Gold shares will eventually track bullion higher: Barrick's Regent

As gold continues to beat consensus forecasts, analysts will have to change their assumptions, and equities in producers will then likely climb, Barrick Gold CEO Aaron Regent said on Wednesday. The biggest factor holding back the share prices of...

Gold producers expect more price gains by year-end

The gold price, which topped $1 600/oz for the first time this month and set another new record on Wednesday, will continue to rise as investors seek out the metal as a haven from risk and central banks increase their buying, top Canadian bullion...

Barrick sees potential to double throughput at Zambia copper mine

Barrick Gold is evaluating potential expansions at its Lumwana copper mine in Zambia which could involve doubling throughput at the operation, executives said on Thursday. The company will complete an expansion study for Lumwana in the second...

Barrick executives appointed to Equinox board

Five Equinox Minerals board members resigned on Friday, as Canadian gold major Barrick Gold’s offer for the ASX- and TSX-listed company became unconditional. Co-founder and CEO Craig Williams, as well as David McAusland, David Mosher, Jim...

High prices are a double-edged sword as costs rise too

Gold producers are pulling in record revenues and cash flow thanks to $1 300/oz-plus prices for the yellow metal, but the downside of the commodities boom is that pricier steel, oil, labour and other necessities are pushing up operating costs and...

Barrick names interim head of corporate development

Top bullion producer Barrick Gold said Alistair Baker will oversee the group's corporate development efforts on an interim basis, after senior vice-president for corporate development Darren Blasutti resigned. Baker is current senior director for...

Barrick to produce 9Moz in 5 yrs, views gold assets as 'highly priced'

Barrick Gold, the world's biggest bullion miner, is targeting production of 9-million ounces a year of the precious metal within the next five years, according to a presentation by CFO Jamie Sokalsky at a London conference on Thursday. The...

Factors driving gold are still in place – Barrick

The concerns that pushed the gold price to record highs above $1 260/oz in the second quarter of this year are not going anywhere, the CFO of the world's biggest producer Barrick Gold said on Thursday. Gold prices have weakened in the last couple...

Two senior executives to leave Barrick Gold

World number-one gold-miner Barrick Gold on Monday announced that the responsibilities of a number of departments would be reshuffled and that two senior executives were leaving the company. Executive vice-president (VP) of organisational...

Barrick not pulling punches with big new S American mine

It seems everything about Barrick Gold's Pascua Lama project, which was approved for construction on Thursday, tends towards the superlative. For a start, the asset's 17,8-million ounces of gold reserves, containing 718-million ounces of silver,...

World gold output will continue to fall – Barrick CEO

Global gold production from mines will continue to decline, as the gold industry battles maturing mines, a scarcity of new discoveries and longer permitting and construction times for new projects, the CEO of the world's biggest gold miner said on...

New Barrick CEO Regent sees 'exciting', 'challenging' time for gold

The world's biggest gold-miner, Barrick Gold, has named chartered accountant Aaron Regent as the company's new CEO, effective January 16. Regent, 43, who was president of Canadian nickel-miner Falconbridge when the company was bought by Xstrata...