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Interesting document I just found. I wonder what it means for abx? Here's a snippet: "As such, we again direct your honors to the problems that transpired in this
area and why each of those events amount to no coincidence. During 1993-97,
George Herbert Walker Bush aka George Bush Senior attempted to change the
official mining act and in the process ran afoul of several severe national
laws. The severity of the damage can by no means be understated your honors,
as it affected residents across all of Tanzania and other neighboring
countries. As a result of all these infractions, it is alleged now that more
than a hundred miners were killed in sudden “accidents.” This was done with
the willing concert of the Black Eagle Trust which we will prove on record.
In the course of these events, massive child trafficking was conducted."
https://www.docdroid.net/S6vrLhN/hv1-indictment-george-herbert-walker-bush-gold-laundering-human-trafficking.pdf#page=11
Is President Trump Really Going To End The Fed And Usher In A New Gold Standard?
https://www.silverdoctors.com/gold/gold-news/is-president-trump-really-going-to-end-the-fed-and-usher-in-a-new-gold-standard/
Trump vowed to continue attacking Jerome Powell until the Fed President accepted his will
Selling GG too.
USLV
CDE
WHEATON PRECIOUS METALS
smart move
OUT!!!! Kept GG.
patience JC , ur going to be a wealthy man... if not already!
BARRICK IS GREEN!!!???!!!
Gold and silver were such a powerful money during the Founding of The United States of America
that the Founding Fathers declared that only gold or silver coins can be 'money' in America.
Since gold and silver coinage were heavy and inconvenient for a lot of transactions, they were stored in banks and a claim check was issued as a money substitute.
People traded their coupons as money, or 'currency.' Currency is not money, but a money substitute. Redeemable currency must promise to pay a dollar equivalent in gold or silver money. Federal Reserve Notes (FRNs) make no such promises and are not 'money.'
It is essential that we comprehend the distinction between real money and paper money substitute. One cannot get rich by accumulating money substitutes, one can only get deeper into debt. We the People no longer have any 'money.'
Most Americans have not been paid any 'money' for a very long time, perhaps not in their entire life. Now do you comprehend why you feel broke? Now do you understand why you are 'bankrupt,' along with the rest of the country?
http://globalfire.tv/nj/07en/politics/who_owns_america.htm
More info about Gold & Silver Poducers -
http://tinyurl.com/fwac7
http://tinyurl.com/zdggd
Gold remains the time-honored standard of wealth -
that no other currency can match.
dd....
http://www.publicgold.com/tryit
dd....
http://www.PublicGold.com/tryit.net
In case you missed it. Watch this! -
INFO VIDEO: Naked Short Selling Part 1
It's hammertime for pm's.
Buying Coeur at $6.50 this morning.
RSI is something like 27
#ABX: Looks like $11.00 is Bottom...:-}
Cali is hot and beautiful ... this time of year
China goes for gold with overseas mining projects
A secure supply is seen as critical to the country's economic and strategic goals
RURIKA IMAHASHI, Nikkei staff writer
July 30, 2018 12:20 JST
https://asia.nikkei.com/Business/China-goes-for-gold-with-overseas-mining-projects
God Bless
The $500 billion market the world never thought it would see
Submitted by cpowell on 01:43AM ET Monday, July 30, 2018.
Section: Daily Dispatches
By Chris Anstey and Narae Kim
Bloomberg News
Sunday, July 29, 2018
China used to rail against the outsize role of the U.S. dollar.
But in a major turnaround, the world's second-biggest economy has
started embracing the currency of its larger rival.
Chinese companies and banks -- and even the government -- sold bonds
denominated in dollars at a record pace last year, and underwriters
expect that growth to continue for years.
The roughly half-trillion-dollar market has two key attractions for
China's borrowers. For some, it's an easier place to raise cash than
at home -- where regulators are cracking down on leverage.
For others, dollars are simply easier to use to fund acquisitions
and investments abroad.
... Dispatch continues below ...
http://www.hardassetsalliance.com/go/v34pm4/GAT
The upshot: There's a large and growing supply of dollar securities
that offer exposure to Chinese companies for investors wary of
diving into the country's increasingly accessible yuan --
denominated domestic debt.
The offshore bond market is also set to provide a stake in
President Xi Jinping's "Belt and Road" initiative (BRI) --
a grand plan that envisions deepening trade and investment ties
with countries across the Eurasian landmass and beyond.
Bankers see the BRI as a key source of growth in Chinese dollar bonds. ...
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2018-07-29/china-s-huge-u-s-curr...
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
http://neworleansconference.com/wp-content/uploads/2018/07/NOIC_2018_Pow...
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
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To contribute to GATA, please visit:
http://www.gata.org/node/16
Currency war erupts as Trump blames China, EU for 'manipulating'
Submitted by cpowell on 07:19PM ET Friday, July 20, 2018. Section: Daily Dispatches
By Katherine Greifeld
Bloomberg News
Friday, July 20, 2018
The currency war has arrived.
So say some of the best and brightest in the $5.1 trillion-per-day foreign-exchange market. U.S. President Donald Trump took to Twitter Friday to accuse China and the European Union of "manipulating their currencies and interest rates lower." The comments came today after the yuan plunged past 6.80 per dollar for the first time in a year and as the nation's central bank shows little sign of intervening to stem the slide.
As the world's two largest economies open up a new front in their increasingly acrimonious game of brinkmanship, the consequences could be dire -- and ripple far beyond the U.S. and Chinese currencies. Everything from equities to oil to emerging-market assets are in danger of becoming collateral damage as Beijing and Washington threaten the current global financial order.
"The real risk is that we have broad-based unravelling of global trade and currency cooperation, and that is not going to be pretty," said Jens Nordvig, Wall Street's top-ranked currency strategist for five years running before founding Exante Data LLC in 2016. "Trump's rhetoric over the last 24 hours is certainly shifting this from a trade war to a currency war." ...
The Treasury Department declined to comment when asked whether the U.S. was entering a currency war.
The greenback will likely continue to suffer as investors heed Trump and back out of long dollar wagers, according to Shahab Jalinoos, Credit Suisse Group AG's global head of FX trading strategy. Hedge funds and other speculators are the most bullish on the currency in over a year, according to the latest data from the Commodity Futures Trading Commission.
"It has now been virtually defined as a currency war by the U.S. president, given that he explicitly suggested foreign countries are manipulating exchange rates for competitive purposes," Jalinoos said. "The barrage of commentary will likely force the market to scale back long dollar positions."
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2018-07-20/currency-war-erupts-a...
* * *
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Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
https://neworleansconference.com/
God Bless
Preliminary Second Quarter Production Results
https://www.barrick.com/news/news-details/2018/Barrick-Reports-Preliminary-Second-Quarter-Production-Results/default.aspx
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Press Release
BARRICK REPORTS PRELIMINARY SECOND QUARTER PRODUCTION RESULTS
(opens in new window) DOWNLOAD PDF
JULY 11, 2018
ALL AMOUNTS EXPRESSED IN U.S. DOLLARS
TORONTO — Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) (“Barrick” or the “Company”) today announced preliminary second quarter production of 1.07 million ounces of gold, and 83 million pounds of copper, as well as preliminary second quarter sales of 1.04 million ounces of gold, and 74 million pounds of copper. The average market price for gold in the second quarter was $1,306 per ounce, while the average market price for copper was $3.12 per pound.
Preliminary second quarter gold production of 1.07 million ounces was roughly in line with the first quarter of the year. Second quarter gold cost of sales per ounce1 is expected to be slightly higher quarter-over-quarter, with cash costs per ounce2 and all-in sustaining costs per ounce2 approximately 5-7 percent higher than the first quarter. This was primarily driven by planned maintenance at the Barrick Nevada roaster and the Pueblo Viejo autoclaves.
