Gold stocks slaughtered, Barrick drops 10%
The world's number one gold miner led a sell-off on Thursday after announcing a stock sale to pay down debt at a deep discount.
Latest Stories
Bond market guru Bill Gross to super-rich: we must pay more taxes
"The era of taxing “capital” at lower rates than “labor” should now end."
Halliburton exec’s new drink of choice: Fracking fluid
Vice-President John Gorman sipped on fracking fluid this week, and he's not the only one.
Barrick Gold announces Canada’s biggest stock deal ever
In after hours trading, Barrick is down 5.42% to $18.32 per share as of 5 p.m. ET
Barrick announces plan to reduce debt launches $3.0 billion public equity offering
Funds will be used to strengthen its balance sheet and improve the long-term liquidity position of the company.
Big vote of confidence for promoter of Brazil’s largest gold project
Defying a very weak gold sector, Belo Sun Mining soared 14% in heavy volume as investors take big bets the Toronto firm's Amazon gold project is a go.
Another Canadian miner fights over rights in Kyrgyzstan
Stans Energy is seeking close to US$118 million in compensation for losses and damage through an international arbitration action launched Thursday.
BofA Merrill Lynch: ‘No damage’ to gold’s long-term uptrend
Bank of America Merrill Lynch's Head of Global Technical Strategy MacNeil Curry sees "at least $100 upside" for gold from current levels.
Hawkish Fed, weak Chinese demand sink gold price
Heavy selling saw gold give up $28 an ounce on Thursday after the Fed hinted its easy money program may be ending sooner than thought and Chinese premium buyers exited the market.
