Canada - (In Sept. 9 story, corrects cost guidance range in second paragraph to $425-445, not $425-455) (Adds paragraph 8 on industry M&A environment and paragraphs 14-16 on gold price outlook)
By Frank Tang
DENVER (Reuters) - A senior executive of Barrick Gold (nyse: ABX ) said Tuesday that the world’s largest gold producer will meet its [...]
What do you think the buyout price would be? I estimate 2B cash, and a 1:3 abx:auy shares.
That comes out to $9.66 in stock (at abx $29) and $2.86 cash per share = $12.52 or a 50% premium to current AUY prices. Total purchase price = 8.7B
This would dilute ABX to a little [...]
The recent declines in the gold price have caused a huge amount of air to whoosh out of gold share prices, to the extent that they now represent pretty good value.
Barrick Gold Corp. (ABX) is a Canadian company, with mostly North American production, plus some in South America and Africa, and copper and zinc add-ons. [...]
Canada Hot Stocks: Cameco, Grande Cache Coal, Gold Stocks
Last Update: 8/15/2008 11:00:00 AM
Among the companies whose shares are making notable moves in Friday’s session are
Cameco Corp. (CCJ), Grande Cache Coal Corp. (GCE.T), Barrick Gold Corp. (ABX),
Goldcorp Inc. (GG) and Kinross Gold Corp. (KGC).
Cameco Corp.’s (CCJ, C$30.55, -C$2.77, -8.3%) second-quarter net income fell due
to lower earnings [...]
By Christopher Barker
Beijing has its medals. Canada has its metals. A Toronto-based mining company stepped to the podium this week to announce a shiny set of earnings.
Yamana Gold (NYSE: AUY) reports that second-quarter revenue increased 83% from the prior year to $337 million, while adjusted earnings improved 34% to $103 million.
Yamana produced more than [...]
Barrick Tgt Cut To $58 From $65 By CIBC >ABX
Last Update: 8/1/2008 7:51:33 AM
(MORE TO FOLLOW) Dow Jones Newswires (201-938-5400)
August 01, 2008 07:51 ET (11:51 GMT)
Possibly Related Posts:
Pearl River Delta repositioned as China’s “reform test field”
The number that scares me the most is the number we can’t get.
“Lyin’ Bankers, Meet Mathematics” By Karl Denninger
Citing quarterly [...]
Barrick Gold Posts Stronger 2Q Net, Sales; Cash Costs Rise
Last Update: 7/31/2008 8:10:38 AM
DOW JONES NEWSWIRES
Barrick Gold Corp. (ABX) posted a 22% improvement in second-quarter earnings and
stronger sales as higher gold prices offset an increase in cash costs.
The world’s largest gold producer, which is based in Toronto, earned $485 million
or 55 cents a share in [...]
NEW YORK (MarketWatch) - Fitch Ratings agency said Wednesday that global banks
have disclosed 80% of their projected losses on subprime mortgage-related
investments, making further ratings actions minor. “As a significant proportion
of the losses have been disclosed, further ratings action arising from ABS-CDO
and subprime RMBS exposures is likely to be minimal,” Fitch analysts said in a
report. The [...]
Barrick Gold Raised To Buy From Hold By Blackmont >ABX
Last Update: 5/7/2008 11:18:04 AM
(MORE TO FOLLOW) Dow Jones Newswires
May 07, 2008 11:18 ET (15:18 GMT)
Possibly Related Posts:
Pearl River Delta repositioned as China’s “reform test field”
The number that scares me the most is the number we can’t get.
“Lyin’ Bankers, Meet Mathematics” By Karl Denninger
Citing quarterly real [...]
Barrick Gold Posts Stronger 1Q Net On Higher Prices >ABX
Last Update: 5/6/2008 8:34:38 AM
DOW JONES NEWSWIRES
Despite lower gold production in the first quarter, a significantly stronger
realized gold price helped push Barrick Gold Corp.’s (ABX) earnings and sales
higher.
The gold company earned $514 million or 58 cents a share in its latest quarter,
compared with a loss of [...]
Inflation, Interest Rates and Gold
Gold may be down from its high, but it’s not out.
“It still looks heavy at this point. The downtrend that we are seeing at the moment is probably going to start slowing down soon,” Taso Anastasiou, technical strategist at UBS Investment Bank (UBS), told Reuters.
In fact, gold’s current price could be [...]
Trying to accumulate more shares of AUY, GG and ABX
Gold prices drop to around $850 which is the price it will bounce back up.
Look for the gold price bounce back up $1000 by the end of May or early of June
I will stick with AUY, GG and ABX for at least two month for a [...]
Nilam Resources Inc. Rated ‘Speculative Buy,’ Target Price $2.61 by Beacon Equity
Research
DALLAS, Apr 29, 2008 (BUSINESS WIRE) — Nilam Resources Inc. (NILR) has been
rated Speculative Buy with a price target of $2.61 by Beacon Equity Research
Analyst, Victor Sula, Ph.D.
The full report is available at http://www.BeaconEquity.com.
Anyone interested in receiving alerts regarding Nilam Resources Inc. research
should e-mail [...]
Canada benchmark fails to end positive
By MarketWatch
Last Update: 5:42 PM ET Apr 28, 2008
SAN FRANCISCO (MarketWatch) — Canada’s benchmark ended in negative territory
Monday, as a sharp drop in the materials sector offset gains in all other
sectors.
The benchmark S&P/TSX Composite Index (CA:SPTSX) slipped 18.02 points, or 0.1%,
to end at 14,085.85.
But advancers outpaced decliners 853 to 718 [...]
Canada Hot Stocks: Gold Stocks Rise On On Higher Gold Price
Last Update: 4/7/2008 2:00:01 PM
Among the companies whose shares are making notable moves in Monday’s session are
Barrick Gold Corp. (ABX), Goldcorp Inc. (GG), Baja Mining Corp. (BAJ.T) and Open
Range Energy Corp. (ONR.T).
Gold companies Barrick Gold Corp. (ABX, C$45.33, C$1.27, 2.9%) and Goldcorp Inc.
(GG, C$41.63, C$0.83, [...]
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