Barrick finds Saudi partner for stalled Jabal Sayid project
VANCOUVER — Saudi Arabian Mining Co. is buying a 50% stake in the Jabal Sayid copper project from Barrick Gold (TSX: ABX; NYSE: ABX) for US$210 million.
Barrick Gold Corporation
Barrick CEO Sokalsky stepping down
Barrick Gold’s (TSX: ABX; NYSE: ABX) president and CEO Jamie Sokalsky will be leaving his post in September, as part of a management shakeup whereby the major gold producer is axing its CEO role and naming two executives as…
Editorial: Barrick goes CEO-less, doubles down on presidents
Three months after Peter Munk’s retirement from Barrick Gold, we’re already getting a look at the post-Munk Barrick, and the picture is volatile and a little strange.
U.S. equities surge, June 16-20
The U.S. Federal Reserve’s latest suggestion that it would keep interest rates low seemed to outweigh concerns about the renewed turmoil in Iraq, sending the Dow Jones Industrial Average and the S&P 500 Index to record highs. The…
Annual mining profits tumble 72% to lowest point in a decade
VANCOUVER — It’s no secret that 2013 was a rough year in the mining business, but PwC’s eleventh annual global trends analysis — entitled Mine 2014: Realigning Expectations — shed some light how just how grim…
Commentary: Copper price rises on supply worries
These are interesting times for copper investors. Concerns on the supply side, questions over sustained demand due to sluggish global economic growth and a forward curve that defies the normal contango situation are some of the major issues…
Barrick inks deal with locals at Pascua-Lama
VANCOUVER — In the first step of what would be a long road to reconciliation, Barrick Gold (TSX: ABX; NYSE: ABX) has signed an initial agreement with most of the indigenous groups in Chile that oppose the company’s suspended…
Barrick’s Arturo project gets go ahead from BLM
It took nearly five years, but the Bureau of Land Management has issued a positive record of decision (ROD) on the final environmental impact statement (EIS) allowing Barrick Gold (TSX: ABX; NYSE: ABX) to restart and expand a past-producing…
Newmont sells Jundee mine in Australia to Northern Star
VANCOUVER — It’s no secret that Newmont Mining (NYSE: NEM) is looking to monetize its non-core assets, and that process has taken another step with the all-cash sale of the company’s Jundee underground gold mine, 45 km…
TSX falls with miners and gold, May 5-9
The S&P/TSX Composite Index was down 223 points to 14,534.06 for the period, as the loonie fell on weak jobs numbers and worries that sluggish economic growth could persist.
Midway Gold pushing Pan towards production in Nevada
Midway Gold (TSX: MDW; NYSE-MKT: MDW) has a lot on its plate — it’s almost a wonder it finds the time to release its first-quarter financials.
Barrick’s Peter Munk defends successor John Thornton
During his farewell speech to shareholders at the company’s annual meeting on April 30, Barrick Gold’s (TSX: ABX; NYSE: ABX) founder and departing chairman Peter Munk said John Thornton is the “right guy” to…