Randgold said to be in acquisition talks with Barrick Gold
The mining blog IKN is reporting that gold miners Barrick Gold (ABX) and Randgold Resources (GOLD) are in advanced stages of talks about a merger. The announcement could come today, Sunday, or tomorrow, according to IKN. There's an absolute paucity of details--such...Gold will be in a supply deficit by 2016, Credit Suisse says
With companies cutting spending on exploration for new gold deposits, development of new discoveries, and expansion of existing mines, gold will enter a supply/demand deficit by 2016, says Credit Suisse. That estimate is worth pondering for anyone trying to figure out where a bottom for gold might be and how long to wait before doing any buying
Yamana looks near to a buying price on Barrick’s troubles
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Even a government shutdown can’t reverse gold’s march lower
Traders and investors who were hoping that a government shutdown and a possible U.S. default if Congress doesn’t raise the debt ceiling would send fear soaring and gold prices climbing have got to be disappointed at today’s action. Gold prices are down today with the December contract falling to $1287 an ounce for a drop of 3.04%