Articles Tagged "Barrick Gold"

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.