Barrick subsidiary seeks new strategy after latest criminal charges in Tanzania [Toronto Globe and Mail (Ontario, Canada)]
Barrick Gold Corporation (BC) (GOLD)
Last barrick gold corporation (bc) earnings: 2/12 07:00 am
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Source: Toronto Globe and Mail
Barrick Gold Corp.’s subsidiary in Africa, facing criminal charges and an export ban in a protracted dispute with Tanzania, is seeking to open a second negotiating channel to bypass Barrick’s own talks with the government. Peter Geleta, interim chief executive of Barrick subsidiary Acacia Mining, said on Friday that he is “deeply concerned about the increasing risks to the safety and security of our people” and the “increasingly challenging operating environment in Tanzania.” Tanzania’s anti-corruption bureau on Wednesday filed 39 corruption charges against a senior Acacia executive, a former vice-president of the company, and three of the company’s subsidiaries. The charges include tax evasion, forgery, conspiracy and money laundering. Story continues below advertisement The executive and former vice-president pleaded not guilty, but they were not granted bail after their arrests. Other Acacia employees and former employees have been detaine
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- 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
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