Barrick Gold ( (TSE:ABX) ) has provided an announcement.
On April 4, 2025, Barrick Gold Corporation announced its achievements and future plans in a letter from the Chairman. Despite a challenging environment, the company reported a 69% increase in net earnings, a 20% rise in operating cash flow, and doubled free cash flow compared to 2023. Barrick met its gold production guidance and improved financial performance due to a 23% increase in gold prices. The company is poised to become a major copper producer with projects like Reko Diq and Lumwana. Barrick plans to change its name to Barrick Mining Corporation to reflect its broader mining focus. The company also announced board changes and share buybacks, highlighting its strong balance sheet and commitment to increasing shareholder value.
More about Barrick Gold
Barrick Gold Corporation is a leading company in the mining industry, primarily focused on gold and copper production. The company is known for its extensive portfolio of assets and its commitment to sustainable production and growth. Barrick is headquartered in Toronto, Canada, and has a significant presence in the global mining market.
YTD Price Performance: 25.76%
Average Trading Volume: 23,632,649
Technical Sentiment Signal: Strong Sell
Current Market Cap: $33.46B
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