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Barrick Gold Corporation (USA) (NYSE:ABX) has been gaining a lot of attention from investors, as data from China shows weaker than expected exports, for September. Analysts at TheStreet believe that investors believe gold to be a relatively safer bet, given the current scenario. Moreover, the Feds meeting was held last month and is scheduled to be held again in December. Minutes from the previous meeting have suggested that Feds are divided on the decision to hike gold prices, in the next meeting. Analysts are predicting another bullish run in Gold. Read more about how this small company could provide large returns on your investment HERE.

The company itself has been very active and recently announced that it had resumed operations at its Veladero mines, in Argentina. The operations had been suspended since September 15, after a pipe was damaged due to falling ice. In addition to this ABX has been considering the sale of its stake in Kalgoorlie Super Pit mine. The sale could raise as much as $1 billion.

The Veladero Mines

Barrick had revealed that the damaged pipe at the mines was used to carry process solution, in the leach pad area, some of which had now flown out. However, the company was successful in limiting the leak to the mining area and returned to the leach pad. As such, environmental impacts from the leak were prevented. Following the incident, ABX made adjustments to its operations, so as to prevent such an incident from happening again. The new changes were successfully implemented and approved by the San Juan provincial authorities. The company has reassured its investors that the suspension period would not have a major impact on the company’s gold production for the FY2016, but it continues to assess the impact.

The Kalgoorlie Stake

It has been reported that ABX has already caught the attention of Kinross Gold Corp and Zijin Mining Group Co, with reports of the possible sale. Some Australian miners have also started to analyze the mine and are expected to make bids, prior to the end of October, 2016. It should be noted here that Barrick has been actively disposing its assets, following a 3-year consistent decline in gold prices. Even though things are starting to improve, the company seems to be sticking to its original strategy.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

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