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.
Zambia to increase royalties on open-pit mines, WSJ says The Finance Ministry of Zambia said it plans to more than triple royalties on open-pit copper mines, says the Wall Street Journal. Mining companies with open-pit mines in Zambia include Canada’s Barrick Gold (ABX) and First Quantum Minerals, added the Wall Street Journal. Reference Link