Barrick Gold

die sache auszusitzen
morgen wird es nett  

auch  

Ich schreibe eine Arbeit über Psychologie ( Freude )  warum es Menschen gibt die eine Freude haben wen viele andere einen Misserfolg haben


Ich bin in vielen Forum unterwegs , nur das vorgehen hier ist sehr interessant , sprich immer deine Gegenargument

Und so hätte ich ein paar fragen , und wenn du sie mir antworten würdest , würde es mir sehr viel helfen bei meiner Arbeit

1 ) Was empfindest du wenn der Kurs Fällt
2 ) Was empfindest du wenn du hir lessen tust das andere, Verkauft haben mit Verlust
3 ) Was empfindest du wenn andere gegen deiner Meinung sind , aber du hast recht ( sprich der Kurs fällt )
4 ) Was empfindest du wenn andere gegen deiner Meinung sind  ,  und der  Kurs steigt  
5 ) Warst du bei Barrick Gold Inverstiret  
6 ) Falls ja, hast du mit Verlust verkauft ?

Bedanke mich im voraus für deine ehrliche Antwort

Lg
mio  

ich hoffe, du schreibst deine Arbeit nicht auf Deutsch.  

TORONTO, July 26, 2017

• Barrick reported second quarter net earnings attributable to equity holders ("net earnings") of $1.084 billion ($0.93 per share), and adjusted net earnings⁽¹⁾ of $261 million ($0.22 per share).
• The Company reported second quarter revenues of $2.160 billion, net cash provided by operating activities ("operating cash flow") of $448 million, and free cash flow⁽²⁾ of $43 million.
• Gold production in the second quarter was 1.432 million ounces, at a cost of sales applicable to gold⁽³⁾ of $726 per ounce, and all-in sustaining costs⁽⁴⁾ of $710 per ounce.
• Total debt was reduced by $309 million in the second quarter.
• We continue to expect full-year gold production of 5.3-5.6 million ounces, at a cost of sales⁽³⁾ of $780-$820 per ounce, and all-in sustaining costs⁽⁴⁾ of $720-$770 per ounce.
• Normal leaching operations, including the addition of cyanide, have resumed at the Veladero mine in Argentina, following the anticipated ramp up and testing of upgraded leach pad systems.
• We completed the formation of our strategic partnership with Shandong Gold, a landmark agreement with the potential to create fundamental long-term value for our respective owners, as well as our community and government partners in Argentina.
• Barrick will begin discussions with the Government of Tanzania next week concerning the concentrate export ban and other issues impacting Acacia Mining plc's operations in the country.
  

...

http://www.barrick.com/investors/news/...er-2017-Results/default.aspx

 

Die guidance wurde nur am unteren Ende angesetzt, da Acacia noch keine Anpassung der guidance vorgenommen hat... Der schlechte Fall, ist also nicht wirklich eingepreist und wird erst lt. Bericht eingepreist, wenn sich was konkretes ergibt.  

Tanzania Concentrate Export Ban Update

Barrick holds a 63.9 percent equity interest in Acacia Mining plc, a publicly traded company listed on the London Stock Exchange that is operated independently of Barrick. At this time, Acacia continues to evaluate the impact of Tanzania's concentrate export ban, as well as recently enacted legislation, on its 2017 production guidance. Acacia has not revised its full-year production guidance to reflect any change to annual output as a result of the concentrate export ban currently in place, but has stated that it is now targeting the lower end of its guidance range. Acacia has also indicated that, given the rate of cash outflow, it does not believe continued operations are sustainable at its Bulyanhulu mine beyond September 30. Barrick continues to monitor the situation, and should Acacia revise its full-year outlook, Barrick will evaluate the impact to its own guidance at that time. Any impact will depend, in large part, on the duration of the concentrate export ban. Acacia operations impacted by the current ban on concentrate exports (Bulyanhulu and Buzwagi) account for approximately six per cent of Barrick's 2017 gold production guidance. In total, Acacia accounts for approximately 10 percent of Barrick's 2017 gold production guidance.

