|
|
 |
|
Viewing report
|
|
|
|
Barrick Gold Assigned 'A' Corp Cred Rtg by S&P; Outlk Stable Apr 97
Standard & Poors, April 1997
Abstract
NY -- Standard & Poor's CreditWire 4/14/97 -- Standard & Poor's today has assigned its single-'A' corporate credit rating to Barrick Gold Corp., as well as other ratings (listed below). The outlook is stable. The ratings reflect Barrick's position as one of the world's largest and lowest cost gold producers, with annual production of more than three million ounces and cash operating costs of $193 per ounce. Barrick also has one of the largest gold reserve bases, with proven and probable reserves of 51.1 million ounces, equating to an approximate mine life of 15 years. Barrick's production base has become increasingly geographically diversified, with 10 producing mines located on three of the world's major gold belts -- the Carlin Trend...
Companies mentioned in this report are: Barrick Gold Corp.
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
