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Barrick Gold (ABX) vs. S&P 500 (SPY)
Barrick Gold Business Overview & Revenue Model
Barrick Gold Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 12.92B | 11.40B | 11.01B | 11.98B | 12.60B | Gross Profit |
| 4.96B | 3.46B | 3.52B | 4.90B | 5.18B | EBIT |
| 0.00 | 2.98B | 3.38B | 4.82B | 4.90B | EBITDA |
| 7.01B | 5.21B | 5.38B | 7.08B | 7.11B | Net Income Common Stockholders |
| 2.14B | 1.27B | 1.02B | 3.29B | 3.61B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 4.07B | 4.15B | 4.44B | 5.28B | 5.19B | Total Assets |
| 47.63B | 45.81B | 45.97B | 46.89B | 46.51B | Total Debt |
| 5.26B | 5.22B | 5.25B | 5.47B | 5.36B | Net Debt |
| 1.18B | 1.07B | 810.00M | 193.00M | 176.00M | Total Liabilities |
| 14.37B | 13.81B | 14.68B | 14.58B | 14.80B | Stockholders Equity |
| 24.29B | 23.34B | 22.77B | 23.86B | 23.34B |
| Cash Flow | Free Cash Flow | |||
| 1.32B | 646.00M | 432.00M | 1.94B | 3.36B | Operating Cash Flow |
| 4.49B | 3.73B | 3.48B | 4.38B | 5.42B | Investing Cash Flow |
| -2.76B | -2.82B | -1.71B | -1.90B | -1.29B | Financing Cash Flow |
| -1.79B | -1.21B | -2.60B | -2.39B | -2.25B |
Barrick Gold Technical Analysis
Barrick Gold Peers Comparison
Barrick Gold Earnings Call Summary
Barrick Gold Corporate Events
Barrick Gold Corporation declared a dividend of $0.10 per share for the fourth quarter of 2024, in line with its Performance Dividend Policy. Alongside dividends, Barrick repurchased 28.675 million shares in 2024, reflecting strong business performance and a focus on shareholder returns, while maintaining a robust financial position to support growth initiatives.
Barrick Gold Corporation has announced a new share buyback program, allowing for the repurchase of up to $1.0 billion of its common shares over the next 12 months. This decision highlights Barrick’s belief that its shares may be undervalued and reflects its strategic approach to leveraging financial performance, cash flow availability, and other investment opportunities to enhance shareholder value. The program is flexible, with no obligation to repurchase a specific number of shares, and can be suspended or discontinued at any time.
Barrick Gold Corporation reported a robust performance for Q4 and the entire year, with significant increases in gold and copper production, as well as reduced production costs. The company recorded a notable rise in net earnings and EBITDA, alongside strong cash flow figures, supporting a maintained dividend and share buybacks. These results highlight Barrick’s strategic focus on asset quality and sustainable growth, positioning the company strongly within the industry and indicating positive implications for stakeholders.
Barrick Gold Corporation announced a significant increase in its gold and copper reserves, underscoring its strategic focus on organic growth and asset quality. The company reported a 23% increase in gold mineral reserves and a 224% increase in copper reserves, highlighting the successful conversion of resources to reserves at its Reko Diq and Lumwana projects. This expansion positions Barrick as a leader in resource management, promising extended operational life and enhanced production capabilities, which are expected to create long-term value for its stakeholders.
Barrick Gold’s Kibali mine in the Democratic Republic of Congo ended 2024 with a record performance in yearly throughput, highlighting its operational excellence and efficiency as a low-cost producer. The mine is set to enhance its exploration efforts and strengthen its management team, aiming for new gold discoveries and bolstering its reserves. Additionally, Barrick is advancing the construction of a 16MW solar plant to reduce emissions and fuel consumption, aiming to operate with 100% renewable power for six months annually. The company’s efforts also include maintaining high environmental standards, supporting biodiversity projects, and contributing significantly to the local Congolese economy.
Barrick Gold Corporation is reinforcing its contribution to Zambia’s economy with the Lumwana Mine, having injected over $3.7 billion since 2019. The Lumwana expansion plan is set to double copper production by 2028 and create numerous jobs, aligning with Zambia’s development strategy. The expansion includes a training initiative to equip local workers, and infrastructure developments like a new airport and industrial park. Barrick is also addressing power supply issues in collaboration with ZESCO to benefit local communities and industries.
Barrick Gold Corporation has made a substantial economic impact in Tanzania through its Twiga joint venture, injecting over $4.24 billion since 2019 and contributing $888 million in 2024 alone. The partnership has been pivotal in providing employment, supporting local businesses, and funding community projects, with 96% of the workforce being Tanzanian nationals. Significant advancements have been made in mine production, safety records, and environmental management. The establishment of a Special Economic Zone and the Barrick Academy underscores Barrick’s commitment to sustainable development and talent cultivation. Additionally, the expansion of exploration areas is vital for the long-term strategy to enhance mineral reserves and sustain growth in the region.
Barrick Gold Corporation has announced the release of its fourth quarter and full year 2024 financial results, scheduled for February 12, 2025. The release will include a live presentation and interactive webinar led by President and CEO Mark Bristow, offering stakeholders an opportunity to engage with the company’s financial performance and future outlook.
Barrick Gold Corporation has temporarily suspended operations at its Loulo-Gounkoto mining complex in Mali due to restrictions imposed by the Malian government on gold shipments. The government has moved the gold stock to a custodial bank, preventing shipment and sale, prompting Barrick to work towards a resolution with stakeholders to ensure the long-term sustainability of its operations and their economic impact in Mali.
Barrick Gold Corporation has received an unsolicited mini-tender offer from TRC Capital Investment Corporation to purchase 5,000,000 common shares at a below-market price of C$21.35 per share. Barrick advises its shareholders to reject this offer, highlighting that it is not affiliated with TRC Capital and expressing concerns over the discounted offer, which is 4.52% and 4.38% below recent market prices on the Toronto and New York Stock Exchanges, respectively. The company aligns with guidance from Canadian and U.S. securities authorities, which warn investors about the potential risks associated with such mini-tender offers, urging them to exercise caution and seek professional financial advice.
Barrick Gold is currently facing operational challenges at its Loulo-Gounkoto mining complex in Mali due to restrictions on gold shipments and an interim attachment order against its gold stock. The unresolved situation threatens to impact the local economy and the livelihoods of 8,000 employees and service providers. Barrick is actively seeking to resolve disputes with the Mali government through arbitration and dialogue, emphasizing their longstanding commitment to Mali’s economic and social development. The company also faces the detention of several Malian employees on unfounded charges and is working towards their release.
Barrick Gold is facing significant challenges in Mali as efforts to resolve disputes with the government over the Loulo-Gounkoto complex have stalled. The situation has deteriorated with local management facing imprisonment without cause and gold shipments being blocked, potentially forcing a suspension of operations. Despite contributing significantly to Mali’s economy, Barrick’s attempts at negotiation have been rejected, raising concerns about future investment in the region.