Barrick Gold Corp.

Barrick Gold Corp.

Barrick Gold Corp.

Overview
Date Founded

1983

Headquarters

161 Bay Street, Suite 3700, Toronto, Ontario, M5J 2S1, Canada

Type of Company

Public

Employees (Worldwide)

18.4K

Industries

Non-Energy Mining & Minerals
Other Business & Consulting Services
Metal Manufacturing & Products
Industrial Machinery & Manufacturing

Company Description

Barrick is the gold industry leader in production, reserves and market capitalization. The company operates globally, with a portfolio of 27 operating mines and advanced exploration and development projects located across the world, and large land positions on some of the most prolific and prospective mineral trends.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Executive Director-Peru

Senior Executive Vice President & Chief Financial Officer

Chief Investment Officer

General Counsel

Chief Operating Officer, North America

Chief Operating Officer, Africa & Middle East

Executive Managing Director, Nevada Gold Mines

Director, Investor Relations

Senior Executive Vice President-Strategic Matters

Board of Directors

Operating Partner at Churchill Capital Corp. VI

President & Chief Executive Officer at Barrick Gold Corp.

President at Central Ohio Coal Co.

Chairman at Cisneros Group of Cos.

Chief Executive Officer, Publisher & Editor at The Las Vegas Sun, Inc.

Director at N.M. Rothschild & Sons Ltd.

Former Head-Mining Investment Banking at Canadian Imperial Bank of Commerce (London Branch)

President at Alibaba Group Holding Ltd.

Director at Aguas Andinas SA

Former Chief of Staff & Director of Cabinet at The African Development Bank

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Owners & Shareholders
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Van Eck is a global investment manager that offers value-added exposures to emerging industries, asset classes and markets as well as differentiated approaches to traditional strategies. The firm employs a top-down approach to identify attractive potential markets and sectors and then conducts bottom-up analysis of individual stocks. Their portfolios are benchmarked against indices based on the portfolio's investment types and geographic focus and client preferences.

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FvS is an active manager which utilizes their five major core values of diversification, flexibility, quality, solvency and value to construct portfolios invested in equity, bond, and multi-asset instruments across regions and sectors. The firm aims to preserve and increase client assets by employing a long-term investment approach. Their equity funds invest in quality companies with stable business models. FvS is doing in-house analysis of the individual stocks to weigh a well-considered diversification of investments in different markets, sectors and currencies, opportunities and risks. They offer four different equity funds - all in common is the value-oriented stock selection by the firm’s portfolio managers. In addition to FvS’ pure bond funds that invest worldwide, the firm also offers a global strategy for convertible bonds which is a defensive alternative to pure equity investments. The firm’s multi-asset funds are an actively mix of several asset classes such as stocks, bonds and gold, combining investment opportunities with smart risk diversification.

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Fidelity Investments Canada offer Canadian investors a full range of domestic, international and income-oriented mutual funds, as well as asset allocation, managed solutions, ETFs and a high net-worth program. It also invests in real estate. The firm employs fundamental analysis with a bottom-up stock picking approach to select investments. Their portfolio managers and analysts employ a hands-on investment approach which includes visiting companies, conducting interviews and communicating with competitors. Fidelity Investments Canada covers over 90% of the companies included on the major global indices.

Recent Transactions
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Thor Explorations Ltd. purchases Barrick Gold Corp. /Central Hounde Project from Barrick Gold Corp.

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Dateline Resources Ltd. purchases LAC Minerals USA LLC /Colosseum Gold Mine from Barrick Gold Corp.

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Firefinch Ltd. purchases Societe des Mines de Morila SA from Anglogold Ashanti Ltd., Barrick Gold Corp.

Transaction Advisors
Legal Advisor

Advised onBarrick Gold Corp. purchases Homestake Mining Company of California

Accountant

Advised onBarrick Gold Corp. purchases Placer Dome, Inc.

Legal Advisor

Advised onBarrick Gold Corp. purchases Placer Dome, Inc.

Legal Advisor

Advised onBarrick Gold Corp. issued USD Common Stock

Legal Advisor

Advised onShandong Gold Mining Co., Ltd. purchases Barrick Gold Corp. /Veladero Mining Property from Barrick Gold Corp.

Legal Advisor

Advised onGoldcorp, Inc. purchases Barrick Gold Corp /Cerro Cesale Project from Barrick Gold Corp.

Advisors & Consultants
Advisor

Vice Chairman & Global Co-Head of Equity Capital Markets at RBC Capital Markets LLC

Senior Advisor

Former President & Chief Executive Officer at Arizona Mining, Inc.

Advisor

Former Director, President & Chief Executive Officer at Barrick Gold Corp.

Clients

Wheaton Precious Metals Corp. is a mining company, which engages in the sale of precious metals and cobalt production. It operates through the following segments: Gold, Silver, Palladium, Cobalt, and Other. It focuses on the following precious metals streams: Salobo, Penasquito, Antamina, Constancia, Stillwater, San Dimas, Sudhury, Zinkgruvan, Yauliyacu, Neves-Corvo, Pascua-Lama, Rosemont, Voisey's Bay, and others. The company was founded by Peter Derek Barnes on December 17, 2004 and is headquartered in Vancouver, Canada.

