The threat of resource nationalism shifts to Barrick Gold (ABX -1.2%) and Goldcorp (GG -1.6%),...

|About: Barrick Gold Corporation (ABX)|By:, SA News Editor

The threat of resource nationalism shifts to Barrick Gold (ABX -1.2%) and Goldcorp (GG -1.6%), as the Dominican Republic’s congress says it wants a more favorable contract on the Pueblo Viejo mine, which reached commercial production two weeks ago. If the tax rate was raised to 35% and the net smelter royalty to 5%, NAV assumptions for each company could drop $0.40-$0.50/share.