We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Barrick Gold | LSE:BGD | London | Ordinary Share | CA0679011084 | COM NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 33.88 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
FOR: BARRICK GOLD CORPORATION NYSE, TSX SYMBOL: ABX LSE SYMBOL: BGD December 1, 2006 Barrick Completes Sale of South Deep Mine for $1.525 Billion TORONTO, ONTARIO--(CCNMatthews - Dec. 1, 2006) - All figures in US dollars. Barrick Gold Corporation (TSX:ABX)(NYSE:ABX)(LSE:BGD) announced today that it has completed the sale to Gold Fields Limited (NYSE:GFI)(JSE:GFI) of its indirectly held 50 per cent interest in the South Deep asset and its rights under the joint venture agreement with Western Areas Limited in the Republic of South Africa. Barrick received consideration of $1.525 billion, comprised of $1.2 billion in cash and 18.7 million Gold Fields shares valued at $325 million (based on the average ADR trading price on the NYSE for five days preceding the closing of the transaction). "We are pleased to have efficiently concluded this transaction," said Greg Wilkins, President and Chief Executive Officer. "The proceeds from this sale further strengthen Barrick's financial position as we advance our pipeline of projects, including the Sedibelo platinum project in South Africa." Barrick's vision is to be the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner. Barrick's shares are traded on the Toronto, New York and London stock exchanges. Forward-Looking Statements Certain information included in this press release, including any information as to our future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements." The words "expect", "will", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The Company cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Barrick to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to: changes in the worldwide price of gold or certain other commodities (such as fuel and electricity) and currencies; legislative, political or economic developments in the jurisdictions in which the Company carries on business, including South Africa; operating or technical difficulties in connection with mining or development activities; employee relations; the speculative nature of gold exploration and development, including the risks of diminishing quantities or grades of reserves; contests over title to properties, particularly title to undeveloped properties; and the risks involved in the exploration, development and mining business. These factors are discussed in greater detail in the Company's most recent Form 40-F/Annual Information Form on file with the US Securities and Exchange Commission and Canadian provincial securities regulatory authorities. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. -30- FOR FURTHER INFORMATION PLEASE CONTACT: INVESTOR CONTACTS: Barrick Gold Corporation James Mavor Vice President, Investor Relations (416) 307-7463 Email: jmavor@barrick.com OR Barrick Gold Corporation Mary Ellen Thorburn Director, Investor Relations (416) 307-7363 Email: mthorburn@barrick.com OR MEDIA CONTACT: Barrick Gold Corporation Vincent Borg Senior Vice President, Corporate Communications (416) 307-7477 Email: vborg@barrick.com Barrick Gold Corporation
1 Year Barrick Gold Chart |
1 Month Barrick Gold Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions