Barrick Gold Corporation

Blow to TVX in Greece casts pall over market

The final day of the Feb. 27-March 5 report period saw the Bank of England dump another 643,200 oz. gold on the open market. The bank’s latest auction fetched US$296.50 for every ounce sold and was 3….




Northern Miner Indices (March 04, 2002)

NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Minin…



Getchell mine pushes Placer into red

Vancouver — Placer Dome (PDG-T) posted a US$29-million profit during the fourth quarter of 2001, but US$301 million in writedowns pushed the company US$133 million into the red for the year.Quarterly…


Newmont now the biggest on the block

Ushering in a new era in gold mining, Newmont Mining (NEM-N) has taken control of Normandy Mining (NDY-T) and merged with Franco-Nevada Mining to overtake AngloGold (AU-N) as the world’s larges…


Barrick to halve hedge book

With fewer writedowns and a merger under its belt, Barrick Gold (ABX-T) finished 2001 with modest earnings in contrast to the loss it took in 2000. But the big gold producer had other news to deliver:…


Two hedgers get new look

Barrick Gold’s recent announcement that it will sell half its gold at spot rates didn’t take many by surprise, even though it had the same ring as an archbishop voicing doubts about the Resurrection. …


Northern Miner Indices (February 25, 2002)

NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mining…


Central bank selling pricks ears of producers

The issue of central bank selling resurfaced during the Feb. 13-19 report period, after Germany revealed its intention to unload some of its reserves.On Feb. 19, Bundesbank President Ernst Welteke tol…


Great Basin boosts Ivanhoe (February 18, 2002)

Vancouver — The jump in the price of the yellow metal has prompted Great Basin Gold (GBG-V) to increase the net present value forecast for the Ivanhoe property in Nevada’s Carlin trend.Based on the c…


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