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Barrick Gold Corp T.ABX

Alternate Symbol(s):  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.


TSX:ABX - Post by User

Bullboard Posts
Comment by bigbank91on Aug 14, 2013 7:24pm
124 Views
Post# 21671097

RE:Gold-Hedging Talk Creeps In, But Miners Prefer Exposure

RE:Gold-Hedging Talk Creeps In, But Miners Prefer Exposure
Its more media on why gold is worthless.
Producers will never hedge.
There is too much physical demand for gold every year. more that is being produced, producers know it, media is trying to get everyone to sell gold with articles like this.
Producers will cut costs and shut mines if gold stays low for long creating a demand for physical gold that will make the price rise.
There is no more hedging in the industry, China wants it too much.
If a producer hedged their stock would sell off again. were already too low.

The market has changed since April, media is trying to keep there bull predictions a float but they are long gone.

short squeeze to come. QE4 . more disapointing housing results.
They should be writing articles on why Cisco is laying off and why other companies should follow suit.
Bullboard Posts