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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Comment by Lestat_MTLon May 29, 2013 3:17am

130 Views

Post# 21454213

RE: RE: RE: RE: RE: RE: RE: Short ABX due to bad A

Gold does not have to go to 2000$ for gold miner stocks to be much higher. They are extremely undervalued right now. A well manager gold mining company should be able to make good profits from gold well below 1600$. They used to in the past. If they can't because of costs, and if they are well managed, then I guess that means there is inflation out there, which means gold bullion should go up.

Even at current gold prices gold miners should be able to turn a good profit.

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