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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
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July 22, 2014
06:48 EDTABXInvestors cautious after Barrick leadership shakeup, Reuters says
Barrick Gold shareholders are reacting cautiously to the firm's recent management shakeup due to concerns that they might be given the cold shoulder by an imperious leadership, according to Reuters, citing comments from company spokesman Andy Lloyd. Barrick CEO Jamie Sokalsky will be replaced by two co-presidents after he leaves in September. Reference Link
July 18, 2014
15:18 EDTABXGoldcorp showed interest in Newmont Ghana mines, Bloomberg says
Goldcorp (GG) showed interest in potentially buying gold mines in Africa from Newmont Mining (NEM) while the latter was in merger talks with Barrick Gold (ABX) earlier this year, said Bloomberg, citing people familiar with the situation. Reference Link
14:53 EDTABXGoldcorp showed interest in Newmont Mining assets in Africa, Bloomberg says
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July 16, 2014
09:37 EDTABXActive equity options trading on open
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09:30 EDTABXBarrick Gold CEO Jamie Sokalsky to step down in launch of new executive team
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July 15, 2014
16:00 EDTABXOptions Update; July 15, 2014
iPath S&P 500 VIX Short-Term Futures up 53c to 28.02. Option volume leaders: AAPL FB GOOG AMZN ABX DIS NFLX TWTR TSLA according to Track Data.
July 13, 2014
12:13 EDTABXBarrick partners with Ma'aden to form Jabal Sayid JV
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July 11, 2014
05:41 EDTNGNovaGold resumed with a Neutral from Overweight at JPMorgan
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July 9, 2014
16:48 EDTNGNovaGold reports Q2 results for Donlin Gold and Galore Greek projects
Novagold reported Q2 financial results and updates for its flagship 50%-owned Donlin Gold project in Alaska and its 50%-owned Galore Creek copper-gold-silver project in British Columbia. The Q2 income per share for the two projects was (3c), flat vs. a year ago. Reports over $176M in cash and term deposits at end of Q2.

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