Last C$19.66 CAD
Change Today -0.47 / -2.33%
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barrick gold corp (ABX) Snapshot

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02/25/14 - C$23.78
52 Week Low
08/7/13 - C$16.19
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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.

24,360 Employees
Last Reported Date: 03/31/14
Founded in 1983

barrick gold corp (ABX) Top Compensated Officers

Chief Executive Officer, President, Non-Indep...
Total Annual Compensation: $1.4M
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 Signs Deal to Form A Joint Venture with Saudi Arabian Mining

Barrick Gold has signed a deal to form a joint venture with Saudi Arabian Mining (Ma'aden) to operate the Jabal Sayid copper mine near Medina, Saudi Arabia.

Goldcorp Reportedly Eye Newmont Mines

Goldcorp Inc. (TSX:G) expressed an interest in buying African gold mines from Newmont Mining Corporation (NYSE:NEM) in 2014 during merger talks between Newmont and Barrick Gold Corporation (TSX:ABX), according to people familiar with the situation. Goldcorp explored the possibility of acquiring mines in Ghana as part of the potential combination of Newmont and Barrick Gold, said the people, who asked not to be named because the discussions were private. Talks between Barrick and Newmont about a merger broke down in April. The deal the two miners had considered would have included the spinoff of some of the combined company’s assets, two people familiar with the matter said at the time. Chief Executive Officer of Goldcorp Chuck Jeannes said in September that the Vancouver-based company is focused on large deposits with low costs and long lives.

Barrick Gold Corporation Announces Management Changes, Effective September 15, 2014

The board of directors of Barrick Gold Corporation unveiled a new executive management structure. Kelvin Dushnisky, currently Senior Executive Vice President responsible for Corporate and Government Affairs and Chairman of African Barrick Gold plc, and Jim Gowans, currently Executive Vice President and Chief Operating Officer, will be appointed Co-Presidents with overall responsibility for execution of the company's strategic priorities and operating plans. This model reflects the interconnected nature, and strategic importance of jointly managing day-to-day mining operations and the company's relationships with host governments, local communities and other external stakeholders. As Co-Presidents, Messrs. Dushnisky and Gowans will be responsible for the seamless execution of both functions at all times. Ammar Al-Joundi will be promoted to Senior Executive Vice President and Chief Financial Officer and will also work closely with the Chairman on the development and execution of strategic initiatives. Darian Rich will become Executive Vice President, Talent Management, a new position that reflects the critical requirement that any company seeking to be the leader in its field must attract, retain and develop exceptional people. In conjunction with this restructuring, President and Chief Executive Officer Jamie Sokalsky will be stepping down effective September 15, 2014. In the interim, Mr. Sokalsky will assist in facilitating a smooth transition to the new leadership structure.


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