Barrick Gold (TSX:ABX, NYSE:ABX) is discussing selling two more of its Australian gold mines, according to its CEO, The Globe and Mail reported.
Articles Tagged "Barrick Gold"
Here are five companies mining the precious metal Down Under.
The renowned exploration geologist offers some hope for junior gold investors who are willing to be patient.
The chickens are coming home to roost for some major gold companies that are having to take significant hits on asset valuations.
Gold's rally early in the week lost steam as the US dollar rose and oil fell.
The Grasberg mine in Indonesia, the Yanacocha mine in Peru and the Goldstrike mine in Nevada are the three largest gold mines in the world.
Gold approached $1,300 an ounce Thursday following remarks from US Fed Chair Ben Bernanke suggesting a continuation of the central bank's stimulus program.
All eyes are on the US jobs report coming Friday for signs of if, or when, quantitative easing could taper.
Investors continued to dump the stock after Barrick announced a delay at Pascua Lama and a writedown of as much as $5.5 billion.
Continued concerns about the tapering of quantitative easing brought gold down to its lowest level in nearly three years this week.