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barrick gold corp (ABX) Details

Barrick Gold Corporation produces and sells gold and copper. It is also involved in exploration and mine development activities. The company holds interests in various properties located in the United States, Zambia, Chile, Dominican Republic, Argentina, Tanzania, Canada, Saudi Arabia, Australia, Papua New Guinea, and Peru. As of December 31, 2013, the company had proven and probable mineral reserves of 104.1 million ounces of gold and 14.0 billion pounds of copper. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada.

Founded in 1983

barrick gold corp (ABX) Top Compensated Officers

Chief Executive Officer, President, Non-Indep...
Total Annual Compensation: $1.4M
Founder and Chairman
Total Annual Compensation: $2.4M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $825.3K
Senior Executive Vice President
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2013.

barrick gold corp (ABX) Key Developments

Barrick Gold and BBVA Continental to Invest in Peru Hospital

Barrick Gold and BBVA Continental will invest PEN 36.1 million (USD 13 million) in the construction of the César Vallejo hospital in Peru's La Libertad region. Each party will invest half the total as part of Peru's Obras por Impuestos tax swap infrastructure program.

Coral Gold Resources Announces Joint Venture Deal with Barrick Gold for Gold Ridge Property in Nevada

Coral Gold Resources announced an option and joint venture deal with Barrick Gold for its Gold Ridge property in Nevada.  Under the terms of the deal, Barrick has the right to earn up to a 60% interest in the asset, in exchange for spending $12 million on exploration over a five year period. Barrick also will have the option to increase its stake by an additional 15% for a total undivided 75% interest by preparing a scoping study. Once Barrick exercises its options, a 60/40 or 75/25 split joint venture will be established to further explore the property. The Gold Ridge property is made up of 107 claims covering about 2.5 square miles, next to the western side of the Robertson claim block in north central Nevada on the Cortez Gold Trend.

Barrick Gold Mulls Acquisitions

Barrick Gold Corporation (TSX:ABX) is seeking acquisitions. Jamie Sokalsky, President and Chief Executive Officer of Barrick Gold said, "I think we are in a better position to look at acquisitions, but the priority now is to continue to run the business well."


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