Major Pains for Barrick Gold & South Africa

Kitco News' Alex Letourneau highlights the Barrick Gold Pascua-Lama project and how it affects Silver Wheaton on this edition of "Mining Minutes." The current state of the metals markets has everyone asking, "is it still feasible to mine at these gold and silver prices?" Watch now for an inside look at the current trends in the mining industry. Kitco News, July 3, 2013.

Barrick Gold Laying Off 30% of Corporate Staff Due To Slumping Gold Prices

Barrick Gold is cutting about 100 jobs to "streamline" their operations. Is this due to how low gold prices are resulting in mining companies struggling to turn a profit?

The cuts are a small portion of the 25,000 employees that Barrick has worldwide but represent its ongoing efforts to streamline during a period of falling gold prices and company-specific challenges.

Most of the corporate jobs are at Barrick's head office in Toronto, but some are at its regional offices.

Gold Stocks outlook

Gold Stocks outlook with Frank Holmes, U.S. Global Investors CEO/CIO, and Anne Mulcahy, former Xerox chairman/CEO.Holmes : strong Gold Bullion prices outpacing Gold Stocks , Gold Stock historic outperform Gold price by 3:1 Holmes sees opportunity to buy healthy gold mining Cos. he would stay away from Barrick Gold




Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Barrick Gold Declares Quarterly Dividend

The Board of Directors of Barrick Gold (ABX) today announced that it has approved a quarterly dividend of $0.12 per share, payable on March 15, 2011 to shareholders of record at the close of business on Feb. 28, 2011.
Shares are up 0.47% or $0.23 to $49.42.

Barrick CEO Gold not in a Bubble

Barrick Gold CEO Aaron Regent on the factors supporting the price of gold.