We are maintaining our 2018 consolidated gold production guidance of 4.5-5.0 million ounces, at a cost of sales of $810-$850 per ounce1, cash costs2 of $540-$575 per ounce, and all-in sustaining costs2 of $765-$815 per ounce.3 We expect gold production to be higher in the second half of the year following the completion of major planned maintenance shutdowns in the first half of 2018, along with reduced development and stripping in the second half of the year. Costs are expected to be lower in the second half of 2018, reflecting increased production from our lower-cost operations at Barrick Nevada and Pueblo Viejo, with higher grades and increased throughput following the completion of scheduled maintenance. Full processing capacity has also been restored at the Porgera Joint Venture earlier than our initial expectations, following the earthquake that struck Papua New Guinea on February 26, 2018.
Preliminary copper production in the second quarter of 83 million pounds was slightly lower than the first quarter. We expect a quarter-over-quarter increase in our consolidated copper cost of sales per pound1 and C1 cash costs per pound2 of approximately 17-19 percent and 11-13 percent, respectively, due to higher crusher repair costs. Capitalized stripping at Lumwana was also higher than first quarter, in line with the mine plan, leading to consolidated all-in sustaining costs per pound2 that are approximately 15-17 percent higher than the first quarter.
We are adjusting our 2018 copper production guidance to 345-410 million pounds, compared to our initial guidance of 385-450 million pounds.3 We also expect copper cost of sales per pound1 to be $2.00-$2.30, C1 cash costs2 to be $1.80-$2.00 per pound, and all-in sustaining costs2 to be $2.55-$2.85 per pound.3 This compares to initial guidance of $1.80-$2.10 per pound, $1.55-$1.75 per pound, and $2.30-$2.60 per pound, respectively. The revisions to our copper production and cost guidance primarily reflect operational challenges at Lumwana in the first half of the year. We expect higher production at Lumwana in the second half of 2018, driven by a steady improvement in grade and improved crusher reliability.
Barrick will provide additional discussion and analysis regarding second quarter production and sales when the Company reports quarterly results on July 25, 2018, followed by a conference call and webcast on July 26 at 8:00 am ET. The following table includes preliminary gold and copper production and sales results from our operations:
Three months ended
June 30, 2018 Six months ended
June 30, 2018
Production Sales Production Sales
Gold (equity ounces (000s))
Barrick Nevada4 464 444 935 906
Pueblo Viejo (60%) 123 125 264 273
Lagunas Norte 65 65 131 134
Veladero (50%)5 78 82 152 156
Turquoise Ridge (75%) 69 58 115 121
Acacia (63.9%) 86 85 163 160
Kalgoorlie (50%) 96 99 181 182
Porgera (47.5%) 41 34 81 79
Hemlo 38 37 78 81
Golden Sunlight 7 8 16 16
Total Gold 1,067 1,037 2,116 2,108
Copper (equity pounds (millions))
Lumwana 47 45 95 92
Zaldívar (50%) 23 21 47 45
Jabal Sayid (50%) 13 8 26 22
Total Copper 83 74 168 159
Investor Contact
Deni Nicoski
Senior Vice President
Investor Relations
Telephone: +1 416 307-7474
Email: dnicoski@barrick.com
Media Contact
Andy Lloyd
Senior Vice President
Communications
Telephone: +1 416 307-7414
Email: alloyd@barrick.com
Technical Information
The scientific and technical information contained in this press release has been reviewed and approved by Geoffrey Locke, P. Eng., Manager, Metallurgy of Barrick who is a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Second Quarter 2018 Results
Barrick will release its Second Quarter 2018 Results on July 25, 2018, followed by a conference call and webcast on July 26 at 8:00 am ET.
