Surging Gold Prices Take Barrick Gold’s Profits To Record Highs
Forbes reports on Barrick Gold's (TSE:ABX) fourth quarter earnings that surpassed Wall Street’s expectations on surging gold prices.
Articles Tagged "TSE:ABX"
Gold Mining in Nevada
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.
Striking Gold in Tanzania
Tanzania is the third largest producer of gold in Africa after South Africa and Ghana and is also well known for the Tanzanite gemstones. In addition to gold, the country has expansive amounts of natural resources including gas, uranium, diamonds, coal, iron ore, nickel, copper, chrome, tin, platinum, coltan, niobium, kaolin and other minerals.
Western Australia Gold Rush
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.
New Guinea, New Gold
According to United States Geological Survey base estimates, Papua New Guinea has approximately 20 percent more extensive gold resources than Canada. Last year, gold production for the nation was only 65 percent of the total extracted in Canada. Projects in the area may be worthwhile for opportunistic bullish investors as demand for gold has recently pushed its price beyond the much vaunted $1300 per ounce threshold.
Gold Mining in Australia
Australia is home to approximately 10 percent of world economic gold resources and is ranked third after South Africa and the USA. It is also the world's third largest producer.
Alaska Gold Rush Renaissance
The Alaska government’s direct support through incentives, information, and technical support provides a valuable asset for gold mining companies active in mineral development and overall investment prospects.
Gold Assets in Argentina
Recent headline news features a bidding war between several producers for a lucrative gold venture in Argentina; however, this may only represent the tip of the iceberg for potential gains to investors in one of the richest metalliferous mineral areas in South America.
Gold Mining and Exploration in Mexico
Investors will know it best for its production of silver, with over 10 billion ounces mined; however, Mexico is also abundant in quantities of gold, copper, lead and zinc. Mexico’s ever-expanding gold mining industry is well positioned for a strong year in 2010, with output expected to increase by an additional 880,000 ounces to nearly 2.5 million ounces, representing an approximately 50 percent increase over 2009’s projected figures.
The Geology of The Carlin Trend
Nevada is home to the Carlin Trend, North America's most prolific gold-producing area and the second-largest known gold resources in the world after the Witwatersrand in South Africa.
