Barrick Gold (TSX: ABX; NYSE: GOLD) has agreed to sell its 50% interest in Kalgoorlie Consolidated Gold Mines (KCGM) in Western Australia to Saracen Mineral Holdings (ASX: SAR) for US$750 million in cash.KCGM owns and operates the Kalgoorlie mine, also known as the Super Pit, about 550 km east of Perth.Barrick holds a 50% interest in the joint-venture and Newmont Goldcorp (TSX: NGT; NYSE: NEM)...Read More
As we work through tax-loss selling season, there are signs everywhere that 2020 could finally be a breakout year for the precious metals space and the beaten-down juniors that are in position to be active.Money is finally starting to trickle back into the exploration side of the sector.Kai Hoffman noted that last week total financing dollars offered was just shy of C$100 million, which is a 15-we...Read More
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