Skip to Content

Barrick Gold Corp GOLD

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Barrick on Track to Hit 2021 Guidance and Announces Another Special Dividend After Solid Q2

Analyst Note

| Kristoffer Inton |

Barrick Gold’s steady performance continued into the second quarter, leading it to maintain its 2021 guidance. First-quarter production of a little over 1 million attributable ounces at all-in sustaining costs of $1,087 per ounce compares unfavorably with year-ago production of 1.1 million attributable ounces at AISC of $1,031 per ounce. Still, the company remains on track to hit full-year guidance of 4.4 million to 4.7 million ounces at $970 to $1,020 per ounce. We continue to forecast production of about 4.6 million ounces at AISC of about a $1,000 per ounce, boosted by a repaired roaster at Goldstrike, the completion of the Phase 6 leach pad at Veladero, and the ramp-up of Bulyanhulu’s underground operations.

Read Full Analysis

Company Profile

Business Description

Based in Toronto, Barrick Gold is one of the world's largest gold producers, operating mines in North America, South America, Australia, and Africa. In 2020, the firm produced nearly 4.8 million attributable ounces of gold and nearly 460 million pounds of copper. As of Dec. 31, 2020, Barrick had 68 million ounces and 13 billion pounds of proven and probable gold and copper reserves, respectively.

Contact
161 Bay Street, Brookfield Place, Suite 3700, P.O. Box 212
Toronto, ON, M5J 2S1, Canada
T +1 416 307-7405
Sector Basic Materials
Industry Gold
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type
Employees 22,600

Related

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.