On Paper, The Barrick-Newmont JV Looks Good, But The Market Takes Its Time To Reflect It [Seeking Alpha]
Barrick Gold Corporation (BC) (GOLD)
Last barrick gold corporation (bc) earnings: 2/12 07:00 am
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US:NASDAQ Investor Relations:
randgoldresources.com
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Source: Seeking Alpha
On Paper, The Barrick-Newmont JV Looks Good, But The Market Takes Its Time To Reflect It Summary Barrick Gold's offer to acquire Newmont Mining resulted into a JV of Nevada assets of both companies. The JV should control gold reserves of more than 48 million toz. The annual production should be more than 4 million toz. The pre-tax NPV(5%) of the expected synergies is estimated at $4.7 billion. The NPV of the synergies represents approximately 10% of market value of both companies; however, the market hasn't reflected it yet. After Newmont Mining ( NEM announced GG GOLD February joint venture Fourmile The key assets are Barrick's Goldstrike and Cortez mines and Newmont's Carlin mine. Goldstrike and Cortez have combined reserves of 17.2 million toz gold, and measured, indicated and inferred resources of further 6.1 million toz gold. According to the 2019 production guidance, the two mines should produce together 1.75-1.9 million toz gold at an AISC of $850-900/toz. The Carlin mine has g
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News
- Barrick Gold (GOLD) Ascends While Market Falls: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
- Saudi Arabia nears deal for stake in Barrick Gold's Reko Diq mine - Bloomberg [Seeking Alpha]Seeking Alpha
- Barrick Gold Corp (NYSE: GOLD) had its price target lowered by analysts at BMO Capital Markets from $27.00 to $26.00. They now have an "outperform" rating on the stock.MarketBeat
- GALIANO GOLD ANNOUNCES UPCOMING CHANGES TO ITS BOARD OF DIRECTORS [Yahoo! Finance]Yahoo! Finance
- Barrick (GOLD) Reports Lower Preliminary Production for Q1 [Yahoo! Finance]Yahoo! Finance
GOLD
Earnings
- 2/14/24 - Beat
GOLD
Sec Filings
- 3/28/24 - Form 6-K
- 3/15/24 - Form 6-K
- 3/15/24 - Form 6-K
- GOLD's page on the SEC website