Tag: Barrick Gold Corp

Eldorado (NYSE:EGO), Yamana (NYSE:AUY), Novagold (AMEX:NG) Surge on Record Gold Prices

Eldorado Gold Corp Ltd (NYSE:EGO), Yamana Gold, Inc. (NYSE:AUY) and Novagold Resources Inc (AMEX:NG) are participating in the broad gold market, as gold prices today soar to new levels, reaching over $1,380 an ounce.Major gold miners like Freeport-Mcmoran (NYSE:FCX), Goldcorp (NYSE:GG) and Barrick Gold (NYSE:ABX) all moved up today as well.Eldorado was trading at $18.98, gaining $0.47, or 2.54

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Barrick Gold’s Q3 Profit, Revenue Beat View on Higher Gold Prices (ABX)

Barrick Gold’s Q3 Profit, Revenue Beat View on Higher Gold Prices (ABX)

Gold producer Barrick Gold Corporation ( ABX ) on Thursday posted better-than-expected third quarter earnings results, aided by sharply higher gold selling prices. (more…)

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Marc Faber Likes Ivanhoe (NYSE:IVN), Barrick (NYSE:ABx), Novagold (NYSE:NG), Gold Fields (NYSE: GFI), Newmont (NYSE:NEM)

Marc Faber, the contrarian investor and the real Dr. Doom of the marketplace, has been pushing the value of investing in gold for a number of years. He recently named the gold miners he likes at this time, which are Ivanhoe Mines (NYSE:IVN), Barrick Gold (NYSE:ABx), Novagold (NYSE:NG), Gold Fields (NYSE:GFI), Newmont Mining(NYSE:NEM), Gabriel Resources (TSE:GBU), Centamin Egypt (TSE:CEE) and

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Gold Prices Today Pick Up After Noon

Gold prices today plummeted in morning trading, as on the Comex division of the New York Mercantile Exchange they dropped to as low as $1,341.10.Spot gold also rebounded to surpass the $1,350 an ounce mark, also dropping to almost $1,340 earlier in the trading session.Major gold miners like Barrick Gold (NYSE:ABX), Newmont Mining (NYSE:NEM) and Goldcorp (NYSE:GG) were all still down at about 1:00

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Barrick (NYSE:ABX), Ivanhoe (NYSE:IVN), Eldorado (NYSE:EGO), Agnico (NYSE:AEM) Rise with Surging Gold Prices

The jobs report in the U.S. showing further terrible results have gold prices today jumping and gold miners rising with them. Barrick Gold (NYSE:ABX), Ivanhoe Mines (NYSE:IVN), Eldorado Gold and (NYSE:EGO) and Agnico-Eagle Mines (NYSE:AEM) are all in positive territory in anticipation of the inevitable inflationary move by the Federal Reserve, which will pump more money into the American

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Barrick (NYSE:ABX) Finishes Sale of Osborne Mine to Ivanhoe Australia (ASX:IVA)

Mining giant Barrick Gold (NYSE:ABX) has finished its sale of the Osborne copper/gold mine, based in Queensland, to Ivanhoe Australia (ASX:IVA). Ivanhoe Australia CEO Peter Reeve said, “The acquisition of the Osborne copper/gold operation has fundamentally altered Ivanhoe Australia’s development path and will allow us to become a significant base-metals producer much earlier than we originally

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Goldcorp (NYSE:GG), Yamana (NYSE:AUX), Barrick (NYSE:ABX), Extorre (TSE:XG) and Argentine Glacier Law

The new glacier law in Argentina, which was approved by the Argentine Senate, and which President Cristina Fernandez has said she will sign, has generated some concern for the mining industry, especially gold miners in the country. Fortunately, most of this is posturing and show, as very little in the way of mining will be affected by the law, either now or in the future. Companies with

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Gold Prices Today Explode to Record High on Weak Economic News

The price of gold today exploded to another record high as weak economic news out of Europe reinforced the extremely fragile and weak global economy. Another factor may have been the weaker U.S. dollar, but the hype of a global recovery after a couple of reports focused on by mainstream media wasn’t believed, and the pent-up fears and concerns are pouring out toward gold again; primarily being

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Time to Invest in NovaGold (AMEX:NG)?

Novagold (AMEX:NG) has a lot going for it from several angles, including the undeveloped resources they own, partners, and major investors. As far as resources go, especially gold and copper, they hold some of the largest undeveloped deposits among miners. They also enjoy deposits of numerous other metals like silver and zinc. Expectations are the cost to develop the assets will be about $4

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Barrick (NYSE:ABX), Agnico-Eagle (NYSE:AEM) See $1,400 Gold

After solid earnings for the second quarter were reported by Barrick Gold (NYSE:ABX) and Agnico-Eagle (NYSE:AEM), executives at both companies said they see gold going to $1,400 an ounce by the end of 2010.Agnico CEO Sean Boyd said this in an interview concerning how people are viewing gold at this time:“I think a lot of people are jumping to the conclusion that it’s over, it’s run its course.“

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NovaGold (AMEX:NG) Losses Three Times Worst Than Last Year

NovaGold (AMEX:NG) (TSE:NG) had a poor second quarter, with losses coming in at $15.8 million, over three times the $4.8 million in losses last year.Revenue for the quarter also plunged, dropping to only $100,000, down from $300,000 in the same quarter last year. The company said that was due to declining gravel and land sales. Losses came in at seven cents a diluted share for the latest quarter

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Newmont (NYSE:NEM), Barrick (NYSE:ABX), Goldcorp (NYSE:GG) End Week on the Upside

The major gold miners ended the week and trading session on a high, after a poor showing early in the week, although Barrick Gold (NYSE:ABX) and Goldcorp (NYSE:GG) were more volatile than Newmont Mining (NYSE:NEM), which had a nice upward move since Wednesday, as did some of the smaller miners.Newmont broke their all-time high on Friday, which had formerly been reached in February 2006, when they

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