Articles Tagged "Barrick Gold"

Mining Investor Digest: Key Issues in Financial Reporting and Analysis for Mining

This series of articles aims to highlight relevant characteristics of accounting for mining, thereby helping readers with no formal training or background in accounting gain a better understanding of financial reporting in mining.

Stocks Soar as Gold Breaks $1,260

Gold stocks were on a tear Thursday morning as the yellow metal broke $1,260 following the Swiss National Bank's decision to remove a cap on the Swiss franc. The surprise move, which essentially decouples the currency from the euro, sent the euro and dollar dropping against the Swiss franc, and has boosted demand for gold as a safe haven.

Barrick Announces Appointment of Pascua-Lama Project Director

Barrick Gold (TSX:ABX,NYSE:ABX) has appointed Sergio Fuentes for its long delayed Pascua-Lama project in Argentina. Mr. Fuentes most recently served as vice president of projects for Codelco. The company will proceed with the project only if it meets minimum return on investment thresholds.

More Mergers Needed to Improve Gold Space, Fidelity Investments

Bloomberg reported that Joe Wickwire, who manages more than $1.8 billion of assets including the Fidelity Select Gold Portfolio, stated that more mergers in the gold space would help improve the industry overall. He said that combining companies could "help eliminate their respective unprofitable operations," while stronger producers could pick up high-quality assets held by weaker companies.