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Barrick Gold Corp

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  • SINGAPORE, April 2- Gold hovered above $1,200 an ounce on Thursday, clinging to gains from the prior session when it rose the most in two months, after weak U.S. private jobs data suggested that a more comprehensive employment report could disappoint. *Spot gold was flat at $1,203.70 an ounce by 2324 GMT, after climbing 1.8 percent on Wednesday.

  • NEW YORK, April 1- Barrick Gold Corp has lost its bid to dismiss a U.S. lawsuit that accuses the world's largest gold producer of concealing problems at a troubled South American mine and of fraudulently inflating the company's market value by billions of dollars. District Judge Shira Scheindlin in Manhattan ruled on Wednesday that shareholders can pursue...

  • NEW YORK, April 1- Barrick Gold Corp lost its bid to dismiss a U.S. lawsuit accusing the world's largest gold producer of concealing problems at a troubled South American mine, and fraudulently inflated its market value by tens of billions of dollars. District Judge Shira Scheindlin in Manhattan ruled on Wednesday that shareholders could pursue class action...

  • NEW YORK, April 1- Energy stocks have further to fall before they look attractive, according to a fund manager who has made his name investing in out of favor companies. Daniel Kozlowski, portfolio manager of the $4.6 billion Janus Contrarian fund, is not adding oil-related stocks to his portfolio despite the price of crude dropping about 50 percent since last...

  • "Canada is, for all intents and purposes, one of the best places you can explore," said Ian Ball, president of Abitibi Royalties Inc. "It had fallen out of favor a bit, but it is coming back quite rapidly." But that trend is beginning to turn for some of those with gold projects in Canada. These Canadian mines generally do not hold the promise mega projects like Barrick Gold...

  • Chile eyes new push on a glacier protection law Thursday, 5 Mar 2015 | 11:13 AM ET

    SANTIAGO, March 5- The Chilean government and congressional lawmakers agreed this week to work together to try to pass legislation to protect the country's glaciers, a move that could hinder development of mining projects in the world's No. 1 copper exporter. Most glaciers in South America are already receding due to higher temperatures linked to global...

  • Feb 20- Canadian base metal miner First Quantum Minerals Ltd reported a 42.5 percent drop in adjusted quarterly profit on Friday, hurt by higher copper production costs and lower copper prices. First Quantum's net income, however, more than tripled to $453.2 million as the company recorded a $382.2 million gain related to the revaluation of Zambian deferred...

  • TORONTO, Feb 19- Goldcorp Inc posted a hefty loss on Thursday as it took a $2.3 billion impairment charge on a new mine in Argentina, the second multi-billion dollar writedown from a top gold miner in as many days. The charge follows an even larger $2.8 billion writedown reported by Barrick Gold Corp, the world's top gold producer by production.

  • Feb 18- Barrick Gold Corp said on Wednesday it will sell its Porgera mine in Papua New Guinea and its Cowal mine in Australia to help reduce net debt by at least $3 billion by year-end, giving investors a long-awaited glimpse into its strategy. Barrick, the world's biggest gold producer, also said it was reducing the size of its Toronto head office by close to half...

  • Feb 18- Barrick Gold Corp said on Wednesday it plans to reduce its net debt by $3 billion by the end of the year through moves that will include selling its Porgera mine in Papua New Guinea and its Cowal mine in Australia. The Toronto- based company reported a net loss in the fourth quarter as it booked $2.8 billion in after-tax impairment charges related mostly to...

  • Feb 18- Barrick Gold Corp on Wednesday reported a net loss in the fourth quarter as it booked $2.8 billion in after-tax impairment charges related mostly to its Lumwana mine in Zambia and its Cerro Casale project in Chile.

  • Midday movers: Shake Shake, Apple, MasterCard & more Friday, 30 Jan 2015 | 12:52 PM ET
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    Some of Friday's midday movers:

  • Midday movers: Boeing, Kate Spade, Viacom & more Thursday, 29 Jan 2015 | 1:18 PM ET
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    Some of Thursday's midday movers:

  • Midday movers: Lockheed Martin, Plantronics & more Tuesday, 27 Jan 2015 | 1:05 PM ET
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    Some of Tuesday's midday movers:

  • Gold rebounds after ECB launches QE program Thursday, 22 Jan 2015 | 10:24 AM ET
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    Gold erased earlier losses after the ECB launched a multi-billion euro bond-buying program aimed at reviving a sagging euro zone economy.

  • SINGAPORE, Jan 22- Gold eased on Thursday, moving further away from a five-month high above $1,300 an ounce reached in the previous session, hurt by profit-taking ahead of a key European Central Bank meeting. *Spot gold fell 0.2 percent to $1,291 an ounce by 0027 GMT. *In other industry news, Indian gold importers are offering a discount of up to $16 an ounce versus...

  • Despite rally in gold miners, trouble runs deep Wednesday, 21 Jan 2015 | 7:22 PM ET

    Gold's New Year's rally offers a respite for the sector, but it masks problems of bloated debt, weak growth prospects and overvalued assets.

  • VANCOUVER/ TORONTO, Jan 21- The New Year's rally in gold stocks offers a respite for the beaten-down sector, but it masks deep-seated problems of bloated debt, weak growth prospects and overvalued assets that will emerge when miners post year-end results in coming weeks. Even if bullion's recent rally persists- it is up 9 percent this year to $1,290 an ounce-...

  • Four ways to ride the volatility storm Tuesday, 20 Jan 2015 | 10:35 AM ET
    Traders on the floor of the New York Stock Exchange.

    Even the strategists who don't believe 2015 will spell the end of the bull market predict more of the up-down action that's marked the year so far.

  • *Zambia to choose new president Tuesday after Sata's death. NDOLA, Zambia, Jan 19- Zambia's copper industry, the spluttering motor of one of Africa's fastest-growing economies, has been at the heart of campaigning for Tuesday's presidential election and poses a big headache for the country's next leader. Zambia averaged 6-7 percent growth over the last decade...