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.
Barrick Gold says Veladero processing restrictions lifted Barrick Gold announced that restrictions on processing activities at the Veladero mine in San Juan province, Argentina, have been lifted. A local court previously restricted the addition of new reagents to the mine's heap leach circuit following the failure of a valve on a pipe carrying cyanide solution at the leach pad, which led to a release of solution. Barrick does not anticipate any material impact to production at Veladero as a result of this incident.