BarrickGold

Barrick Gold Sells Alaska Stake to Billionaire Investor John Paulson

4 days ago

In a significant move within the mining sector, Barrick Gold Corporation has announced its decision to sell its gold stake in a key Alaskan project to renowned hedge fund manager John Paulson. The transaction, valued at approximately $1.1 billion, marks a pivotal moment for both Barrick and Paulson, signaling a strategic shift in resource management and investment in the gold industry.

Saudi Arabia Expands Mining Frontier: Major Players Given Exploration Leases

1 month ago

In a significant move to bolster its mineral exploration sector, Saudi Arabia has awarded exploration leases to several major international mining companies. This initiative is part of the Kingdom's broader strategy to diversify its economy away from oil dependency, as it grapples with the growing pressures of climate change and fluctuating oil markets.

Barrick Gold Issues Urgent Deadline: Mali Faces Shutdown of Its Gold Mines

4 months ago

In a critical announcement that sent ripples throughout the mining and financial sectors, Barrick Gold Corp. has declared that the Malian government is racing against the clock to comply with requirements tied to the reopening of key gold mining operations. The company stressed that Mali has only one week to address these outstanding issues, or it may face a complete shutdown of its Cote d'Ivoire-based gold mines, including the significant Loulo and Gounkoto mines. These operations are not just vital to Barrick but are crucial to Mali’s economy, producing more than 25% of the country's gold output.