Barrick Gold Corp.

Barrick Gold Corp.

Barrick Gold Corp.

Overview
Date Founded

1995

Headquarters

Brookfield Place,TD Canada Trust Tower,161 Bay Street, Suite 3700,Toronto, ON M5J 2S1

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

Director, President & Chief Executive Officer

Executive Director-Argentina Region

Executive Director-Peru

Executive Director, Chile

Senior Executive Vice President & Chief Financial Officer

Executive General Manager, Pueblo Viejo

General Manager, Corporate Office

Chief Operating Officer, North America

Chief Operating Officer, Africa & Middle East

Chief Operating Officer, LatAm & Australia Pacific

Board of Directors

Executive Chairman at Barrick Gold Corp.

President, Chief Executive Officer & Non-Independent Director at Barrick Gold Corp.

Professor Emeritus at University of Toronto - Faculty of Law

Chairman & Chief Executive Officer at Greenspun Media Group

Chairman at Cisneros Group of Cos.

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.

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Owners & Shareholders
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Van Eck 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. The firm typically utilizes qualitative and quantitative methods of analysis including fundamental analysis and various types of technical analysis such as charting and cyclical analysis. The strategy used by Van Eck is typically long-term buy-and-hold of digital assets, with portfolio weightings primarily determined by market value in order to achieve diversification, or investing in exchange-traded digital asset-linked derivative instruments and pooled investment vehicles and exchange-traded products that provide exposure to one or more digital assets.

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FCAM's investment approach is based the belief that in-depth fundamental analysis of companies can identify securities that may outperform the market. The firm's global research resources include seasoned, sector-focused fundamental analysts covering industry sectors across Canadian, US and global markets, as well as quantitative and technical portfolio managers and analysts. FCAM offers a wide variety of investment solutions including: Canadian, US and International/Global equity strategies; Diversified, Active/Single Sector, and Custom (Liability-Driven and Tactical Bond) fixed-income strategies; and Multi-Asset Class Asset Allocation Products including Strategic Balanced, Tactical Asset Allocation and Balanced Trust Services.

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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.

Recent Transactions
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Barrick Gold Corp. purchases Acacia Mining Plc

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Barrick Gold Corp. purchases Barrick Gold Holdings Ltd.

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Kinross Gold Corp. purchases Barrick Gold Corp. /Bald Mountain Exploration from Barrick Gold Corp.

Transaction Advisors
Legal Advisor

Advised onBarrick Gold Corp. purchases Homestake Mining Co.

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 Common Stock

Legal Advisor

Advised onWaterton Global Resource Management, Inc. purchases Barrick Gold Corp. /Spring Valley & Ruby Hill Project Assets from Barrick Gold Corp.

Attorney

Advised onZijin Mining Group Co., Ltd., Gold Mountains (HK) International Mining Co. Ltd. purchase Barrick Niugini Ltd. from Barrick Gold Corp.

Advisors & Consultants
Advisor

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

Senior Advisor

Interim President & Chief Executive Officer at Trilogy Metals, Inc.

Advisor

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

Clients

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.

Pan American Silver Corp. engages in the exploration, development, extraction, processing, refining, and reclamation of mineral properties. It owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. The company was founded by Ross J. Beaty and John J. Wright in April 1994 and is headquartered in Vancouver, Canada.

Kinross’ core purpose is to lead the world in generating value through responsible mining. With strong operating and financial performance and a portfolio of gold growth projects, Kinross is uniquely positioned among senior gold producers to generate value for shareholders.

Key Stats and Financials As of 2018
Market Capitalization
$39B
Total Enterprise Value
$29.6B
Earnings Per Share
$-1.72
Revenue
$9.45B
Net Profit
$-2B
EBITDA
$3.82B
EBITDAMargin
40.43%
Total Debt
$7.84B
Total Equity
$12.8B
Enterprise Value Sales
3.14x
Enterprise Value EBITDAOperating
7.76x
TEVNet Income
-14.8x
Debt TEV
0.26x
Non-Profit Donations & Grants
Political Donations
$1,000
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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Life Peer at United Kingdom House of Lords

Suppliers
Tetra Tech, Inc. Other Business & Consulting Services | Pasadena, California

Tetra Tech, Inc. was founded in 1966 to provide engineering services related to waterways, harbors, and coastal areas. For more than 50 years, the Company has substantially increased the size and scope of its business and expanded its service offerings through a series of strategic acquisitions and internal growth. Tetra Tech is a leading provider of consulting and engineering services. Tetra Tech has 16,000 associates located in 400 offices worldwide. Tetra Tech is based in Pasadena, California.

Ausenco Ltd. Holding Companies | South Brisbane, QL

Ausenco Ltd. provides engineering and project management services. Its services include program management, engineering, global procurement, construction management, commissioning and control systems. The company was founded in 1991 and is headquartered in South Brisbane, Australia.

ENGIE Energia Chile SA Alternative Energy | Santiago, SA

Engie Energia Chile SA engages in the generation and sale of electricity. It is also involved in the transportation, distribution and sale of natural gas. The company was founded on October 22, 1981 and is headquartered in Santiago, Chile.

Competitors
Newmont Goldcorp Corp. Non-Energy Mining & Minerals - Greenwood Village, CO

Newmont Mining Corporation is primarily a gold producer, with significant assets or operations in the United States, Australia, Peru, Indonesia, Ghana, New Zealand and Mexico. Founded in 1921 and publicly traded since 1925, Newmont is one of the world’s largest gold producers and is the only gold company included in the S&P 500 Index and Fortune 500. Headquartered near Denver, Colorado, the company has approximately 43,000 employees and contractors worldwide. In 2007, Newmont became the first gold company selected to be part of the Dow Jones Sustainability World Index. Newmont’s industry leading performance is reflected through high standards in environmental management, health and safety for its employees and by creating value and opportunity for host communities and shareholders

Agnico Eagle Mines Ltd. Non-Energy Mining & Minerals - TORONTO , ON

Agnico Eagle Mines Ltd. engages in the exploration and production of gold. It operates through the following segments: Northern Business, Southern Business, and Exploration. The Northern Business segment comprises of LaRonde mine, LaRonde Zone 5 mine, Lapa mine, Goldex mine, Meadowbank mine including the Amaruq deposit, Canadian Malartic joint operation, Meliadine project and Kittila mine. The Southern Business segment consists of Pinos Altos mine, Creston Mascota mine, and La India mine. The Exploration segment represents the exploration offices in the United States, Europe, Canada, and Latin America. The company was founded by Paul Penna in 1957 and is headquartered in Toronto, Canada.

Glencore Plc Non-Energy Mining & Minerals - Baar, ZG

Glencore Plc engages in the production and marketing of metal, mineral, and energy and agricultural commodities. It operates through following segments: Metals and Minerals, Energy Products, Agriculture Products, and Corporate and Other. The Metals and Minerals segment offers zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt and iron ore. The Energy Products segment provides crude oil, oil products, steam coal and metallurgical coal. The Agriculture Products segment produces wheat, corn, canola, barley, rice, oil seeds, meals, edible oils, biofuels, cotton and sugar. The Corporate and Other segment represents unallocated group related expenses. Glencore was founded in 1974 and is headquartered in Baar, Switzerland.

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