Selling gold that has yet to be mined to lock in a fixed price – a practice used by mining firms that went out of vogue as prices surged – may make sense for them again after a more than 20 percent drop in prices this year. 503 more words
Tags » Barrick Gold Corp.
Barrick Gold Corp. will name Ned Goodman, a veteran Canadian money manager, as a director and appoint James Gowans, a former De Beers Canada chief executive, as its new chief operating officer, Dow Jones reported late on Tuesday, quoting a person familiar with the matter. 210 more words
Barrick Gold Corp.’s planned $3-billion equity issue could be a sign of financial prudence or it could point to weaker-than-expected 2014 results.
The miner’s cost overruns and 2011 purchase of Equinox Minerals Ltd. 326 more words
TORONTO – The world’s largest gold mining company has decided to temporarily suspend construction of its troubled Pascua-Lama gold mine that straddles the border between Chile and Argentina. 121 more words
A change in the way ratings agency Standard & Poor’s accounts for a novel type of mining project funding may drive big miners away from this cash source at a time when fundraising is already tight. 869 more words