Barrick Gold Corporation (USA) (ABX), Silver Wheaton Corp. (USA) (SLW) – Revealed: An Inside Look At Ron Paul’s Portfolio (Insider Monkey)
Ron Paul is a lot like licorice; not everyone likes him, but the ones who do really like him. The former Texas congressman built his reputation and loyal following by taking strong positions on a number of controversial issues. Barrick Gold Corporation (USA) (NYSE:ABX) is the largest gold miner in the world, with a market cap of $19.5 billion and owning four of the world’s 10 largest gold mines. Much like other gold and mining stocks, Barrick Gold Corporation has been under pressure during the past year, with shares down 47%.
Teck Resources, Goldcorp Inc. (USA) (NYSE:GG) invest heavily in BC elections (Mining.com)
Weak commodity prices may forcing miners to sell-off assets, fire employees and delay projects but some spending just can’t be cut: According to a report by Vancouver’s Straight, mining companies were the biggest donors to the Liberal party in British Columbia’s 2013 provincial elections. Teck resources – one of Canada’s biggest coal producers – together with it’s 97%-owned Teck Highland Valley Copper gave $222,400 to the BC Liberals. In addition, Norman B. Keevil, a Teck board of directors, personally gave the group $50,000, according to data released by Elections BC on Tuesday.
BUSINESS DAY TV: Mining at a crossroads, says Gold Fields CEO (BD Live)
So, how can government and mining companies create a situation where sustainable economic development combines with growth and shareholder value? To share his view, joining us on the line right now is Nick Holland. He’s the CEO of Gold Fields Limited (ADR) (NYSE:GFI). With all that’s going on in the mining scene as far as labour issues are concerned, the cost of mining in a country like South Africa has really put some of the mining companies at breaking point, and that’s to use your words. So how optimistic are you of a turning of the tides to the positive? Just so we get a sense of where you’re sitting on that sentiment barometer right now.
Barrick Gold – Should You be Buying ABX? Pro’s Accumulating (Trefis)
Gold mining stocks have been hit very hard this year, and some professional traders are beginning to position themselves as if the bottom might be in. One that appears interesting is Barrick Gold Corporation (USA) (NYSE:ABX). The stock has plummeted this year, and with good reason. Not only have gold prices dropped by a lot, the company has written off billions of dollars as assets became worth far less in this new environment. The pro’s have been thinking this might occur for months, take a look at the stock and you can see continued selling pressure far before the company announced their problems.
Veris Gold Corp. announces closing of over-allotment (CNW)
Veris Gold Corp. (“Veris” or the “Company”) (TSX:VG) (OTCQB:YNGFF) (Frankfurt Xetra Exchange: NG6A) is pleased to announce it has issued an additional 900,980 units (the “Units”) at a price of Cdn$0.52 per Unit pursuant to the exercise of the over-allotment option by the syndicate of agents (collectively, the “Agents”) led by Secutor Capital Management Corporation and including Global Hunter Securities, LLC. After taking into account the over-allotment option, the gross proceeds of its previously announced offering (the “Offering”) of Units and flow-through units (the “Flow-Through Units”) is approximately $8.5 million.