18:38:14 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,778,125,848
Close 2020-11-12 C$ 33.98
Market Cap C$ 60,420,716,315
Recent Sedar Documents

FP/wire say Barrick's Bristow meets with PNG landowners

2020-11-13 09:31 ET - In the News

The Financial Post reports in its Friday edition that Barrick Gold chief executive officer Mark Bristow met Papua New Guinea landowners in the capital of Port Moresby on Thursday to discuss royalty arrangements, as the miner seeks to negotiate a reopening of the remote Porgera gold mine. A Reuters dispatch to the Post says that the Canadian miner's lease over the highlands mine, which it operated with China's Zijin Mining, lapsed when Prime Minister James Marape refused to extend it in April. Last month, Mr. Bristow and Mr. Marape agreed that Barrick and Zijin would be allowed to remain as operator, but few other details seem settled. Later, Mr. Bristow told a mining conference that fuller resolution of the dispute was "a long way off." The Porgera Landowners Association said in a statement that its members met Mr. Bristow in a Port Moresby hotel and are pressing for direct royalty payments. It was unclear if anything was agreed, and Reuters was unable to gain responses from any of the interested parties beyond the landowners' statement. Barrick closed Thursday at $33.98, down 30 cents on the Toronto Stock Exchange.

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