Lowering Barrick’s FVE on Softer Near-Term Outlook After Randgold Acquisition
Barrick ended 2018 on a slightly disappointing note. Full-year production of 4.527 million ounces came in at the very low end of prior guidance of 4.5 million-5.0 million ounces. Cash costs of $588 per ounce missed guidance of $540-$575, and all-in sustaining costs of $806 per ounce barely met guidance of $765-$815. The misses were relatively minor but were announced alongside underwhelming 2019 guidance.Barrick’s acquisition of Randgold was completed on Dec. 31, 2018. Although the combined com...
Barrick Gold is engaged in the production and sale of gold, as well as related activities such as exploration and mine development. Co. also produces copper and hold interests in oil and gas properties located in Canada. Co.'s mining operations are concentrated in three regional business units: North America, South America and Australia Pacific. Co. also hold a 73.9% equity interest in African Barrick Gold plc that owns gold mines and exploration properties in Africa. Co.'s copper business unit contains producing copper mines located in Chile and Zambia; and a mine under construction located in Saudi Arabia.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.