Solid Operating Performance Maintains Production Within Guidance
- Continued solid performance positions Barrick well within annual production guidance, despite Covid-19 challenges
- Improvement in safety management following increased focus
- Strong cash generation highlights quality of assets and leverage to gold price
- Barrick continues to be vigilant in its approach to contain the impact of Covid-19
- Higher gold prices also result in higher royalty payments and costs
- Strong operating performance for copper with costs per pound at lower end of the guidance range
- Operating Cash Flow in excess of $1.0 billion and Free Cash Flow1 greater than $0.5 billion for the quarter
- Net debt down almost 25% to $1.4 billion with no significant maturities until 2033
- Net earnings per share of 20 cents; adjusted net earnings per share2 up 44% to 23 cents for the quarter
- Strong operating performance from Tier One12 assets, with Pueblo Viejo production impacted by planned maintenance shutdown
- Veladero production impacted by Argentina’s Covid-19 movement and social distancing restrictions
- 30% of stockpiled concentrate shipped from Tanzania and first $100 million paid to Government
- Agreement reached in Mali to extend the Loulo convention to 2038
- Significant exploration drill results from Nevada, Dominican Republic, Mali and Tanzania
- Pueblo Viejo expansion, Goldrush development, Turquoise Ridge shaft and other key projects remain on track despite Covid-19 challenges
- Non-core asset disposal strategy delivers $1.5 billion value realization, including $1.25 billion in cash, with more to come
- Barrick increases quarterly dividend by 14% to $0.08 per share
- Go to the webinar
Source: https://www.barrick.com/English/news/news-details/2020/solid-operating-performance-maintains-production-within-guidance/default.aspx
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The Surveyor is accountable for supporting the Williams U/G by planning ahead and providing operations with direction and prints in all active headings.
As a member of the Technical Services and Mineral Resource Management team, the successful candidate will report to the Senior Mine Geologist and work either an 8:6 roster resident in town, or a 14:14 roster with camp accommodation and meals provided in a camp type environment.
The successful candidate will be reporting to the Chief Financial Officer and they will be responsible leading the Supply Chain function for the mine site.
The Temporary Journeyman Shift Electrician is accountable to the Maintenance Supervisor, the Electrician is responsible for maintaining all surface and underground electrical systems in accordance to Company Standards, Ontario Hydro standards, Electrical Code, CSA standards and Federal, Provincial, and Company Safety regulations.
The Underground Project Engineer is Responsible for generating all UG projects documentation and coordinating all technical activities on assigned projects and ensure effective communication and coordination between all project participants.
Reporting to the Planning Superintendent, the Mid-Term Planner is responsible for all mid-term mine planning activities.
Reporting to the Core Technician Coordinator, your primary duty will be to provide support in maintaining continuous operation of logging activities.
Ensure all programs, personal actions and approaches support Barrick’s goals for safety and sustainability. Act as a safety champion and constantly apply the principals and spirit of Courageous Safety Leadership and Courage to Care.
Ensure all programs, personal actions and approaches support Barrick’s goals for safety and sustainability. Act as a safety champion and constantly apply the principals and spirit of Courageous Safety Leadership and Courage to Care.
Accountable for the support, development, improvement, and reliability of the various facets f the mobile, exploration, development, fixed plant automation systems in a safe, productive, and cost-effective manner.