Abx, Pink:orfg, & Gg: Barrick Gold Reports A Quarterly Dividend Of Us12 Cents Per Share
Barrick Gold Corporation (NYSE:ABX)
Barrick Gold Corporation is the gold industry leader, with interests in 26 operating mines and a pipeline of projects located across five continents, in addition to large land positions on some of the most prolific mineral districts.
Barrick Gold reported today that its Board of Directors has authorized a quarterly dividend of US12 cents per share, which represents a 20% increase from the previous dividend(1).
With Barrick's strong financial position and its positive outlook on the gold price, the Company is able to continue to make high return investments in its project pipeline and at the same time increase its dividend. As the gold price has increased in the last five years, Barrick has increased its dividend by about 120%.
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Orofino Gold Inc (Pinksheets: ORFG.PK) is a precious metals acquisition, exploration, and development company thats offering investors a golden opportunity.
When the dollar is devalued, the price of gold goes up as this metal becomes a safe haven for traders. Orofino Gold Corp. knows the value of gold in todays economy and has recently signed an option agreement to acquire several properties in Colombia, a current hot spot of gold production.
Results from mineralized and un-mineralized material samples, as well as selected representative samples collected from its Colombian projects that ran higher than expected in gold, silver and copper, give the precious metals acquisition, exploration, and development company four very strong targets and two extremely rich structures to target for gold and copper. Orofino will now implement an airborne magnetometer program, as well as begin site preparation for the diamond drilling planned to take place in the second quarter of 2010.
ORFG is a precious metals acquisition, exploration, and development company.
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GOLDCORP INC. (TSX: G, NYSE: GG)
Goldcorp is a leading gold producer engaged in gold mining and related activities including exploration, extraction, processing and reclamation. The Companys operating assets include the Red Lake, Porcupine and Musselwhite gold mines in Canada, Peasquito, Los Filos, El Sauzal, and San Dimas gold/silver mines in Mexico, the Marlin mine in Guatemala, the Marigold mine (67% interest) and Wharf mine in the United States and the Alumbrera mine (37.5%) in Argentina.
Goldcorp is North Americas fastest growing senior gold producer. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged.
GOLDCORP INC. has recently reported increased gold production of 609,500 ounces for the second quarter which combined with higher realized gold prices to drive record operating cash flow of $382.6 million. Reported net earnings attributable to shareholders of Goldcorp in the quarter were $828.3 million compared to a net loss of $231.6 million in the second quarter of 2009. Adjusted net earnings1 were $198.8 million, or $0.27 per share, compared to $99.2 million, or $0.14 per share, in the second quarter of 2009.
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