Barrick Gold Corporation (TSX:ABX, NYSE:ABX) is the largest pure gold miner in the world. Barrick operates mines in 13 countries on four continents and produced 7.42 million ounces of gold in 2012. The forecast for 2013 is between 7 and 7.4 million ounces.
Gold prices have risen sharply but gold miners' shares haven't kept pace. Some argue the gap is set to close.
Traditionally, money managers occupied in more generalized investment mandates often ignore precious metals and dismiss gold. Finding a gold fund that invests in gold is relatively easy, but finding a prominent hedge fund that is heavily predisposed to investing in gold is indeed a more rarified jewel.
The Street reported on ramp-up plans for gold production by major mining companies.
Increased mergers and acquisitions (M&A) activity is expected to be a big driver of gains in junior gold mining shares.
By Kishori Krishnan Exclusive To Gold Investing News Gold miners are adding to their reserves. And fast. Given the strong metal prices, precious metal miners are using their cash flow from existing operations to pay for new acquisitions. Especially Vancouver-based miners, who are now aggressively pursuing growth projects. Most have realized one thing – that [...]
By Kishori Krishnan Exclusive To Gold Investing News The price of gold has touched an all-time high for a third consecutive day – after a continued decline in the dollar kept it attractive to investors. Gold reached $1,058 an ounce on Thursday, powering past Wednesday’s high of $1,048.4. On Tuesday, it passed the $1,033.9 an [...]
Barrick Gold of North America’s Ruby Hill Mine has celebrated the production of a million ounces of gold. For full story, click here
Barrick Gold Corp. declared a stronger-than-expected quarterly net profit on Thursday, giving its shares a boost, while the company’s chief executive forecast lower mining costs in the quarters ahead. For full story, click here
Barrick Gold Corp. declared a stronger-than-expected quarterly net profit on Thursday, giving its shares a boost, while the company’s chief executive forecast lower mining costs in the quarters ahead. For full story, click here
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