1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Barrick Gold Corporation
  6. News
  7. Summary
    ABX   CA0679011084

BARRICK GOLD CORPORATION

(ABX)
  Report
Delayed Toronto Stock Exchange  -  04:00 2022-06-29 pm EDT
23.72 CAD   -0.71%
06/29Gold Drops on Dollar Strength
MT
06/29August Gold Contract Closes Down US$3.70; Settles at US$1,817.50 per Ounce
MT
06/29Gold Trading Higher on Weak Stocks, Lower Dollar and Bond Yields
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Barrick Amends, Extends $3 Billion Revolving Loan Terms, Adds Sustainability Targets; Shares Rise

05/19/2022 | 08:21am EDT

By Adriano Marchese


Barrick Gold Corp. shares rose in early trading Thursday after the company said it extended the termination date of its $3 billion revolving loan by a year to May 2027.

At 10:01 a.m. ET, shares were up 3.8% at C$26.40.

The Canadian miner said that it completed an amendment and restatement of its $3 billion revolving credit facility, which includes an extension to May 2027.

As part of the amendments, the company said it has replaced the London interbank offered rate, or LIBOR, with Secured Overnight Financing Rate, also known as SOFR, as the floating rate mechanism related to the interest rate for any U.S. dollar funds drawn down.

Barrick also said that it has incorporated sustainability-linked metrics to the loan which are made up of annual environmental and social performance targets.

The targets include scope 1 and scope 2 greenhouse gas emissions intensity, which are emissions that are created through its operations and the energy it sources.

They also include water use efficiency and total recordable injury frequency rate.

Depending on the performance relative to its set targets, Barrick may incur positive or negative pricing adjustments on its drawn credit spreads and fees, it said.


Write to Adriano Marchese at adriano.marchese@wsj.com


(END) Dow Jones Newswires

05-19-22 1021ET

Stocks mentioned in the article
ChangeLast1st jan.
BARRICK GOLD CORPORATION -0.71% 23.72 Delayed Quote.-0.67%
GOLD -0.07% 1817.17 Delayed Quote.-0.60%
All news about BARRICK GOLD CORPORATION
06/29Gold Drops on Dollar Strength
MT
06/29August Gold Contract Closes Down US$3.70; Settles at US$1,817.50 per Ounce
MT
06/29Gold Trading Higher on Weak Stocks, Lower Dollar and Bond Yields
MT
06/28Gold Closes With a Small Loss on Dollar Strength
MT
06/28August Gold Contract Closes Down US$3.60; Settles at US$1,821.20 per Ounce
MT
06/28Gold Steady Early Despite Rising Bond Yields and Dollar Strength
MT
06/27Gold Edges Down as the G7 Plans to Ban Imports of Russian Gold
MT
06/27August Gold Contract Closes Down US$5.50; Settles at US$1,824.80 per Ounce
MT
06/27Gold Edges Up as the G7 Plans to Ban Imports of Russian Gold
MT
06/24Gold Edges Higher on a Weakening Dollar as Bond Yields Edge Higher
MT
More news
Analyst Recommendations on BARRICK GOLD CORPORATION
More recommendations
Financials (USD)
Sales 2022 12 145 M - -
Net income 2022 1 572 M - -
Net cash 2022 780 M - -
P/E ratio 2022 16,0x
Yield 2022 4,20%
Capitalization 32 669 M 32 669 M -
EV / Sales 2022 2,63x
EV / Sales 2023 2,45x
Nbr of Employees 17 500
Free-Float 99,4%
Chart BARRICK GOLD CORPORATION
Duration : Period :
Barrick Gold Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BARRICK GOLD CORPORATION
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Last Close Price 18,40 $
Average target price 28,11 $
Spread / Average Target 52,8%
EPS Revisions
Managers and Directors
Dennis Mark Bristow President, CEO & Non-Independent Director
Graham Patrick Shuttleworth Chief Financial Officer
John Lawson Thornton Co-Chairman
Gustavo A. Cisneros Independent Director
Joseph Brett Harvey Lead Independent Director
Sector and Competitors