In an effort to seek a resolution that is in the best interests of all parties, including the Government of Tanzania, Barrick, and Acacia, Barrick will begin direct discussions with the Government of Tanzania concerning the concentrate export ban and other issues next week. Barrick is doing so in its capacity as Acacia's largest shareholder. Acacia is not participating directly in the discussions at this stage, however it intends to work with Barrick as necessary to support the process. Any potential resolution arising from these discussions will be subject to approval by Acacia.

 

in Tanzania werden.
Meist endet es vor einem internationalen Schiedsgericht.
Jedes Mal wenn Neuigkeiten kommen zuckt der Kurs heftig.
Also das Risiko von starken Kursschwankungen wird bei Barrick  vermutlich bestehen bleiben.

 

Barrick hat aktuell 7,4 Mrd. USD Schulden, die sie bis 2020 zurückführen wollen. Aber ich würde mich da nicht so stark auf solche Aussagen verlassen.

Mir kommt vor, sie müssen weiterhin das das "Familiensilber" verkaufen, zuletzt 50% der Veladero Mine in Argentina.

Mit dem Concentrate Export Ban in Tansania geht es ihnen ähnlich wie Freeport in Indonesien mit der Grasberg Mine.

Das Minengeschäft bleibt eben risikobehaftet und es gilt leider auch als das dreckigste Geschäft und da meine ich gar nicht den Dreck an den Stiefeln.


 

Veladero Operational Update

On June 15, San Juan provincial government and judicial authorities lifted operating restrictions that had been imposed at the Veladero heap leach facility in March 2017. Following the lifting of restrictions, Veladero completed a gradual ramp-up of the mine's upgraded leach pad systems, testing the safety and integrity of the new infrastructure. Normal leaching operations at Veladero, including the addition of new cyanide to the heap leach circuit, resumed in mid-July.

On a 100 percent basis, we continue to expect full-year production at Veladero of 630,000-730,000 ounces of gold, at a cost of sales⁽³⁾ of $740-$790 per ounce, and all-in sustaining costs⁽⁴⁾ of $890-$990 per ounce. Barrick's share of full-year production, reflecting 50 percent ownership from July 1, is expected to be 430,000-480,000 ounces of gold.

 

the good: tiefe aisc
the bad: tiefer cashflow
the ugly: acacia  

Goldcorp übertrifft die Analysten-Erwartungen:

http://www.reuters.com/article/us-goldcorp-results-idUSKBN1AB2X1

Die Analysten dürften hier in den nächsten Tagen die Ratings von Hold neu auf BUY und STRONG BUY aufstufen und die Kursziele anheben!

Go GG go!!!

http://www.google.com/finance?q=gg&ei=u4h5WeH6IIKssQH837LoDg  

Alturas Project Update

The Alturas project, located on the border between Argentina and Chile on the El Indio Belt, is a Barrick greenfield discovery with 6.8 million ounces of inferred gold resources (211 million tonnes, grading 1.0 grams per tonne) as of December 31, 2016.⁽¹⁰⁾ We have completed a scoping study for a conventional open pit heap leach operation at Alturas. We believe we can add more value by applying innovative new mining and processing solutions to the project, and through additional reverse circulation (RC) drilling. We are now carrying out further studies to evaluate the feasibility of these potential enhancements. Establishing a more accurate grade model using RC drilling will be one of our objectives for the next drilling season. Our Investment Committee will continue to scrutinize the project as it advances, applying a high degree of consistency and rigor-as we do for all capital allocation decisions at the Company-before further review by Barrick's Executive Committee and our Board of Directors at each stage of advancement.

 

Strategic Cooperation Agreement With Shandong

On June 30, we completed the formation of our strategic partnership with Shandong. The sale of a 50 percent interest in the Veladero mine in San Juan province, Argentina to Shandong Gold Mining Co., Ltd, for $960 million was the first of three steps outlined in a strategic cooperation agreement signed by Barrick and Shandong Gold Group Co., Ltd. on April 6. In keeping with the second step in the agreement, the two companies have also formed a working group to explore the joint development of the Pascua-Lama deposit. As a third step, Barrick and Shandong will evaluate additional investment opportunities on the highly prospective El Indio Gold Belt on the border of Argentina and Chile, home to Pascua-Lama, Alturas, and other projects.

