Debt Reduction

The company reduced its total debt by 15% from $13.1 billion to $11.2 billion, till the end of third-quarter 2015, thereby considerably reducing its near-term debt repayment obligations. Currently, the company has less than $250 million in debt due before 2018 and roughly $5 billion of its $11.2 billion outstanding debt will mature after 2032.

Building on $1.9 billion in repayments already completed in 2015, the company plans to use about $1 billion in proceeds from the sale of 50% of Zaldívar to cut debt. The sale is expected to complete in the fourth quarter. This would bring total debt repayments to about $2.9 billion.

Barrick has announced or completed asset sales, joint ventures and partnership worth $24.6 billion. The company also remains committed to achieve its debt reduction target of $3 billion for 2015. Barrick plans to use the free cash flow to reach this target.

Guidance

The company trimmed its gold production guidance for 2015 from the range of 6.1-6.4 million ounces to 6.1-6.3 million ounces, reflecting lower expected gold production from Acacia Mining plc.

All-in sustaining cost guidance for the year has been cut to $830-$870 per ounce from the earlier guidance range of $840-$880 per ounce. Average all-in sustaining costs for its five core mines are expected to be $700-$725 per ounce in 2015, down from $725-$775 per ounce. These mines are expected to represent around 75% of free cash flow from operations and 60-65% of production in 2015.

For the fourth quarter, all-in sustaining costs are now anticipated to be at par with the third quarter. Production is expected to be modestly higher, mainly due to the impact of higher sustaining capital expenditures, offset by increased production at Cortez, Pueblo Viejo, Lagunas Norte and Veladero.

The company anticipates significantly higher depreciation in the fourth quarter, mainly associated with a drawdown in inventory stockpiles at Cortez, Lagunas Norte and Goldstrike and higher sales volumes at Pueblo Viejo.

The company reiterated its copper production guidance of 480-520 million pounds for 2015. Full-year C1 cash costs are, however, expected to be $1.60-$1.85 per pound, down from $1.75-$2.00 per pound, due to currency impact and improved costs at Lumwana.

Currently, Barrick carries a Zacks Rank #2 (Buy).
Bron:"Zacks"
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Re: Barrick Gold Corporation

Berichtdoor charel01 » 29 Okt 2015 15:39

Barrick Gold expects agreements on asset sales before year-end
TORONTO, Oct 29 (Reuters) - Barrick Gold, the world's biggest gold producer, said on Thursday that it has just begun a second round in the sales process for six U.S. gold assets that it wants to divest and expects to sign at least one agreement before year-end.

"It's a very competitive, robust process," said senior vice-president Kevin Thomson on a conference call with analysts. "Our expectation is to sign one or more binding agreements before the end of the year."

As part of its plan to cut at least $3 billion in debt this year, Barrick has said it will sell six of its U.S. gold mines and projects: Bald Mountain, Round Mountain, Spring Valley, Ruby Hill, Hilltop and Golden Sunlight.

(Reporting by Susan Taylor; Editing by Bernadette Baum)
Bron:"Yahoo"
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Re: Barrick Gold Corporation

Berichtdoor USSENTERPRISE » 29 Okt 2015 15:50

Geen teken van wild optimisme over de goudprijs bij het Barrick management.

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Re: Barrick Gold Corporation

Berichtdoor charel01 » 30 Okt 2015 15:03

Barrick to push harder for productivity gains in 2016
TORONTO, Oct 29 (Reuters) - Barrick Gold will increase its focus on productivity and efficiency gains in 2016 to further improve its balance sheet, the world's biggest gold producer said on Thursday.

Barrick, which has the highest debt of any gold miner, began 2015 with a $13.1 billion in debt, which it had whittled to $11.2 billion as of Wednesday.

The Toronto-based company plans to put about $1 billion from the sale of its Zaldivar copper mine toward debt, with free cash flow used to reach its $3 billion debt reduction target for 2015.
And there are no plans to ease off, Barrick told analysts on Thursday
"We've actually got internal plans which are focusing more intensely, as we go forward, on productivity and efficiency," said Chief Financial Officer Shaun Usmar on a conference call.

Each mine is now being scrutinized for ways to improve operations by boosting revenue, for example, or cutting costs.

"That will be the next incarnation, because there is opportunity. You've seen the sector, as a whole I think, see deteriorating productivities for a fairly long period of time and that's the next frontier we seek to address," Usmar said.

The company also said it has just begun a second round in the sales process for six U.S. gold assets that it wants to divest and expects to sign at least one agreement before year-end.

"It's a very competitive, robust process," said senior vice-president Kevin Thomson on the call. "Our expectation is to sign one or more binding agreements before the end of the year."

Barrick has said it will sell six of its U.S. gold mines and projects: Bald Mountain, Round Mountain, Spring Valley, Ruby Hill, Hilltop and Golden Sunlight.
(Reporting by Susan Taylor; Editing by Bernadette Baum and Cynthia Osterman)
Bron:"Reuters"
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Re: Barrick Gold Corporation

Berichtdoor charel01 » 03 Nov 2015 17:28

Five Top Stock Ideas For Q4 From Tipp Hill Capital


Richard L. Haydon’s Tipp Hill Capital Management LLC is a New York-based hedge fund founded in July 2009. Formerly known as Yield Capital Partners (Y/Cap Management), under which its filings are still listed, the fund has a two-pronged investment strategy: first, a value-oriented long/short approach and second, an approach targeting investments driven by catalysts such as M&As, spin-offs, or managerial changes. The former strategy focuses on companies with strong free cash flow generation, among other factors, and has an investment horizon of one-to-three years and a target return of 50% within two years, while investments under the latter approach last less than a year, with an annual return target of 20-30%. With its latest 13F out, let’s take a closer look at Tipp Hill’s top investments in Visteon Corp (NYSE:VC), Barrick Gold Corporation (USA) (NYSE:ABX),WMIH CORPORATION (NASDAQ:WMIH), ON Semiconductor Corp (NASDAQ:ON), and Frontier Communications Corp (NASDAQ:FTR).
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Re: Barrick Gold Corporation

Berichtdoor Haiko17 » 22 Feb 2016 20:27

Een in mijn ogen zeer interessante analyse van goudmijnbedrijven door Leleux.
Barrick Gold komt er goed uit op pagina 6:

http://www.leleux.be/Leleux/WebSite.nsf ... yse-NL.pdf" onclick="window.open(this.href);return false;
Port: Galapagos, Ablynx, Nyrstar, WDP, EVS, Ageas, Barrick Gold, RDSB, Solvay, Euronav, CFE, AVH, RTL, Texaf, VGP, ProShares ultrashort QQQ, Resilux