Barrick Gold Corporation (ABX) ended last trading session with a change of -5.9 percent. It trades at an average volume of 16.52M shares versus 34.91M shares recorded at the end of last trading session. The share price of $14.84 is at a distance of 116.47 percent from its 52-week low and down -36.7 percent versus its peak. The company has a market cap of $17.29B and currently has 1.17B shares outstanding. The share price is currently -13.08 percent versus its SMA20, -13.78 percent versus its SMA50, and -14.1 percent versus its SMA200. The stock has a weekly performance of -18.77 percent and is 101.84 percent year-to-date as of the recent close.
Nov 2, 2016 — Barrick Gold Corporation (ABX) announced that it and a subsidiary have commenced a cash tender offer (the “Tender Offer”) for specified series of outstanding notes (the “Notes”). The terms and conditions of the Tender Offer are described in an offer to purchase (the “Offer to Purchase”) and the related letter of transmittal (the “Letter of Transmittal”), each dated.
Goldcorp Inc. (GG) recently recorded -5.87 percent change and currently at $13.14 is 39.59 percent away from its 52-week low and down -35.45 percent versus its peak. It has a past 5-day performance of -14.12 percent and trades at an average volume of 8.47M shares. The stock has a 1-month performance of -10.31 percent and is 14.43 percent year-to-date as of the recent close. There were about 859.8M shares outstanding which made its market cap $11.3B. The share price is currently -12.63 percent versus its SMA20, -14.89 percent versus its SMA50, and -21.24 percent versus its SMA200.
On Oct. 26, 2016 Goldcorp Inc. (GG) reported updated reserves and resources as of June 30, 2016.
- Proven and probable gold mineral reserves increased by 4% to 42.3 million ounces. The increase was primarily related to the recently acquired Coffee project, with the operating mines and projects essentially replacing depletion due to production.
- Maintained gold reserve grade of 1.06 g/t. Following an increase of $100 per ounce in the gold price assumption, the focus on increasing net asset value (“NAV”) continued to deliver high quality economic ounces.
- Measured and indicated gold mineral resources increased by 16% to 44.0 million ounces and inferred gold mineral resources increased by 22% to 22.5 million ounces. The significant increase in mineral resources was primarily related to Porcupine’s new Dome Century project (see below) and the acquisition of Coffee.
- Inaugural gold indicated mineral resource of 4.5 million ounces and 0.9 million ounces of gold inferred mineral resource announced at Porcupine’s new Dome Century project; concept study for potential new large-scale open pit mine underway. The dimensions of this mineralized envelope and a preliminary analysis indicate the potential to extend mineralization well below the existing pit.