Toll Free (U.S. and Canada): 1-800-319-4610
International: +1 416 915-3239
The webcast and presentation materials will be available on Barrick’s website. The conference call will be available for replay by phone at 1-855-669-9658 (U.S. and Canada toll free), and +1 604 674-8052 (international), access code 2352.
Endnote 1
Cost of sales applicable to gold per ounce is calculated using cost of sales applicable to gold on an attributable basis (removing the non-controlling interest of 40% Pueblo Viejo and 36.1% Acacia from cost of sales), divided by attributable gold ounces. Cost of sales applicable to copper per pound is calculated using cost of sales applicable to copper including our proportionate share of cost of sales attributable to equity method investments (Zaldívar and Jabal Sayid), divided by consolidated copper pounds (including our proportionate share of copper pounds from our equity method investments).
Endnote 2
Cash costs per ounce and all-in sustaining costs per ounce are non-GAAP financial measures which are calculated based on the definition published by the World Gold Council (“WGC”) (a market development organization for the gold industry comprised of and funded by 24 gold mining companies from around the world, including Barrick). The WGC is not a regulatory organization. Management uses these measures to monitor the performance of our gold mining operations and its ability to generate positive cash flow, both on an individual site basis and an overall company basis.
Cash costs start with our cost of sales related to gold production and removes depreciation, the non-controlling interest of cost of sales and includes by-product credits. All-in sustaining costs start with cash costs and include sustaining capital expenditures, general and administrative costs, minesite exploration and evaluation costs and reclamation cost accretion and amortization. These additional costs reflect the expenditures made to maintain current production levels.
We believe that our use of cash costs and all-in sustaining costs will assist analysts, investors and other stakeholders of Barrick in understanding the costs associated with producing gold, understanding the economics of gold mining, assessing our operating performance and also our ability to generate free cash flow from current operations and to generate free cash flow on an overall company basis. Due to the capital-intensive nature of the industry and the long useful lives over which these items are depreciated, there can be a significant timing difference between net earnings calculated in accordance with IFRS and the amount of free cash flow that is being generated by a mine and therefore we believe these measures are useful non-GAAP operating metrics and supplement our IFRS disclosures. These measures are not representative of all of our cash expenditures as they do not include income tax payments, interest costs or dividend payments. These measures do not include depreciation or amortization.
Cash costs per ounce and all-in sustaining costs are intended to provide additional information only and do not have standardized definitions under IFRS, and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These measures are not equivalent to net income or cash flow from operations as determined under IFRS. Although the WGC has published a standardized definition, other companies may calculate these measures differently.
C1 cash costs per pound and all-in sustaining costs per pound are non-GAAP financial measures related to our copper mine operations. We believe that C1 cash costs per pound enables investors to better understand the performance of our copper operations in comparison to other copper producers who present results on a similar basis. C1 cash costs per pound excludes royalties and non-routine charges as they are not direct production costs. All-in sustaining costs per pound is similar to the gold all-in sustaining costs metric and management uses this to better evaluate the costs of copper production. We believe this measure enables investors to better understand the operating performance of our copper mines as this measure reflects all of the sustaining expenditures incurred in order to produce copper. All-in sustaining costs per pound includes C1 cash costs, corporate general and administrative costs, minesite exploration and evaluation costs, royalties, environmental rehabilitation costs and write-downs taken on inventory to net realizable value.
Barrick will provide a full reconciliation of our final non-GAAP financial measures when the Company reports its quarterly results on July 25, 2018.
Endnote 3
2018 guidance is based on gold, copper, WTI oil price and Brent oil price assumptions of $1,200/oz, $2.75/lb, $65/bbl and $70/bbl respectively, a USD:AUD exchange rate of 0.75:1, a CAD:USD exchange rate of 1.25:1, a ARS:USD exchange rate of 18.35:1 and a CLP:USD exchange rate of 650:1.
Endnote 4
Includes our 60% equity share of South Arturo.
Endnote 5
Reflects our 50% equity share of Veladero.
