Barrick Gold News

Gold stocks retreated Monday morning as the Market Vectors Gold Miners ETF slipped by 0.5% to $54.20 per share.A The modest weakness in gold stocks and the GDX coincided with a tepid movement in COMEX gold futures, which inched lower to $1,724.30 per ounce.

Russian gold miner Highland Gold Mining Ltd. says that Barrick Gold Corp. plans to sell its 20.4 per cent stake in the company.

The Toronto stock market was modestly higher as early relief that the Greek parliament passed a package of austerity measures to secure a another bailout was tempered by questions about when Greece would actually get the money.

Gold prices continue to draw strength from Europe's sovereign debt crisis, but the established companies that actually produce the largest amounts of bullion are struggling to get investors' respect.

The gold segment will be in particular focus as three big companies report -- Goldcorp Inc.

Posted in : Long Ideas , Sector ETFs , News , Short Ideas , Futures , Commodities , New ETFs , After-Hours Center , Markets , Trading Ideas , ETFs , Best of Benzinga It's no secret that iShares, the world's largest ETF issuer, has been issuing new funds at warp speed this year.

On Friday, gold A futures for April delivery decreased $15.90 to settle at $1,725.30 per ounce, while silver A futures fell 31 cents to close at $33.60. Although the main Greek party leaders agreed to a last-minute deal on austerity, the deal and new conditions imposed by Europe must still be approved by Parliament this weekend, and the third ... (more)

PERTH, Australia - Copper producer Anvil Mining Limited has won approval from its stakeholders in Democratic Republic of Congo to be taken over by China-based Minmetals Resources Ltd.

On Wednesday, gold A futures for April delivery declined $17.10 to settle at $1,731.30 per ounce, while silver A futures fell 49 cents to close at $33.70. The U.S. dollar climbed higher as the Greek situation still remains uncertain.A Parts of a debt and bailout deal for Greece are supposedly in place, but a deal is still not finalized.A "During ... (more)

I have penned quite a few articles on gold miners over the past few months as the sector has not moved up in line with the huge increase in gold prices over the last five years.

The stock market is currently valuing Barrick Gold Corp at $49 billion. This valuation represents a significant discount to ABX's true value based on its assets .

On Tuesday, gold A futures for April delivery jumped $23.50 to settle at $1,748.40 per ounce, while silver A futures increased 44 cents to close at $33.19. Federal Reserve Chairman Ben Bernanke gave his testimony about the economy before Congress today.A He renewed his pledge to protect the U.S. economy from the European financial crisis.A Bernanke ... (more)

Golden Minerals Company is pleased to announce the appointment of Warren Rehn to the position of Vice President of Exploration.

In an earlier article here , I argued that Barrick would outperform Newmont . Thus far, it has beaten Newmont by 477 basis points.

On Friday, gold A futures for April delivery declined $19 to settle at $1,740.30 per ounce, while silver A futures fell 43 cents to close at $33.75. The U.S. dollar climbed higher early Friday as positive economic data was released.A The Institute for Supply Management's services index rose in January to its highest level in nearly a year as new ... (more)

On Wednesday, gold A futures for April delivery climbed $9.10 higher to settle at $1,749.50 per ounce, while silver A futures jumped 55 cents to close at $33.81.A The U.S. dollar gave a boost to precious metals as the index declined after newly released economic data.

Barrick Gold Corp was downgraded by research analysts at Canaccord Genuity from a "buy" rating to a "hold" rating in a report issued on Monday.

On Monday, gold A futures for February delivery edged $1.20 lower to settle at $1,731 per ounce, while silver A futures fell 26 cents to close at $33.53. The euro slipped under $1.31 as Greece has made little progress in resolving its debt crisis.A A summit in Brussels today where European leaders were meant to work on a permanent aid fund and ... (more)

Canadian stocks rose, extending a sixth-straight weekly advance, after borrowing costs fell at an Italian debt sale and the U.S. dollar declined for a fifth day against the euro.

Rothschild is suing the Daily Mail over a report in the paper that he arranged for Lord Mandelson, the former EU trade commissioner, to meet with Russian billionaire Oleg Deripaska to pave the way for a 500 million deal involving Deripaska's aluminum smelter.