Following the closing of the transaction, senior Shandong leaders traveled to Argentina to kick off the new partnership, participating in town hall meetings and welcome ceremonies with employees at the Veladero mine and San Juan offices. The delegation also met with San Juan Governor Sergio Uñac, San Juan Mining Minister Alberto Hensel, and other provincial and federal government officials. Our first joint venture planning and integration meeting was held on July 11.

 

sollten nicht überschwänglich interpretiert werden,lief doch der Verkauf der Veladro-Anteile in die Bilanz mit ein.Zudem spielte die Fed,mit ihrem verhaltenen Ausblick auf weitere Zinserhöhungen mit.Trotzdem Respekt.Für Daytrader bleibt Barrick im momentanen Umfeld höchst interressant  

Restoring A Strong Balance Sheet

Achieving and maintaining a strong balance sheet remains a top priority. We intend to reduce our total debt from $7.9 billion at the start of 2017, to $5 billion by the end of 2018-at least half of which we are targeting this year. We will achieve this by using cash flow from operations, further portfolio optimization, and the creation of new joint ventures and partnerships. We will continue to pursue debt reduction with discipline, taking only those actions that make sense for the business, on terms we consider favorable to our shareholders.

We reduced our total debt by $309 million in the second quarter, or a total of $487 million year to date. On June 30, the Company completed the sale of a 50 percent interest in the Veladero mine in Argentina to Shandong for $960 million, which will be allocated to debt reduction.

At the end of the second quarter, Barrick had a consolidated cash balance of approximately $2.9 billion.⁽⁵⁾ The Company has less than $200 million⁽⁶⁾ in debt due before 2020. About $5 billion, or two-thirds of our outstanding total debt of $7.4 billion, does not mature until after 2032.

 

Portfolio Optimization

Cerro Casale Joint Venture

On June 9, Barrick completed the sale of a 25 percent interest in the Cerro Casale project in Chile to Goldcorp Inc., resulting in the formation of a new 50/50 joint venture to manage the project. Following the completion of Goldcorp's acquisition of Exeter Resource Corporation, the Joint Venture will control more than 20,000 hectares of land in the Maricunga District, including the Caspiche and Cerro Casale deposits.

Robertson Property Acquisition

On June 8, Barrick completed the acquisition of the Robertson property and other claims in Nevada from Coral Gold Resources. The Robertson property is adjacent to Cortez, located just six kilometers north of the Pipeline mill. If successfully brought into production, ore from the project would provide an additional feed for the Cortez mill, with the potential to extend open pit operations in the Cortez District. Robertson also has processing synergies with the Deep South underground expansion project at Cortez. In addition, the land package contains a number of promising near-mine exploration opportunities, as well potential new exploration targets in this highly prospective and prolific district.

 

Die Pre-Markets für unsere beiden Goldies (Barrick + Goldcorp) sehen nach den gestrigen Quartalszahlen schön aus:

http://www.google.com/...e?q=NYSE%3AABX&ei=AMF5WYCpHMHisAH2rqjgAQ   (Barrick)

http://www.google.com/finance?q=gg&ei=zsN5WcjfAonYswHhk5LYDw   (Goldcorp)

Bin vor allem auf den Conference Call um 16:00h MEZ gespannt (dürfte dem Kurs zusätzlichen Auftrieb verleihen:-)

http://www.goldcorp.com/English/...ence-Call-and-Webcast/default.aspx  

Barrick Gold meldet Quartalszahlen für Q2/17:

Der adj. Gewinn mit 261 Mio. $ war im Rahmen meiner Erwartungen. Positiv hervorzuheben sind die auf 710$/oz gesunkenen AISC! Zum Vergleich: Newmont Mining hatte AISC von 869$/oz Gold. Die Schuldenreduzierung um 309 Mio.$ bewerte ich ebenfalls positiv. Negativ ist die Hängepartie in Tansania mit der dortigen Regierung bezüglich des Exportsbanns von Acacia Mining. Da sollte schnell eine Lösung gefunden werden, mit der beide Seiten leben können. Weiterer negativer Aspekt ist, dass mit dieser Aktion von Magufuli, potenzielle Investoren wohl Abstand von einer Acacia Übernahme nehmen dürften, das Risiko ist hoch, und die Bewertung der 63,9% Beteiligung dürfte auch unter den Unsicherheiten gelitten haben.

