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Barrick Gold, the world's number one miner of the precious metal, said on Monday gold prices could "easily" outperform recent record highs to rise above $1,500 an ounce in the next year. "From what we're hearing, there are still significant new buyers coming into the market," Jamie Sokalsky, the company's chief financial officer, told Reuters on the sidelines of the London Bullion Market Association here. "My view is that we could see much stronger prices still from here," he said, adding: "I can see gold easily taking out new highs and going above $1,500 an ounce in the next year."...

Just last week, major gold miner Barrick Gold (ABX) announced that it had fully eliminated its hedge book, and so from here on out, its earnings would be fully exposed to the price of the metal. When it was announced, the stock popped, since everyone's bullish on gold. But on Friday the gold market tanked on huge volume, sending Barick shares down nearly 9%. So was de-hedging the right move? As it happens, on December 1, the company presented at the Scotia Capital Precious Metals Conference, during which they explained some of their rationale. Let's hope they got their timing...

Barrick Gold to work on mine despite court ruling Fri Dec 4, 6:18 pm ET TORONTO – Global mining giant Barrick Gold Corp. will continue work on a massive gold mine project in Nevada even though a U.S. court of appeals ordered more environmental analysis on the mining project, a company spokesman said Friday. Vincent Borg said work will continue on its new $500 million Cortez Hills mine a day after a three-judge panel of the U.S. Court of Appeals for the 9th Circuit granted an injunction to force Barrick Gold to postpone digging a 2,000-foot deep open pit at...

US court blocks huge gold mine project in Nevada Posted on December 3, 2009 at 6:31 PM RENO, Nev. (AP) — A federal appeals court on Thursday temporarily blocked construction of a massive gold mine project in northeast Nevada that critics say would harm the environment and ruin a mountain that several tribes consider sacred. In a rare legal setback for the mining industry in the nation's largest gold-producing state, a three-judge panel of the 9th Circuit Court of Appeals granted an injunction to force Barrick Gold Corp. to postpone digging a 2,000-foot deep open pit at the Cortez Hills...

VANCOUVER, British Columbia , Sept 9 (Reuters) - A U.S. court has ruled that a case against Barrick Gold Corp. ABX.TO and J.P. Morgan Chase JPM.N alleging they conspired to manipulate the gold price can proceed to trial, court documents obtained on Tuesday show. A Louisiana district court judge ruled last Wednesday that the antitrust case brought by New Orleans-based coin and bullion dealer, Blanchard & Co., against the world's third-biggest gold producer and the U.S. financial services giant can go ahead. Blanchard alleged in a lawsuit filed in mid-December that Barrick and J.P. Morgan Chase made $2 billion in...

An anti-trust lawsuit filed today accuses Barrick Gold Corp., Toronto, and J.P. Morgan Chase & Co., New York City, of "unlawfully combining to actively manipulate the price of gold" and making (US) $2 billion in short-selling profits by suppressing the price of gold at the expense of individual investors.