Barrick Gold upgraded to Outperform from Sector Perform at RBC Capital RBC Capital upgraded Barrick Gold following revisions to its long-term gold and silver price forecasts and ongoing mine restructuring. Price target raised to $28 from $24.
Royal Gold provides update on Pueblo Viejo mine Royal Gold (RGLD) announced that Barrick Gold (ABX) reported a mechanical issue at the Pueblo Viejo mine in the Dominican Republic is expected to result in reduced production at the operation until mid-January 2016. Royal Gold confirmed with Barrick that the company's December 15 delivery will not be impacted materially by this development. Royal Gold expects to receive its first delivery of gold with respect to Pueblo Viejo on December 15 for the period July 1 to November 30, 2015. Barrick informed the Company that the first delivery will include approximately 8,900 ounces relating to July and August 2015 production, in addition to delivery of gold for the period including September, October and November 2015.