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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

Comment by Goldenpouon Nov 27, 2024 11:11am
22 Views
Post# 36333581

RE:Barrick vs. Newmont—Who’s Winning the Gold War?

RE:Barrick vs. Newmont—Who’s Winning the Gold War?The advantage goes to whoever has this: 1)no hidden coming write offs that are almost always in the hundreds of millions or billions 2)The one who has the least amount of slowdown anywhere because that is all investors look at - missing estimates or not. So producing one ton less than anticipated anywhere is far far more important thant actual profit, even if a company is printing big profit money - so the new investors see any slowdown , temporary breakdown for any amount , even just 2 ounces and the stock will go down like newmont by over 15%. Profit does not count, just estimates. Welcome to the new generation of bitcoin dreamers or AI lottery ticket buyers
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