African Barrick Gold

When gold is not safe !!

When gold is not safe !!

SHARE prices of gold mining companies across the globe took a dive Monday after prices for the precious metal plummeted for a second straight day. The plunge of gold prices news has been resounding around the world in recent weeks   Exchange-traded funds were dumping their gold holdings amid a more pessimistic outlook for gold, which […]

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African Barrick Gold (LSE:ABG) Becoming a Disaster

African Barrick Gold (LSE:ABG), the spin-off from Barrick Gold (NYSE:ABX), is becoming a disaster, as poor management and what appears to be a grossly incompetent human resources department are causing the company to lower production forecasts for the second time in the last 60 days or so. The inability to protect their assets and hire good people has caused the gold miner to lower their gold

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David Einhorn Adds African Barrick Gold (LON:ABG), Increases Gold Exposure

David Einhorn, hedge fund manager of Greenlight Capital, said he’s increasing his exposure to gold, and has bought African Barrick Gold (LON:ABG) shares, primarily because they’re lower priced than other miners.Einhorn recently said at an investment meeting of Greenlight Capital, that ‘We tend to think of gold as a currency, I think there’s going to be a lot of inflation.” Citing the sovereign

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Barrick Gold (TSE:ABX) Gets $887 Million in IPO

Filed in African Barrick Gold, Barrick Gold, Barrick IPO, Gold, silver by on March 23, 2010 0 Comments

Barrick Gold IPO Results for Africa Barrick Gold While it was a little disappointing and on the low end of what they had hoped for, Barrick Gold (TSE:ABX) raised $887 million in their spinoff of their African buinsess named African Barrick Gold. Barrick was able to sell 101 million shares in the new company for 575 pence each. The high end of what they had hoped for would have brought them 650

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Barrick Gold (NYSE:ABX) Prices African Barrick Spinoff

Filed in African Barrick Gold, Barrick Gold, Barrick IPO, Gold, silver by on March 19, 2010 0 Comments

African Barrick IPO Barrick Gold (NYSE:ABX) announced it will sell shares in African Barrick Gold spinoff for $8.70 each or 5.75 British pounds. Barrick will sell approximately 101 million common shares in the offering, which at the above price will generate about $834 from the IPO. They will retain a 75 percent stake in African Barrick Gold. The reason for creating African Barrick was to get

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