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.
October 31, 2014
16:01 EDTABXOptions Update; October 31, 2014
Subscribe for More Information
October 29, 2014
17:35 EDTABXBarrick Gold sees FY14 total production 6.1M-6.4M gold oz
Subscribe for More Information
17:33 EDTABXBarrick Gold reports Q3 adjusted EPS 19c, consensus 17c
Reports Q3 revenue $2.6B, consensus $2.5B. Reports Q3 production 1.65M ounces of gold.
October 27, 2014
05:57 EDTABXNewmont Mining upgraded to Overweight from Neutral at HSBC
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