Quelle: http://barrick.q4cdn.com/808035602/files/...-Quarter-2017-Results.pdf

Barrick vs. Tansania: http://www.miningweekly.com/article/...-african-gold-miner-2017-07-27

 

Summary

Our portfolio delivered higher gold production and a 10 percent decrease in direct mining costs compared to the prior-year period, resulting in lower cost of sales and all-in sustaining costs for the second quarter. A number of factors contributed to lower cash flow over the same period, including higher cash taxes paid, an increase in working capital, and a planned increase in capital expenditures focused on sustaining and growing the value of our operations over the long term. We expect higher cash flow in the second half of the year as a number of these factors abate.

Lower operating cash flow was primarily due to higher cash taxes paid at Pueblo Viejo. During the quarter we made our final 2016 tax payment in the Dominican Republic, in addition to our first tax payment for 2017. Based on our current estimates, this should result in nominal tax payments at Pueblo Viejo for the remainder of the year. Operating cash flow was further impacted by the concentrate export ban affecting Acacia's operations in Tanzania, an increase in working capital primarily related to leach pad inventories at Veladero, and an increase in exploration, evaluation, and project costs. These decreases were partially offset by higher gold and copper sales volumes and higher copper prices, combined with lower direct mining costs, as described above.

 

Diese kommen schön langsam in eine Situation wo die meisten ihre Hausaufgaben machten - okay es gibt noch einige, die hohe Alt-Schulden ab-bezahlen müssen -, die mittlerweile relativ niedrige AISC haben, die ausreichend cash-flow generieren können, die mehrere Minen in verschiedenen Ländern betreiben und das Risiko damit etwas streuen können.

Was die jetzt noch benötigen ist ein nachhaltig steigender Goldpreis. Denn würden dies Aktien natürlich so richtig durchstarten. Ich erinnere mich noch an 2001/2002 als so etwas das letzte Mal passierte.

 

Financial Highlights

Second quarter net earnings were $1.084 billion ($0.93 per share), compared to $138 million ($0.12 per share) in the prior-year period. This significant increase in net earnings was primarily due to $882 million in gains related to the sale of a 50 percent interest in the Veladero mine, and the sale of a 25 percent interest in the Cerro Casale project.

Adjusted net earnings⁽¹⁾ for the second quarter were $261 million ($0.22 per share), compared to $158 million ($0.14 per share) in the prior-year period. Higher adjusted net earnings were primarily the result of a 10 percent decrease in direct mining costs, driven by lower costs at Barrick Nevada and Pueblo Viejo, higher sales from our low-cost operations at Barrick Nevada, and lower relative sales from Acacia and Turquoise Ridge compared to the prior-year period. Higher gold and copper sales volumes and higher copper prices also contributed to stronger adjusted net earnings. This was partially offset by an increase in tax expense, higher depreciation, and an increase in exploration and evaluation costs.

Significant adjusting items (pre-tax and non-controlling interest effects) in the second quarter of 2017 include:

• $689 million in a gain relating to the sale of a 50 percent interest in the Veladero mine;

• $193 million in a gain relating to the sale of a 25 percent interest in the Cerro Casale project; partially offset by

• $32 million in foreign currency translation losses primarily related to the devaluation of the Argentine Peso on VAT receivables; and

• $26 million in losses on debt extinguishment.
  

