Barrick Gold (ABX) hopes its Pascua-Lama project will enter production in 2014, but don't count on it, TD Securities says; the firm now assumes first production in 2016 along with $1B additional capital costs after suspension of the Chilean portion. ABX is unlikely to cancel the project because of the importance to its long-term future, but a cancellation would be a "significantly positive impact" on its balance sheet. [View news story]
And it's time for us Barrick shareholders to take a hand by telling Chile that we shareholders will respond to Chili's highhanded violations of legal contracts by boycotting Chilean imports (such as fruit), tourism to Chile, etc. Just Google the Chile Embassy for their address, phone numbers and email address. Chile needs to be hit in their pocketbook, just as we shareholders have!
Barrick Gold (ABX -8.3%) says it is suspending construction work on the Chilean side of the Pascua-Lama project while working to address environmental and other concerns to the satisfaction of Chilean authorities after a court shut down the mine. Construction activities in Argentina, where the majority of Pascua-Lama's critical infrastructure is located, are not affected. [View news story]
It's time for us Barrick shareholders to take a hand by telling Chile that we shareholders will respond to Chile's highhanded violations of legal contracts and previously approved environmental permits by boycotting Chilean imports (such as fruit), tourism to Chili, etc. Just Google the Chili Embassy for address, phone numbers and email address. Chili needs to be hit in their pocketbook, just as we shareholders have!
A Chilean court reportedly suspends Barrick Gold's (ABX) controversial $8.5B Pascua-Lama project after indigenous communities protested over environmental concerns. ABX says it has not been notified of the decision by the court. ABX -2.8% premarket. [View news story]
It's time for us Barrack shareholders to take a hand by telling Chile that we shareholders will respond to Chile's highhanded violations of legal contracts by boycotting Chilean imports (such as fruit), tourism to Chile, etc. Just Google the Chile Embassy for address, phone numbers and email address. Chile needs to be hit in their pocketbook, just as we shareholders have!
Inflation Will Not Take Off Until This Happens [View article]
Good reminder of some fundamentals that tend to be obscured among all the "noise" out there. It took decades for the Speculators and Spenders to get us into this hole. It has taken 5 years to stop the decline and to level off. In my view, it will take another 5 years to get back to real (not artificial) growth and an additional 5 years+ for inflation to raise its ugly head.
Barrick Gold (ABX) says customs authorities in the Dominican Republic halted a shipment of gold from the recently-opened Pueblo Viejo mine. There is no explanation for the action, but Pueblo Viejo has been under pressure from local politicians seeking a more favorable contract. A local report suggests the Dominican president told customs to halt the shipment pending a new agreement. [View news story]
If true, add Dominican Republic to the list of Latin American countries that won't honor their legal contracts. We should embargo the cheap clothing made there!
The Future For Gold Supply Looks Grim: An Opportunity For Gold Investors [View article]
Barrick Gold And Harmony Gold Can Inflate Your Portfolio [View article]
Can Chairman Bernanke Talk Investors Out Of Higher-Yielding ETFs? [View article]
Barrick Gold (ABX) hopes its Pascua-Lama project will enter production in 2014, but don't count on it, TD Securities says; the firm now assumes first production in 2016 along with $1B additional capital costs after suspension of the Chilean portion. ABX is unlikely to cancel the project because of the importance to its long-term future, but a cancellation would be a "significantly positive impact" on its balance sheet. [View news story]
Chile needs to be hit in their pocketbook, just as we shareholders have!
Barrick Gold And The Pascua-Lama Disaster [View article]
Silver Wheaton: What Is The Impact Of The Latest Delay At Pascua Lama? [View article]
Barrick Gold Dealt Setback At Mega Mine By Chilean Court Ruling [View article]
Barrick Gold (ABX -8.3%) says it is suspending construction work on the Chilean side of the Pascua-Lama project while working to address environmental and other concerns to the satisfaction of Chilean authorities after a court shut down the mine. Construction activities in Argentina, where the majority of Pascua-Lama's critical infrastructure is located, are not affected. [View news story]
Just Google the Chili Embassy for address, phone numbers and email address.
Chili needs to be hit in their pocketbook, just as we shareholders have!
A Chilean court reportedly suspends Barrick Gold's (ABX) controversial $8.5B Pascua-Lama project after indigenous communities protested over environmental concerns. ABX says it has not been notified of the decision by the court. ABX -2.8% premarket. [View news story]
Chile needs to be hit in their pocketbook, just as we shareholders have!
4 Factors That Will Lead To Increasing Gold Prices [View article]
Inflation Will Not Take Off Until This Happens [View article]
The Cardinal Question: When Will Rates Rise? [View article]
World's Top 6 Gold Producers: 5th Place, Goldcorp [View article]
Barrick Gold (ABX) says customs authorities in the Dominican Republic halted a shipment of gold from the recently-opened Pueblo Viejo mine. There is no explanation for the action, but Pueblo Viejo has been under pressure from local politicians seeking a more favorable contract. A local report suggests the Dominican president told customs to halt the shipment pending a new agreement. [View news story]
What It Really Costs To Mine Gold: The Yamana Gold Edition [View article]