Category: Gold

Barrick Mining Restructures Leadership as Elliott Takes Stake and Acquisition Talk Rises Barrick Mining Corp. is undertaking a sweeping management overhaul as the Canadian gold producer faces mounting speculation about a potential acquisition or corporate breakup. According to an internal letter to employees from newly appointed chief executive officer Mark Hill—reviewed by Bloomberg—the company is implementing significant leadership changes and revising its regional operating model. Two senior managers and a top executive are departing as part of the restructuring. The move comes shortly after activist investor Elliott Investment Management LP… Read More Here

Barrick Gold Considers Breaking Up Company: Possible Split of North American and African–Asian Assets The board of Barrick Mining, one of the world’s largest gold producers, is exploring a plan to split the company into two separate entities—one focused on North America and the other on Africa and Asia—according to four sources familiar with internal discussions. The potential restructuring could also involve the sale of Barrick’s African portfolio and the Reko Diq copper-gold project in Pakistan, once financing arrangements for the latter are secured, the sources told Reuters. In Mali,… Read More Here

$5.28 Billion Gold Reserves Discovered in Western Kenya’s Lirhanda Corridor, Boosting Mining Investment A British mining company, Shanta Gold Kenya Limited, announced on Wednesday the discovery of extensive underground gold deposits in Kakamega County, western Kenya, estimated to be worth more than $5.28 billion (Sh683 billion). Officials have described the find as a historic milestone for Kenya’s mineral sector. The discovery was made in the Lirhanda Corridor, a 1,200-kilometer mineral belt spanning Kakamega and Vihiga counties, following years of intensive exploration and drilling. “The project aims to secure the necessary… Read More Here

Barrick Mining Reports $1.5B Free Cash Flow, Increases Dividend and Launches Nevada-Pueblo Viejo Operational Review Barrick Mining has used the first quarter following the unexpected resignation of CEO Mark Bristow to announce an operational review and measures to return capital to shareholders, supported by record free cash flow. The company reported $1.5 billion in free cash flow for the three-month period, driven by soaring gold prices that hit all-time highs in US dollars. In response, Barrick increased its base dividend and expanded its share buyback program. “This strong cash flow… Read More Here

Barrick Gold Reports Record $2.4 Billion Cash Flow and $1.3 Billion Profit in Q3 2025 as Gold Output Rises Barrick Gold Corporation reported record quarterly cash flow and earnings for the third quarter of 2025, fueled by higher gold production, lower operating costs, and robust commodity prices. The world’s second-largest gold miner said operating cash flow surged 82% from the previous quarter to $2.4 billion, while free cash flow jumped 274% to $1.5 billion. Net earnings climbed to $1.3 billion, or $0.76 per share, with adjusted earnings up 23% to… Read More Here

Newmont Weighs Bid for Barrick’s Nevada Gold Mines in Potential Industry-Shaping Deal Newmont Corporation, the world’s largest gold producer, is reportedly exploring a potential deal to acquire full control of Barrick Gold’s Nevada operations, according to Bloomberg. The move could mark one of the most significant gold-sector transactions in years, potentially reshaping the balance of power within the global mining industry. Why It Matters The Nevada Gold Mines (NGM) complex — the world’s largest gold mining operation is currently a joint venture between Barrick Gold Corporation (which operates and holds… Read More Here

Barrick Mining’s Urgent Arbitration Request Against Mali Rejected Amid Mining Dispute Barrick Mining’s request to fast-track its international arbitration case against Mali was rejected, according to two sources familiar with the matter who spoke to Reuters on Friday. The West African country’s government had been engaged in tense negotiations with Barrick since 2023 over the implementation of a new mining code that increased taxes and granted the government a larger share of gold mine revenues. Barrick initiated arbitration proceedings with the World Bank’s International Centre for Settlement of Investment Disputes… Read More Here