PRECIOUS METALS

Barrick on way to going out of business - Telfer

Mining legend Ian Telfer said Barrick Gold is on the way to go out of business due to its failure to buy new assets because of what he says is a fixation on assets being able to generate returns at a US$1,200 per ounce gold price, he told delegates at 2022 AME Roundupin Vancouver, Canada.

Paul Harris in Vancouver, Canada
Aris Gold chair Ian Telfer

Aris Gold chair Ian Telfer

"Good assets are hard to find and hard to buy. When they become available they seem way overpriced, but my experience has been that you can't overpay for good assets.  Barrick is on a mission to tie up...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.