Royal Gold, Inc. engages in the acquisition and management of metal streams, royalties, and similar interests. It operates through the following segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. The Acquisition and Management of Stream Interests segment involves in the purchase agreement that provides, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals. The Acquisition and Management of Royalty Interests segment focuses on the non-operating interests in mining projects that provide the revenue or metals produced from the project. The company was founded on January 5, 1981 and is headquartered in Denver, CO.

Resolute is one of the largest gold producers listed on the ASX with three operating gold mines in Africa and Australia that have full exposure to the gold price. It continues to build shareholder value through its proven track record as a successful developer and operator of quality gold projects over the past 20 years. Its projects to date have yielded over 6 million ounces of gold. The Company is actively progressing its portfolio of projects and assessing new opportunities to further enhance shareholder value. The 2012 Financial Year has been a transformational period for Resolute Mining. Our substantial, hedge free gold production is generating strong cashflows in the current gold price environment. This has enabled Resolute to eliminate its debt and make significant cash returns to our shareholders while retaining sufficient funding to complete organic growth projects. Resolute is now extremely well positioned for the future. Production in FY12 of nearly 400,000 ounces of gold was a 20 per cent increase on that produced in the previous year. At the same time average group cash costs of $761 per ounce were down 16% on last year and resulted in a marked improvement in profits and cashflow. We are expecting a continuation of this performance in FY13 with a further production increase forecast albeit at a slightly higher unit cash cost. This means we are in an enviable position to consider strategic initiatives to add long term value for our shareholders. The Syama operation in Mali continues to improve and is now Resolute’s major asset. It has become a more consistent and reliable operation this year and is expected to approach its design throughput and production levels in FY13. This has contributed to the Resolute Board’s confidence in committing to a $241 million expansion during FY12 that will make Syama an even more substantial and robust long term asset. The expansion plan consists of three projects: the deepening of the main Syama pit which will double its life to 15 years; addition of an oxide circuit to add lower cost production ounces from treatment of the near-surface oxide ore along strike of the main pit; connection of the site to grid power which will deliver significant energy cost savings and other operational benefits. At Ravenswood in Queensland, the performance of the Mt Wright mine has been very pleasing. The mining method is now well established and is delivering on both its technical and financial parameters. We expect this to continue in the coming year. The Mt Wright decline is now developed to its designed depth and further development drilling to extend the depth of the ore body has commenced with positive early results. The feasibility study on the re-opening of the Sarsfield open pit, which will deliver a new long term ore source for the plant, is being critically reviewed for both capital and operating cost savings. The process to obtain all regulatory approvals for this is well advanced. Our Golden Pride mine in Tanzania is now in its final year of operation. It has been a key asset of the company and will have produced nearly 2.2 million ounces of gold over its 15 year life. We have an approved closure plan and we are well advanced in our work to meet its requirements. The Nyakafuru project, located 120 kilometres from Golden Pride, is shaping as a potential new development option in Tanzania utilising a relocated Golden Pride plant. An extensive drill program to expand the current 1.1 million ounce resource has met with good success and we should get a better understanding of the prospects for this project over the coming year. We are planning for another strong year on the exploration front with an approved budget of $22 million. Apart from Nyakafuru, our major focus is on expanding the oxide resources along the Syama strike where we have already had exceptional success. Further drilling of the breccia pipe targets at Ravenswood, in particular the Golden Valley breccia complex, is also planned. Our greatly improved financial position has provided an opportunity to pursue a number of new initiatives to add value for Resolute shareholders. Firstly, we have been able to return just over $70 million to shareholders this year through an opportunistic share buyback program and a 5 cent per share dividend, our first such payment in 13 years. Secondly, we have been able to commit to the organic growth projects without recourse to further debt or equity fund raising activities. Thirdly, we are well placed to consider further growth options to add to our production profile through acquisition or farm in opportunities. Striking the right balance between these three key areas is a challenge that I believe Resolute’s management team and Board has the necessary experience, skills and dedication to accomplish. We are now very well placed to deliver further value to shareholders. The continued commitment of our employees, support of the Board and encouragement from shareholders is important to the outcomes we will achieve. I would like to very much thank you all for your support and look forward to the year ahead.

Key Stats and Financials As of 2020
Market Capitalization
$41.7B
Total Enterprise Value
$48.8B
Earnings Per Share
$1.31
Revenue
$12.5B
TEVNet Income
21x
Debt TEV
0.11x
Total Equity
$31.7B
Total Debt
$5.16B
Net Profit
$2.32B
Enterprise Value / Sales
3.9x
Enterprise Value EBITDAOperating
7.22x
EBITDAMargin
53.99%
EBITDA
$6.76B
Three Year Compounded Annual Growth Rate Of Revenue
15.81%
Non-Profit Donations & Grants
$100K - $500K
2019
$5,000 - $10K
2019
Political Donations
$1,000
2005
$1,000
2005
$500
2005
Investments
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Quadrem International Ltd. provided business solutions that connect buyers and suppliers. It offered sourcing and spends management; procure to pay, data management, suppliers, and buyers solutions; and support and training services. The company was founded in 2000 and was headquartered in Keller, TX.

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GeoBiotics LLC operates as a mineral biotechnology company. It offers GEOCOAT, a concentrate biooxidation process for the treatment of refractory gold and base metal sulfide concentrates. The company was founded on January 3, 2001 and is headquartered in Lakewood, CO.

Investors
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LLP Designated Member at Red Kite Capital Management LLP

Suppliers
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