Barrick Gold (ABX) says life-of-mine costs at its troubled Lumwana copper mine in Zambia appear...

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David Urban Comments (1034)
 
The whole purchase of Equinox Minerals was more of a push by Canada to keep a major asset out of the hands of the Chinese so this story is a bit more complicated than people realize.

They may writedown the goodwill from the purchase price but exploration efforts this year have unlocked a major discovery.

In the end it balances itself out.
30 Jan, 11:59 AM Reply Like

TDWelander Comments (371)
 
Maybe for a few billionaires it balances itself out. The rest of us appear to get poop; which of course is not what we are looking for.
Unless the major discovery increases gold or some precious metals output, Equinox appears to be a dog. Thanks for the heads up. I will watch to see what Barrick has to say.
4 Feb, 05:08 PM Reply Like

TDWelander Comments (371)
 
Thanks. Any new details would be appreciated; especially any new major discovery details. Or send those obstructionists out there scrambling for details.
Or give those obstructionists some real distractions so the product lines can continue with minimum distractions.
30 Jan, 12:47 PM Reply Like

Venerability Comments (3051)
 
David,

I think they are confusing African Barrick with Barrick, even though African Barrick is 70-80 percent Canadian Barrick owned?

Barrick needs to start the PM sector Uber-M&A that's going to dominate 2013.

So does NEM.

(May I present you to PZG? Or several others in very safe jurisdictions with superb promise?)
30 Jan, 01:42 PM Reply Like