Cautionary Statements Regarding Preliminary Second Quarter Production, Sales and Costs for 2018 and Forward-Looking Information
Barrick cautions that, whether or not expressly stated, all second quarter figures contained in this press release including, without limitation, production levels and sales and associated costs (including, costs of sales per ounce for gold and per pound for copper, all-in sustaining costs per ounce/pound, cash costs per ounce, and C1 cash costs per pound) are preliminary and reflect our expected second quarter results as of the date of this press release. Actual reported second quarter production levels and sales and associated costs are subject to management’s final review, as well as review by the Company’s independent accounting firm, and may vary significantly from those expectations because of a number of factors, including, without limitation, additional or revised information, and changes in accounting standards or policies, or in how those standards are applied. Barrick will provide additional discussion and analysis and other important information about its second quarter production levels and sales and associated costs when it reports actual results on July 25, 2018. For a complete picture of the Company’s financial performance, it will be necessary to review all of the information in the Company’s second quarter financial report and related MD&A. Accordingly, readers are cautioned not to rely solely on the information contained herein.
Finally, Barrick cautions that this press release contains forward-looking statements with respect to (i) Barrick’s forward-looking production guidance; (ii) estimates of future cost of sales per ounce for gold and per pound for copper, all-in sustaining costs per ounce/pound, cash costs per ounce, and C1 cash costs per pound; and (iii) expectations regarding operations during the second half of 2018 at Barrick Nevada, Pueblo Viejo, Porgera and Lumwana.
https://www.barrick.com/news/news-details/2018/Barrick-Reports-Preliminary-Second-Quarter-Production-Results/default.aspx
God Bless
this thing , sideways forever...
Conversion of Pueblo Viejo Power Plant to Natural Gas
https://www.barrick.com/news/news-details/2018/Barrick-Announces-Conversion-of-Pueblo-Viejo-Power-Plant-to-Natural-Gas/default.aspx
PVDC will invest roughly $7.5 million to convert Quisqueya I to natural
gas, an investment that significantly exceeds Barrick’s 15 percent
hurdle rate. AES will construct a new gas pipeline to the facility,
with commercial gas production expected to begin in the second half of
2019.
Barrick is currently advancing prefeasibility-level studies for a plant
expansion at the Pueblo Viejo mine that has the potential to
significantly increase throughput at the operation4.
Conversion of the power plant to natural gas is anticipated to further
strengthen the economics of the project.
PVDC was advised by the Houston office of Akin Gump Strauss Hauer & Feld LLP.
About AES
AES Corporation (NYSE:AES) is a Fortune 200 global power company that
provides affordable, sustainable energy to 15 countries through a
diverse portfolio of distribution businesses as well as thermal and
renewable generation facilities.
INVESTOR CONTACT
Deni Nicoski
Senior Vice President
Investor Relations
Telephone: +1 416 307-7474
Email: dnicoski@barrick.com
MEDIA CONTACT
Andy Lloyd
Senior Vice President
Communications
Telephone: +1 416 307-7414
Email: alloyd@barrick.com
Pueblo Viejo, Goldcorp’s joint venture gold mine in the Dominican
Republic, has just taken a huge step towards becoming a more
sustainable mine.
One of the world’s largest gold mines, Pueblo Vieja, operated by
Pueblo Viejo Dominicana Corporation (PVDC), a joint venture between
Barrick Gold Corporation (60%) and Goldcorp (40%), announced that it
has signed a 10-year natural gas supply contract, generating key cost- savings at the operation.
https://www.barrick.com/news/default.aspx
https://blog.goldcorp.com/2018/06/20/pueblo-viejo-power-plant-to-convert-to-natural-gas/
PVDC owns and operates the Quisqueya I power generation facility and
also supplies power to the Pueblo Viejo mine, and will convert the
power plant from heavy fuel oil to natural gas.
