Last 218.20 GBp
Change Today -4.80 / -2.15%
Volume 1.1M
ABG On Other Exchanges
Symbol
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As of 11:35 AM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

african barrick gold plc (ABG) Snapshot

Open
224.50 GBp
Previous Close
223.00 GBp
Day High
226.90 GBp
Day Low
217.30 GBp
52 Week High
03/6/14 - 322.30 GBp
52 Week Low
10/14/13 - 145.70 GBp
Market Cap
894.8M
Average Volume 10 Days
676.6K
EPS TTM
--
Shares Outstanding
410.1M
EX-Date
08/27/14
P/E TM
--
Dividend
0.04 GBp
Dividend Yield
1.03%
Current Stock Chart for AFRICAN BARRICK GOLD PLC (ABG)

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african barrick gold plc (ABG) Details

African Barrick Gold plc, together with its subsidiaries, mines, processes, and sells gold in Africa. The company also produces copper and silver as co-products. It has three gold mines in northwest Tanzania, including Bulyanhulu, Buzwagi, and North Mara; and exploration projects at various stages of development in Tanzania and Kenya. The company was incorporated in 2010 and is headquartered in London, the United Kingdom. African Barrick Gold plc is a subsidiary of Barrick Gold Corporation.

5,230 Employees
Last Reported Date: 03/26/14
Founded in 2010

african barrick gold plc (ABG) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: 267.9K GBP
Compensation as of Fiscal Year 2013.

african barrick gold plc (ABG) Key Developments

Rick McCreary Steps Down as a Non-Executive Director from African Barrick Gold plc

African Barrick Gold plc has announced that Rick McCreary has stepped down as a non-executive director from the ABG board.

African Barrick Gold plc Announces Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Production and Capital Expenditure Guidance for the Year 2014

African Barrick Gold plc announced unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2014. For the second quarter, gold production of 178,206 ounces, 8% higher than second quarter 2013, with gold sales of 171,563 ounces. Revenue was $229,222,000 against $241,900,000 for the same period a year ago. EBITDA was $66,959,000 against $48,828,000 for the same period in the last year, despite the lower revenue increased to, mainly due to a $30.2 million reductions in direct mining costs, reflected in the 25% reduction of AISC to $1,118 per ounce. Net earnings were $18,412,000 against net loss of $721,946,000 for the same period in the year ago. Basic earnings per share were 4.5 cents against basic loss per share of 176.0 cents for the same period a year ago. Capital expenditure was $58,964,000 against $103,347,000 for the same period a year ago. Net cash generated from operating activities was $76,381,000 against $41,691,000 for the same period a year ago. For the six months, gold production of 346,581 ounces with gold sales of 330,947 ounces, 13% and 5% respectively, higher than first half of 2013. Revenue was $445,509,000 against $487,360,000 for the same period in the last year. EBITDA was $131,621,000 against $130,771,000 for the same period a year ago, as a result of the lower cost of sales and other charges, partly offset by lower revenue and higher corporate administration costs. Net earnings attributable to owners of the parent were $40,822,000 against net loss of $701,230,000 for the same period in the last year. Basic earnings per share were 10.0 cents against basic loss per share of 171.0 cents for the same period a year ago. Capital expenditure was $114,744,000 against $209,056,000 for the same period in the last year. Net cash generated from operating activities was $127,107,000 against $99,017,000 for the same period in the last year. Net profit from continuing operations was $39,469,000 against net loss of $672,677,000 for the same period in the last year. Purchase of property, plant and equipment was $116,496,000 against $207,210,000 a year ago. Investments in other assets were $83,000 against $2,032,000 a year ago. Basic and diluted earnings per share from continuing operations were 9.6 cents against loss per basic share from continuing operations of 164 cents a year ago. The company announced that as a result of the strong performance in first half of 2014 and the addition of the Upper East ounces into the 2014 plan, the company is revising production guidance upwards for the year to in excess of 700,000 ounces. The company maintain guidance for cash costs of $740 to $790 per ounce and all-in sustaining costs of $1,100 to $1,175 per ounce sold, and are targeting the bottom of both these ranges. Following the approval of the Upper East Project and the Gokona Underground portal in second quarter 2014, the company expects capital expenditure for the year 2014 to be between $255 million to $275 million. Capitalized development is expected to total $125 million to $135 million as a result of the accelerated development of the Bulyanhulu Deep West Zone together with the categorization of the Bulyanhulu Upper East project as capitalized development. Expansionary capital is expected to amount to $50 million which incorporates reduced residual CIL Expansion spend and the Gokona Underground portal.

African Barrick Gold plc to Report First Half, 2014 Results on Jul 25, 2014

African Barrick Gold plc announced that they will report first half, 2014 results on Jul 25, 2014

 

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ABG

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Valuation ABG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.7x
Price/Book 0.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.6x
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