Barrick Gold Corp. achieved a 22% return on equity in 2011, up from 20% in 2010, leading to an “excellent year,” Aaron Regent, president and CEO, said this morning. Full year adjusted net earnings rose 33% from the same prior year period to $4.67 billion. Adjusted operating cash flow increased 8% to $5.68 billion...
NovaGold Resources Inc. likes what Barrick Gold Corp. had to say about their giant Donlin Gold project in Alaska during Barrick’s Investor Day presentation last Wednesday. Units of the two firms equally own Donlin (formerly Donlin Creek), a $6 billion (plus $1 billion for a natural gas pipeline) project in western Alaska, south of...
Is smaller indeed better? Will Atna Resources Ltd. be able to run the Pinson mine in Nevada better than Barrick Gold Corp.? Atna said today it was acquiring from Barrick the portion of the Pinson mine that it didn’t already own. It said it has signed an asset purchase and sale agreement with Pinson...
Major companies have been investing billions into mining operations in Peru, but falling base metal prices, along with higher costs, are squeezing that nation’s trade surplus — and future investment. A trade surplus that had hit $8.36 billion in 2007 as prices for copper, zinc, gold and other metals continued toward their peaks dropped...
