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 nopoo2on Oct 20, 2014 11:43am

151 Views

Post# 23043434

RE:RE:Barrick Comes Home

You are right, its a huge advantage to cost, and sell, in US $'s. As for Terraco - zero country/ political risk for them, it's in the US so they get paid in US $'s which they turn into a weaker Cdn loonie for a Cdn acquisition or to work on their US projects rather then raising Cdn dollars to work in the US.

Midway will also benefit immensely if they choose to go after, or develop, a Cdn based project or work on US based projects.

ttfn
nopoo

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