Barrick Gold Corp. (ABX) shares were slammed today, shedding 8.36% in the regular session after a Chilean court on Wednesday suspended the company’s work on its Pascua Lama mine after indigenous communities complained that the project is threatening their water supply and polluting glaciers.The appeals court in the northern city of Copiapo charged the Toronto-based mining [...]
Gold Mining In Alaska
January 26, 2012 By
A GeoNomic Investing Exclusive: While Alaska may be known more for its historic mining; there is a modern day gold rush taking place in the state, with explorers looking to develop large-scale projects. A few companies also are operating producing mines in Alaska, and still, other companies are looking at restarting old mines that closed [...]
Stock Upgrades and Downgrades
January 24, 2012 By
The following resource related stocks saw analyst upgrades/downgrades on Jan 24th: Potash Corporation of Saskatchewan (NYSE: POT) was downgraded to Neutral from Overweight at JP Morgan. Price target is $48. Barrick Gold Corp (NYSE:ABX) was downgraded by RBC Capital Markets to Sector Perform from Outperform. Comstock Resources (NYSE:CRK) was downgraded to Neutral from Accumulate at Global Hunter [...]