Gold companies enjoyed a lift from gold price gains on Wednesday, although some of that was given up Thursday with the release of positive US employment data.
Articles Tagged "Barrick Gold"
Mining Weekly reported that Barrick Gold has reached an agreement in principle with the Dominican Republic in regards to the lease for Pueblo Viejo.
Cost inflation, combined with a lower gold price, is forcing major producers to make some hard decisions.
Goldcorp is sticking to its plan of increasing production while gradually bringing costs under control, the world's largest gold miner by current market value said Thursday in response to a negative earnings report.
Gold came roaring back this week, retracing about half of the losses it sustained on April 15.
Nevada is one of the world's most productive gold regions, and juniors are busy aiming to extend that legacy.
Bloomberg reported that Barrick Gold Corp.'s founder Munk is seeking help from former Goldman Sachs Group Inc. President John Thornton as they attempt to turn their company around.
Bloomberg reported that troubled gold miner Barrick Gold is considering the sale of three of their gold mines.
The Financial Post reported that the halting of production at Barrick Gold Corp.'s (TSX:ABX,NYSE:ABX) Pascua-Lama mine is continuing to cause problems for the company, with JPMorgan Chase & Co. (NYSE:JPM) downgrading the company's stock.
Bloomberg reported that Barrick Gold was on track to post its biggest decline in four years in Friday trading, as investors reacted to the halting of the Pascua-Lama project.