Barrick on track to cut debt by $3 billion this year
World's top gold producer announces free cash flow of $866 million in third quarter.
Frik Els , Editor
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
Newmont slashes costs, mines 16% more gold
Also approves expansion of Tanami mine in Australia.
Gold price drops $30 after Fed
The US Federal Reserve keeps rates near zero, but hints at rate cut in December sending gold tumbling more than $30.
Iron ore price crashes through $50
"The major producers are adding incremental volume at around $20 a tonne, that gives you a sense of where the vulnerability is."
These countries are winning at gold mining
The number of registered artisanal miners, or barrequeros, inside Colombia now top 100,000 and production should keep rising.
Endeavour Mining busting out in West Africa
Shares in fast-growing producer surge after drill results at Cote d'Ivoire "free dig" mine provide extensions of oxide mineralization and fresh resources.
Sandstorm plummets on cheap financing
Vancouver firm drops 12% after announcing a bought deal with bankers at discount followed up by a gold-silver-copper streaming deal with Yamana.
Chinese scrap at 10-year low pressures iron ore price
Chinese scrap – typically around 90% Fe – has fallen to below 62% iron ore at its 2011 peak and below domestic pig iron prices.
Gold price: Hedge funds push bullish bets to 8-month high
Large gold futures speculators lift bullish positions 47% to 345 tonnes, the fifth week in a row of gains ahead of crucial Fed interest rate decision.
Platinum price back to triple digits
This week Volkswagen stopped selling diesel vehicles in Europe while top producer Anglo American announced a 14% surge in output.
Mining’s next boom is off the map: Arctic ice, abyssal plains and asteroids
Depletion, lower ore grades and higher prices pushing miners to new frontiers. The Arctic is already drawing capital, deep-sea mining is moving into a regulatory fight, and space remains the long-dated option.