Barrick in Russia...

Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

Reply New Message

Prev Message Back To Forum Threaded View Next Message

infojoe

Rank: President [?]

Points: 15715 [?]

Votes: 155 Score: 4.0 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Barrick in Russia...

posted on Mar 07, 2008 06:51AM

It was mentioned a few minutes ago on BNN that Barrick's foray into Russia was an indication of top tier producers taking on added political risk in light of depleting reserves. Never underestimate the power of the dollar. Goldcorp has postured against projects outside of NA, but economics will dictate where they WILL go. Nothing will help the Crystallex SP more than a competing bid from a party thought out of the running. I hope Fung has left the lines of communication open...

Barrick Gold Corp. (ABX CN): The largest gold producer is seeking a Russian partner for a venture to develop mines in the country and bid for Sukhoi Log, the largest untapped gold deposit there, Barrick Chief Executive Officer Gregory Wilkins said in an interview in Toronto. Barrick fell 2.3 percent at C$50.93.