New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 26, 2012
10:03 EDTNG, ABXNovaGold plummets after Barrick raises doubts about gold deposit
NovaGold (NG) is retreating after Barrick Gold (ABX) indicated that it may not invest significant amounts of money in a gold deposit in which the two companies each have a 50% ownership stake. Barrick said that the Alaska-based Donlin gold deposit doesn't currently meet its investment criteria, primarily because of the large initial capital investment required to launch it. However, Barrick did add that Donlin represents a "valuable long-term opportunity," partly due to its long life mineral resources. Moreover, Barrick added that it would advance permitting activities at the site at reasonable costs, giving it the option to undertake construction there in the future. In early trading, however, NovaGold tumbled $1.67, or 31.04%, to $3.71. Barrick, meanwhile, sank $2.47, or 7.31%, to $31.32.
News For NG;ABX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
September 25, 2014
10:06 EDTABXOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
06:10 EDTABXBarrick Gold upgraded to Overweight from Neutral at HSBC
Subscribe for More Information
September 24, 2014
07:56 EDTABXCFA Society of Philadelphia to host a luncheon meeting
Subscribe for More Information
September 18, 2014
07:53 EDTABXBarrick Gold October volatility flat as gold trades near four-year low
Barrick Gold October call option implied volatility is at 32, November is at 29, January is at 28; compared to its 26-week average of 32 according to Track Data, suggesting non-directional price movement.
September 17, 2014
06:43 EDTABXNewmont head says concentrating on operations, not Barrick, Reuters says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use