Barrick Has ‘No Cause’ for Concern on Equinox Takeover Talks
Bloomberg reported that Zambia’s mines minister said Barrick Gold (NYSE:ABX) should not be concerned about the conditions of its takeover bid for Equinox (TSE:EQN).
Bloomberg reported that Zambia’s mines minister said Barrick Gold (NYSE:ABX) should not be concerned about the conditions of its takeover bid for Equinox (TSE:EQN).
Barrick Gold Corporation (NYSE:ABX,TSE:ABX) announced that conditional authorization for the company to acquire shares of Equinox (TSE:EQN) has been received.
Bloomberg reported that risk of flooding has forced Barrick Gold (NYSE:ABX) to evacuate a gold project in the Dominican Republic.
CNBC News reported that higher copper and gold prices boosted profits for Barrick Gold (NYSE:ABX).
Mesothermal veins are known for their large size and continuation to depth, and therefore, are a major source of the world’s gold production.
American Bonanza Gold Corp. (TSE:BZA) reports it has acquired interest in Iskut JV property from Barrick Gold (TSE:ABX,NYSE:ABX).
Following African Barrick Gold's rocky start going public, the company has reported higher-than-expected earnings in its first year, despite a decline in production.
Nevada is ranked as the fourth largest producer of gold in the world. The state produces approximately 79 percent of all the gold mined in the United States, totaling 175 tonnes in 2009.
About 60 percent of Australia’s gold resources are located in Western Australia, with the remainder in all other States and the Northern Territory. According to USGS estimates, Australia hosts approximately 11 percent of the world’s economic gold resources and is ranked second after South Africa.
Reuters reports that Barrick Gold (TSE:ABX, NYSE:ABX) announced a 75 percent increase in operating profit.
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