Operating cash flow was $448 million, compared to $527 million in the second quarter of 2016. Lower operating cash flow was primarily due to higher cash taxes paid at Pueblo Viejo. During the quarter we made our final 2016 tax payment in the Dominican Republic, in addition to our first tax payment for 2017. Based on our current estimates, this should result in nominal tax payments at Pueblo Viejo for the remainder of the year. Operating cash flow was further impacted by the concentrate export ban affecting Acacia's operations in Tanzania, an increase in working capital primarily related to leach pad inventories at Veladero, and an increase in exploration, evaluation, and project costs. These decreases were partially offset by higher gold and copper sales volumes and higher copper prices, combined with lower direct mining costs, as described above.

Free cash flow⁽²⁾ for the second quarter was $43 million, compared to $274 million in the second quarter of 2016. The decrease primarily reflects higher capital expenditures, combined with lower operating cash flows. On a cash basis, capital expenditures for the second quarter were $405 million, compared to $253 million in the second quarter of 2016. This primarily reflects a planned increase in minesite sustaining capital expenditures at Barrick Nevada, relating to higher capitalized stripping costs and the timing of minesite sustaining projects in the current period, as well as greater spending at Veladero relating to phase 4B and 5B of the leach pad expansion and equipment purchases. The increase in capital expenditures also includes a $31 million increase in project capital, primarily at Barrick Nevada. This includes the Robertson property acquisition, development of Crossroads and the Cortez Hills Lower Zone, and the Goldrush project, partially offset by a decrease in pre-production stripping at the Arturo pit, which entered commercial production in August 2016. These increases reflect high-confidence investments in our most attractive opportunities to sustain and grow the value of our operations over the long term.

 

Operating Highlights And Outlook

Barrick produced 1.432 million ounces of gold in the second quarter at a cost of sales⁽³⁾ of $726 per ounce. This compares to 1.340 million ounces at a cost of sales⁽³⁾ of $836 per ounce in the prior-year period. After removing non-controlling interests, cost of sales declined by 13 percent on a per-ounce basis compared to the second quarter of 2016, primarily driven by a 10 percent reduction in direct mining costs, and higher ounces sold.

All-in sustaining costs⁽⁴⁾ in the second quarter were $710 per ounce, compared to $782 per ounce in the second quarter of 2016. A nine percent reduction in all-in sustaining costs was primarily driven by lower cost of sales per ounce, combined with lower general and administrative expenses, partially offset by an increase in minesite sustaining capital expenditures. Cash costs⁽³⁾ also decreased by 18 percent, from $578 per ounce in the second quarter of 2016, to $474 per ounce in the second quarter of 2017.

We continue to expect full-year gold production of 5.3-5.6 million ounces, at a cost of sales⁽³⁾ of $780-$820 per ounce, and all-in sustaining costs⁽⁴⁾ of $720-$770 per ounce. This does not include any revisions to Acacia's annual output as a result of the export ban on concentrates currently impacting Acacia's operations (see "Tanzania Concentrate Export Ban Update" on below for additional details). We expect production for the remainder of the year to be weighted towards the fourth quarter. Based on sales mix and our current expectations for the timing of capital expenditures, we expect costs to be higher in the third quarter.

The Company produced 104 million pounds of copper in the second quarter, at a cost of sales⁽³⁾ of $1.85 per pound, and all-in sustaining costs⁽⁷⁾ of $2.38 per pound. This compares to 103 million pounds, at a cost of sales⁽³⁾ of $1.43 per pound, and all-in sustaining costs⁽⁷⁾ of $2.14 per pound in the second quarter of 2016.

Cost of sales applicable to copper increased by 28 percent compared to the prior-year period, primarily due to higher depreciation expense, and higher power and processing costs at Lumwana. Copper all-in sustaining costs, adjusted to include our proportionate share of equity method investments at Zaldívar and Jabal Sayid, were 10 percent higher in the second quarter. This primarily reflects the higher cost of sales applicable to copper combined with higher minesite sustaining capital expenditures at Jabal Sayid, which only began incurring sustaining capital expenditures upon entering commercial production in July 2016, as well as higher capitalized stripping at Lumwana.

 

Gucke bitte mal ob du bei den beiden Charts parallelen siehst...

Gold  

auf die Übersetzung am WE....neben deinen Analysen.... ;-))

Gruß