Barrick Gold Corp T.ABX

Alternate Symbol(s): GOLD

Metals & Mining Gold

Barrick Gold Corporation is a Canada-based gold and copper producer, which is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. It has ownership interests in producing gold mines that are located in Argentina, Canada, Cote d'Ivoire, the Democratic Republic of the Congo, the Dominican Republic, Mali, Tanzania and the United States. It has ownership interests in producing copper mines in Chile, Saudi Arabia and Zambia. Its operations include Nevada Gold Mines, Bulyanhulu, Hemlo, Jabal Sayid, Kibali, Loulo-Gounkoto, Lumwana, North Mara, Porgera, Pueblo Viejo, Tongon, Veladero and Zaldivar. Its Bulyanhulu operation is located in north-west Tanzania, approximately 55 kilometers (km) south of Lake Victoria and 150 km southwest of the city of Mwanza. The Hemlo operation is located north of Lake Superior on the Trans-Canada Highway, approximately 35 km east of Marathon, Ontario, and it is an underground operation.

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Barrick Gold Corp

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Post by jerryb1on Feb 04, 2009 3:36pm

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Post# 15752276

Gold rises on U.S. Data

Gold futures rose Wednesday for the first session in three, climbing back above $900 an ounce as safe-haven buying returned, helped by data indicating another hefty month of job losses in the U.S.

The U.S. private sector shed 522,000 jobs in January, according to the ADP employment index. Separately, reserves of gold and gold receivables held by euro-zone central banks rose last week for the first time in two months, the European Central Bank reported Tuesday.

Gold for February delivery ended up $9.60, or 1.1%, at $901.60 an ounce on the Comex division of the New York Mercantile Exchange. The contract had closed below $900 in the previous session.

"The rise we have seen today is pointing to an investment against economic uncertainty and a disturbed financial system on many fronts," said Julian Phillips, editor at GoldForecaster.com.

Source www.marketwatch.com