Stock Market & Financial Investment News

News Breaks July 26, 2012 10:03 EDT NG, ABX NovaGold 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 Check below for free stories on NG;ABX the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 21, 2013 09:42 EDT ABX Active equity option families trading on open Active equity option families trading on open according to Track Data: AAPL HD MCP ABX TSLA C 09:33 EDT ABX Bloomberg LINK to host a summit Subscribe for More Information May 20, 2013 16:02 EDT ABX Options Update; May 20, 2013 Subscribe for More Information May 17, 2013 16:00 EDT ABX Options Update; May 17, 2013 Subscribe for More Information May 16, 2013 10:03 EDT ABX On The Fly: Analyst Downgrade Summary Subscribe for More Information 08:50 EDT ABX World Gold Council says gold jewelery demand up, total gold demand down in Q1 Subscribe for More Information 08:44 EDT ABX Barrick Gold downgraded to Underperform from Neutral at Macquarie May 15, 2013 17:36 EDT ABX Paulson gives quarterly update on stakes Subscribe for More Information May 14, 2013 08:19 EDT ABX Barrick Gold defends practices after New Zealand fund sells stake, WSJ reports Subscribe for More Information 07:29 EDT ABX BofA/Merrill to host a conference Subscribe for More Information May 9, 2013 07:12 EDT ABX Miners' asset sale attracts private equity, Bloomberg reports Subscribe for More Information May 8, 2013 09:37 EDT ABX Active equity option families trading on open Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.