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Barrick Gold Completes $150 Million Private Placement Agreement
Barrick Gold has entered into a Securities Purchase Agreement with TPM, S.A. de C.V. for a total of 3,370,787 shares of common stock at $44.50 per share, reflecting an 11.9% discount to the recent average market price. The transaction is part of a $150 million private placement and will be executed in two tranches, with the first tranche of 2,840,449 shares already purchased for $126.4 million, and a second tranche of 530,337 shares to follow, pending regulatory approval.
Additionally, an Investor Rights Agreement allows TPM to nominate a board member as long as it holds at least 5% of the company's shares. TPM has also agreed to a Lock-Up Agreement, restricting the sale or transfer of its shares for 90 days. The company plans to use $20 million of the proceeds to acquire a gold-backed stablecoin, XAU₮, and is negotiating further agreements related to gold lending and storage with TPM.
linkFeb 09, 2026 16:45:39
Barrick Gold Reports Significant Revenue Growth and Dividend Announcement
Gold.com, Inc. reported substantial financial results for its fiscal second quarter ended December 31, 2025, with revenues increasing by 136% to $6.477 billion compared to the same quarter the previous year. The company achieved a net income of $11.6 million, translating to earnings of $0.46 per diluted share, which is a significant rise from $6.6 million or $0.27 per diluted share in the same period last year. The increase in revenues was driven by higher average selling prices of gold and silver, as well as an increase in gold ounces sold, despite a decrease in silver ounces sold. The company also highlighted its recent rebranding to Gold.com and the acquisition of Monex Deposit Company, aiming to enhance its market presence and operational efficiency.
In addition to strong revenue growth, Gold.com announced a quarterly cash dividend of $0.20 per share, consistent with its existing dividend program. The dividend will be payable on March 4, 2026, to stockholders of record as of February 20, 2026. The company noted a 128% increase in selling, general, and administrative expenses due to higher compensation and advertising costs, which may impact future profitability. Overall, the company is focused on optimizing its expense structure and leveraging synergies from recent acquisitions to drive long-term value for shareholders.
linkFeb 05, 2026 18:57:39