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giovedì 6 agosto 2015

Els: Barrick making plans for $900 an ounce gold price



Mining.com - Barrick making plans for $900 an ounce gold price
Frik Els | August 5, 2015 

(...) the world's largest in terms of output, cut its dividend by 60%

Barrick's market value is down 50% over the last three months and is now worth some $8 billion in New York. That compares to a $64 billion capitalization when gold was at $1,900 in 2011 (un ottavo. Er) (...)
  • Company reported a net loss of $9 million ($0.01 per share) in the second quarter; adjusted net earnings were $60 million($0.05 per share).
  • Free cash flow was $26 million and operating cash flow was $525 million.
  • Production in the second quarter was 1.45 million ounces of gold at all-in sustaining costs (AISC) of $895 per ounce.
  • Full-year gold production is now expected to be 6.1-6.4 million ounces, reflecting the impact of asset sales.
  • All-in sustaining cost guidance for 2015 has been reduced to $840-$880 per ounce.
  • Total debt reduced by approximately $250 million in first half.
  • $2.45 billion in asset sales and joint ventures announced to date.
  • Targeting $2 billion in reduced expenditures across the company by the end of 2016.
  • Capital and other expenditures reduced by $240 million in the second quarter.
  • Lowered quarterly dividend to two cents per share. (un 1% circa lordo .. Er)
  • Scenario planning completed for gold prices down to $900 per ounce.
eccetera, vedi tutto QUI

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