Converting the power plant that feeds Pueblo Viejo from oil to natural
gas is expected to reduce the operation’s average cost of sales and
all-in sustaining costs by about $54 per ounce over the life of the
mine, supported in part by the sale of excess power to the national
energy grid.
In switching to natural gas, PVDC is expected to reduce greenhouse gas
emissions at Pueblo Viejo by approximately 260,000 CO2 equivalent
tonnes per year.
A new gas pipeline will be constructed and PVDC will invest around $7.5
million to convert Quisqueya I to natural gas, with commercial gas
production expected to begin in the second half of 2019.
Located 100 kilometres northwest of Santa Domingo, Pueblo Viejo produces
gold, silver and copper and began commercial production in 2013.
Goldcorp’s share of gold produced at Pueblo Viejo in 2017 was 433,000
ounces.
A project to expand mineral processing capacity is in the pre-
feasibility stage.
https://www.barrick.com/news/default.aspx
https://blog.goldcorp.com/2018/06/20/pueblo-viejo-power-plant-to-convert-to-natural-gas/
God Bless
dis, ting is a turtle, she crawls..
Barrick Announces Investment in Midas Gold
TORONTO, May 9, 2018 (PDF) —
Barrick Gold Corporation (NYSE:ABX)(TSX:ABX)
(“Barrick”) announced today that it has entered into a subscription
agreement to acquire 46,551,731 common shares of Midas Gold Corp. (“Midas
Gold”) in a non-brokered private placement at a price of C$1.06 per share
for gross proceeds of US$38,065,907.
The transaction is expected to close on or about May 15, 2018, following which Barrick will own approximately 19.9 percent of the outstanding common shares of Midas Gold, on a non-diluted basis.
“Midas Gold’s Stibnite Gold project in Idaho offers a compelling investment proposition, with low geopolitical risk, potential for production of over 300,000 ounces of gold per year at competitive operating costs, and exploration upside,” said Barrick President Kelvin Dushnisky. “We are also impressed with the emphasis that Midas Gold has placed on building partnerships with local communities and share their strong commitment to environmental stewardship. We look forward to working with the Midas Gold team to explore opportunities to enhance the value of the project for all partners.”
Barrick is acquiring the common shares for investment purposes. Depending on market conditions and other factors, including Midas Gold’s business and financial condition, Barrick may, subject to the terms of the investor rights agreement to be entered into in connection with the transaction, acquire additional common shares or other securities of Midas Gold or dispose of some or all of the common shares or other securities of Midas Gold that it owns at such time.
In connection with the transaction, Barrick and Midas Gold will enter into an investor rights agreement on closing, whereby, so long as Barrick maintains a minimum of 10% ownership in Midas Gold, Barrick will be granted:
The right to appoint one director to Midas Gold’s Board of Directors;
A right to participate in future Midas Gold equity issuances to maintain its then current pro rata interest in Midas Gold;
Certain top-up rights in connection with Midas Gold’s outstanding convertible notes, which will allow Barrick to maintain its then current pro rata interest in Midas Gold by undertaking additional funding; and
A right of first refusal in respect of gold concentrates.
In addition, Midas Gold will be increasing the number of directors on its board from seven to eight and will be appointing an independent director to fill that position.
An early warning report will be filed by Barrick in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact Andy Lloyd, whose contact details are included below.
Barrick is a senior gold mining company organized under the laws of the Province of Ontario. Barrick’s head office is located at Brookfield Place, TD Canada Trust Tower, Suite 3700, 161 Bay Street, P.O. Box 212, Toronto, Ontario M5J 2S1. Midas Gold’s head office is located at 890 – 999 West Hastings Street, Vancouver, British Columbia V6C 2W2.
