Barrick Gold Corporation Closes the Market

Mark Bristow President and Chief Executive Officer, Barrick Gold Corporation (TSX: ABX)  joined Loui Anastasopoulos Chief Executive Officer, Toronto Stock Exchange (TSX), to close the market and celebrate the Company's historic 40-year milestone anniversary.


Barrick is a sector-leading gold and copper producer. Their portfolio spans the world's most prolific gold and copper districts and is focused on high-margin, long-life assets.

SOURCE Toronto Stock Exchange

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Precipitate Gold: Exploring in Prospective Mining Jurisdictions in the Dominican Republic

Precipitate Gold Corp. (TSXV:PRG) has launched its campaign on the Investing News Network’s resource channel.

Precipitate Gold is a mineral exploration company with district-scale strategic land positions in the Dominican Republic. The company is currently advancing its Pueblo Grande and Juan de Herrera projects in the Dominican Republic, where the company is also working to expand its existing portfolio. Precipitate Gold always works to acquire 100 percent of the properties that it owns, ensuring that there are no outstanding vendor payments or working commitments.

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Beauce Gold: Placer to Hard Rock Gold Exploration in Southern Quebec

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Antler Hill: Gold and Copper Exploration in Argentina’s San Juan Province

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Top Stories This Week: Gold Price Drops, Then Bounces on Trump Victory, Fed Rate Cut

The gold price faced both ups and downs this week as two key events impacted the industry.

The period began on a strong note for the yellow metal, which was steady at around the US$2,740 per ounce level on Monday (November 4) and Tuesday (November 5). However, Donald Trump's victory against Kamala Harris at the polls had a negative effect on gold — it sank to just under US$2,650 on Wednesday (November 6).

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Significant Exploration Target for Golden Ridge, NE Tasmania

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Fed Cuts Rate in Post-Election Meeting, Gold and Silver Gain

Hot on the heels of Donald Trump’s victory in the US presidential election was an important meeting of the US Federal Reserve’s Federal Open Markets Committee (FOMC) on November 6 and 7.

At the meeting, the committee decided to lower the benchmark rate by 25 basis points to 4.5 to 4.75 percent. This marks the second cut by the FOMC, which made an outsized 50 point cut at its last meeting in September.

The rate cuts have come as inflation has cooled towards the 2 percent target set by the Fed when it first began raising interest rates in February 2022. While the personal consumption expenditure index for September had fallen to an overall 2.1 percent increase year-over-year, the committee was still concerned about some stickiness, as the PCE less food and energy prices was up 2.7 percent.

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News Provided by Business Wire via QuoteMedia

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Wheaton Precious Metals Announces Third Quarter 2024 Results and Record Quarterly Operating Cash Flow

Designated News Release
THIRD QUARTER FINANCIAL RESULTS

"Wheaton achieved record cash flow from operations in the third quarter of 2024, underscoring the effectiveness of our business model in leveraging rising commodity prices, with our cash operating margins increasing by over 30% relative to the third quarter of 2023. Our portfolio of operating assets delivered solid production levels, continuing to support our annual production guidance range for 2024 of 550,000 to 620,000 gold equivalent ounces," said Randy Smallwood, President and CEO of Wheaton Precious Metals. "Shortly following the quarter, Wheaton announced two accretive, precious metals streaming agreements, including a new stream on Montage's Koné Project and an amendment to the existing stream on Rio2's Fenix Project. Together, these transactions further diversify our strategic partnerships and the geography of our portfolio. Once ramped-up, the Koné Project is forecast to contribute meaningful near-term production, reinforcing Wheaton's already prominent position as a leader in the sector's growth landscape."

News Provided by Canada Newswire via QuoteMedia

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