Gold – Gold was on a winning streak, last week reaching a six-month high. But its gains were not to last — the yellow metal has steadily been shedding any progress it made.
Articles Tagged "TSX:ABX"
Gold – Shaking off last week's flat performance, gold rose steadily this week, pushed up in large part by the escalating Ukraine situation and concern about China's economy.
Gold – Mineweb reported that Barrick Gold Corp. (TSX:ABX,NYSE:ABX) has sold 13.5 percent of its holdings in African Barrick Gold plc (LSE:ABG) to institutional investors. Previously, the company had tried to sell all of its African Barrick stake.
Gold – Bloomberg reported yesterday that according to Jamie Sokalsky, CEO of Barrick Gold Corp. (TSX:ABX,NYSE:ABX), his company may continue to sell assets in order to improve its profitability.
Gold – Bloomberg reported that according to Barrick Gold Corp. (TSX:ABX,NYSE:ABX), Goldcorp Inc. (TSX:G,NYSE:GG) and Newmont Mining Corp. (NYSE:NEM), global gold output is set to decline, largely because miners have cut spending and revised their mining plans.
Gold – Barrick Gold Corp. (TSX:ABX,NYSE:ABX) announced its results for both the fourth quarter of 2013 and 2013 as a whole, commenting that in Q4 it incurred a net loss of $2.83 billion, or $2.61 per share, including after-tax impairment charges of $2.82 billion.
Gold – Reuters reported that the closure of the Super Pit gold mine, which is operated by Kalgoorlie Consolidated Gold Mines Pty Ltd. on behalf of Barrick Gold Corp. (TSX:ABX,NYSE:ABX) and Newmont Mining Corp. (NYSE:NEM), has been delayed until 2029.
Gold – Silver Standard Resources Inc. (TSX:SSO,NASDAQ:SSRI) announced plans to purchase the Nevada-based Marigold gold mine from subsidiaries of Goldcorp Inc. (TSX:G,NYSE:GG) and Barrick Gold Corp. (TSX:ABX,NYSE:ABX) for $275 million.
Gold – Dovish comments from the incoming Fed chair gave gold a lift today and yesterday.
Silver – This week, silver prices were brought down by a policy statement from the US Federal Reserve, while silver streaming company Silver Wheaton was hurt by negative news about Barrick Gold's Pascua-Lama project.