INVESTOR CONTACT
Deni Nicoski
Senior Vice President
Investor Relations
Telephone: +1 416 307-7474
Email: dnicoski@barrick.com
MEDIA CONTACT
Andy Lloyd
Senior Vice President
Communications
Telephone: +1 416 307-7414
Email: alloyd@barrick.com
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Certain information contained in this press release, including any information relating to the proposed investment in Midas Gold constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “expect”, “will”, “potential”, “may” and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to Barrick’s acquisition or disposition of securities of Midas Gold in the future and Barrick’s interest and governance rights in Midas Gold on completion of the investment by Barrick in Midas Gold. Forward-looking statements are necessarily based upon a number of assumptions, including material assumptions considered reasonable by Barrick as at the date of this press release in light of management’s experience and perception of current conditions and expected developments, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies.
Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned not to put undue reliance on forward-looking statements which are not guarantees of future events, and speak only as of the date made. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements.
Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
This message was sent to you by Barrick Gold Corporation and its affiliates and partners, with its head office at:
161 Bay Street, 37th Floor
Toronto, Ontario M5J 2S1
Telephone: +1 416 861-9911
Email: investor@barrick.com
God Bless America
abx is tough to move.
thanx, appreciate it
GATA Chairman Murphy, mining entrepreneur Neumeyer interviewed on manipulation
Submitted by cpowell on Thu, 2018-05-03 23:48. Section:
Daily Dispatches
7:51p ET Thursday, May 3, 2018
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy and mining entrepreneur Keith Neumeyer,
interviewed by Ken Ameduri for Crush the Street, discuss the manipulation
of the monetary metals market and the prospects for the manipulation to be
ended by a reset of the international financial system. The interview is a
half-hour long and can be viewed at You Tube here:
Robert Lambourne: BIS gold derivatives down in March, back up in April
Submitted by cpowell on 11:56PM ET Tuesday, May 8, 2018. Section: Daily
Dispatches
By Robert Lambourne
Tuesday, May 8, 2018
The Bank for International Settlements has just published, on the same
day, its monthly statement of account for March 2018 as well as its
monthly statement for April 2018:
https://www.bis.org/banking/balsheet/statofacc180331.pdf
https://www.bis.org/banking/balsheet/statofacc180430.pdf
From these statements it is possible to deduce that during March the BIS
reduced by about 165 tonnes its use of gold swaps and other gold-
related derivatives, but subsequently in April the bank's use of gold
swaps and other gold-related derivatives increased by about 60 tonnes.
It seems that the BIS is continuing to trade actively in gold
derivatives and the amounts disclosed each month have been following an
irregular pattern.
... Dispatch continues below ...
Click here to learn more:
http://www.hardassetsalliance.com/go/v34pm4/GAT
The information provided in the BIS monthly statements is not sufficient
to calculate a precise amount of gold-related derivatives, including
swaps, but it appears that the bank's total exposure as of April 30,
2018, was 420 tonnes of gold.
This compares to estimates of 360 tonnes, 525 tonnes, 580 tonnes, 450
tonnes, 600 tonnes, and 570 tonnes, respectively, at the February,
January, December, November, and October month-ends and an audited
swaps figure of 438 tonnes as of March 31, 2017.
When it comes to its activities in the gold market, the BIS provides
little information on what it is doing, why, and for whom. This lack of
transparency fuels suspicion that the bank's trading is related to
official efforts to suppress the gold price.
-----
Robert Lambourne, a consultant for GATA, is a retired business executive
in the United Kingdom who studies the activity of the Bank for
International Settlements in gold market.
* * *
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Vancouver Convention Centre East
Vancouver, British Columbia, Canada
Tuesday-Wednesday, May 15-16, 2018
http://cambridgehouse.com/e/international-mining-investment-conference-2...
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Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
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GATA is a civil rights and educational organization based in the United
States and tax-exempt under the U.S. Internal Revenue Code.
Its e-mail dispatches are free, and you can subscribe at:
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To contribute to GATA, please visit:
http://www.gata.org/node/16
God Bless America
this should be at 15 by now...
this thing wont move...
