Gold mining companies have had more in common with struggling S&P 500 than with the safe haven metal, though this may change in the near future.
Articles Tagged "TSE:ABX"
The Street reported that higher gold prices helped increase Barrick Gold's (TSE:ABX) net income by 35% this quarter.
Advancements in satellite imagery have made it easier for explorers to collect vast amounts of data on potential gold deposits.
"Mongolia has finally arrived on the global mining scene," investment banker Bold Baatar recently told a delegation of mining executives attending a conference in the capital Ulan Bator. "Over the next five to 10 years we are going to produce a world class mining industry that will rival Chile or Brazil."
Traditionally, money managers occupied in more generalized investment mandates often ignore precious metals and dismiss gold. Finding a gold fund that invests in gold is relatively easy, but finding a prominent hedge fund that is heavily predisposed to investing in gold is indeed a more rarified jewel.
Reuters Africa reported on a lawsuit between Barrick Gold (TSE:ABX) and Goldcorp (TSE:G).
Barrick Gold Corporation (NYSE:ABX,TSE:ABX) announced it has sold $4 billion in debt securities.
Intrusion-related gold systems, or IRGS, are an important source of gold. They are a new classification of gold deposits, although they have been recognized for some time, it is only over approximately the last 10 years that the have been formally named, and characterized.
In February the Sprott Gold and Precious Minerals Fund was awarded the prestigious 1 year award for the precious metals fund category at the Lipper Fund Awards. The fund's previous accolades included the Globefund top Precious Metals Equity Fund in Canada for annualized return since inception in 2006.