Pinnacle Digest

Tag: gold market

Barrick Profit Margins Soar in Q3 2020

Posted on by Alexander Smith
gold mining

Barrick, it seems, is becoming more profitable by the day. With gold above $1,900 for much of the past quarter, Barrick is benefiting from higher metal prices. Barrick’s Q3 US$3.54 billion in revenue, up from US$2.68 billion, surprised even the most bullish on the street. The gold market remains one of the best performing sectors […]

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Barrick Gold CEO Sees New Base Price for Gold

Posted on by Alexander Smith
declining reserves fueling rally in gold

On August 10th, Barrick Gold Chief Executive Officer Mark Bristow spoke with “Bloomberg Markets” about his company’s focus. Gold continues to bounce back after a major sell-off Tuesday that saw the metal fall more than $100. The price of the precious metal was up nearly $30 an ounce Thursday to $1,948.32 an ounce in afternoon […]

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