Barrick Announces Passing of Founder and Chairman Emeritus Peter Munk
TORONTO, March 28, 2018 — It is with deep sadness that Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) (Barrick or the “Company”) announces the passing of the Company’s Founder and Chairman Emeritus, Peter Munk. Munk passed away peacefully in Toronto today, surrounded by his family. He was 90.
Munk, an iconic Canadian entrepreneur and philanthropist, was born in Budapest in 1927. When the Nazis invaded Hungary in 1944, he escaped with his family, ultimately arriving in Toronto in 1948 at the age of 20. An immigrant with neither social connections nor a command of English, Munk nevertheless felt welcomed by Canadians, and he would go on to profess a lifelong love of his adoptive country. In 2011, he remarked, “This is a country that does not ask about your origins but concerns itself with your destiny.”
Munk founded Barrick in 1983 and built it into the world’s largest gold mining company in less than twenty-five years. He did so by leading a small team of partners who trusted one another implicitly and who together balanced boldness and prudence in the pursuit of fierce entrepreneurial ambitions.
One of Canada’s most significant philanthropists, Munk donated nearly $300 million to causes and institutions that were close to his heart. With his wife, Melanie, he established the Peter Munk Cardiac Centre at the Toronto General Hospital in 1997. Munk donated more than $175 million to the institution, including a $100 million contribution in 2017 that remains the largest single gift ever made to a Canadian hospital. To his alma mater, the University of Toronto, Munk gave $47 million to create what has become Canada’s preeminent degree-granting institution for the research and study of global affairs, the Munk School of Global Affairs. In 2008, he founded The Munk Debates, which quickly became Canada’s most important public policy debate series, bringing the world’s brightest minds together to debate the biggest issues of our time.
For his leadership as an entrepreneur and philanthropist, Munk received numerous awards and honors, including honorary doctorates from the University of Toronto, Concordia University, Bishop’s University, and the Technion-Israel Institute of Technology. In 2008, he was named a Companion of the Order of Canada, the country’s highest civilian honor, limited to no more than 165 living Canadians at any one time.
Munk is survived by Melanie, his wife of forty-five years; by his five children, Anthony, Nina, Marc-David, Natalie, and Cheyne; and by his fourteen grandchildren.
Please visit www.barrick.com/peter-munk for more about the life of Peter Munk.
His memory lives on with more than 10,000 Barrick employees on five continents, as well as the countless individuals and communities he touched through his philanthropy in Canada and around the world.
Details of a public memorial service will be released at a later date. In lieu of flowers, donations may be made to the Peter Munk Cardiac Centre (www.uhn.ca/PMCC).
INVESTOR CONTACT
Deni Nicoski
Senior Vice President
Investor Relations
Telephone: +1 416 307-7474
Email: dnicoski@barrick.com
MEDIA CONTACT
Andy Lloyd
Senior Vice President
Communications
Telephone: +1 416 307-7414
Email: alloyd@barrick.com
God Bless
Amen
Barrick Peter Munk $600 Million Great Ski Resort Proposed For Hope, British Columbia
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http://www.canada.com/business/commercial-real-estate/barrick+gold+hopes+strike+rich+with+fraser/15299662/story.html
… #vancouver #604now via @604Now
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Barrick Gold hopes to strike it rich with Fraser Canyon ski resort -
http://www.canada.com/business/commercial-real-estate/barrick+gold+hopes+strike+rich+with+fraser/15299662/story.html
God Bless America
Barrick Gold Founder Peter Munk Dies In Toronto At 90 -
https://www.huffingtonpost.ca/2018/03/28/barrick-gold-founder-peter-munk-dies_a_23397901/
God Bless
Amen
ABX doing well in this down market, even when Gold price is down!!!
Reversals as soon the holdings comes in people will buy. An trades ups. As a sufficient market inclinations. I agree this is my views ups ups ups an away.
I agree whew nice entry. Pete$ an a successful bottom ins. goings forwards.
Perfect timings for growth of company PPs holding the faiths.
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