Abuse by Barrick Gold Corporation Barrick's Porgera Gold Mine
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Top 20 Largest - Consolidated Short Position Report
Top 20 Largest - Consolidated Short Position Report Please find below the Top 20 Largest Consolidated Short Position Report Highlights. The report is produced twice monthly, effective the 15th and the end of each month. The report below covers the 2-week period ending December 31, 2013. TSX Markets (a division of TSX Inc.) collects this information on behalf of Investment Industry Organization of Canada. Participating Organizations are required to file this information pursuant to Universal Market Integrity Rule 10.10. Issue Name Symbol As of Dec 30 As of Dec 15 Net Change LUNDIN MINING CORPORATION LUN 60,372,644 62,894,431 -2,521,787 BOMBARDIER INC. CL B SV BBD.B 52,650,735 33,988,500 18,662,235 NEW GOLD INC. NGD 46,377,287 47,205,108 -827,821 OSISKO MINING CORPORATION J OSK 43,675,171 43,720,790 -45,619 THOMSON REUTERS CORPORATION TRI 41,633,981 28,979,682 12,654,299 ATHABASCA OIL CORPOATION J ATH 37,568,553 38,388,408 -819,855 MANULIFE FINANCIAL CORPORATION MFC 37,428,824 46,959,284 -9,530,460 BARRICK GOLD CORPORATION ABX 32,416,329 24,026,847 8,389,482 BROOKFIELD OFFICE PROPERTIES INC. BPO 32,255,989 20,777,738 11,478,251 HUSKY ENERGY INC. HSE 29,269,593 26,681,348 2,588,245 LEGACY OIL + GAS INC. LEG 29,210,825 29,114,197 96,628 CELESTICA INC. SV CLS 28,638,415 36,833,550 -8,195,135 BCE INC. BCE 28,544,803 24,118,117 4,426,686 GREAT-WEST LIFECO INC. -
Market Index Uniflex 10%
Investment and retirement 5% 10% Market Index Uniflex 10% 25% Main Product Features 25% 6-year term (not redeemable before maturity) Guarantee of principal on maturity of 100% Low management fees of 1% per year 10% 15% $500 minimum deposit An easy way to diversify Cut-off age: 64 y/o (registered) and 70 y/o (non-registered) Even under a scenario where the return of each share is negative, this product may produce a global positive return Sector diversification of the Market Index Uniflex How it works On the settlement date, a starting level will be determined for each Canadian share included in the portfolio. On the maturity date, a ratio of the closing level over the starting level for each share will be computed. The 8 best performing shares during the 6-year term will be automatically assigned a fixed return of 60%, regardless of whether the actual return was positive or negative. The remaining 12 shares will be assigned their actual return. The global return (maximum 60%) will be calculated by averaging these 20 returns. The value at maturity will be the highest value between: the initial deposit; or the initial deposit PLUS global return (maximum 60%) Exposure to 20 Canadian companies included in the S&P/TSX 60 Index Company Sector Company Sector Metro Inc. Scotiabank Consumer staples Loblaw Companies Limited The Toronto-Dominion Bank Royal Bank of Canada Financial services Bank of Montreal Enbridge Inc. Sun Life Financial Inc. TransCanada Corporation Cenovus Energy Inc. Energy Canadian Natural Resources Limited Canadian National Railway Industrials Suncor Energy Inc. -
Adapting to Climate Change: a Guide for the Mining Industry
Adapting to Climate Change: A Guide for the Mining Industry Julia Nelson, Manager, Advisory Services Ryan Schuchard, Manager, Climate and Energy This guide is part of a BSR This primer on climate change adaptation summarizes how companies in the industry series. For additional mining industry are reporting on climate change risks and opportunities, and highlights current and emerging best practices and guidance for E&U companies climate adaptation briefs, please visit www.bsr.org/adaptation. on how to develop a proactive approach to climate change adaptation. In this brief, mining refers to companies involved in the extraction of a broad range of metals and minerals, including precious metals, base metals, industrial Contents and Methodology minerals, coal, and uranium. This brief covers: Introduction Reporting on Risks and Opportunities: A synopsis Due to the wide geographic distribution of mining operations, climate change, including temperature and precipitation shifts as well as more frequent and based on reporting of climate severe extreme weather events, will have complex impacts on the sector. risk in 2009 by 41 mining Climactic conditions will affect the stability and effectiveness of infrastructure and companies to the Carbon equipment, environmental protection and site closure practices, and the Disclosure Project (CDP). availability of transportation routes. Climate change may also impact the stability and cost of water and energy supplies. Current Practices: An outline of actions related to climate Some examples: Warming temperatures will increase water scarcity in some change adaptation based on locations, inhibiting water-dependent operations, complicating site rehabilitation reporting from the CDP, and bringing companies into direct conflict with communities for water resources. -
Lumwana Data Related News
Search for mines and projects Lumwana Data Owner Share % Barrick Gold Category Type Sub-Type Status Startup Year Product Annual Production Run-of-Mine Copper Gold - Cobalt - Reserves Resources Country Zambia Nearest Port Nearest Town / City View All Data Related News Skeena Intersects 24 g/t Gold Over 3.2 Metres at Snip 2016-11-01 VANCOUVER, BC--(Marketwired - November 01, 2016) - Skeena Resources Limited (TSX VENTURE: SKE) ("Skeena" or the "Company") is pleased to announce the final assay results from the recently completed drill program at the past-producing Snip high-grade gold project ("Snip") located in the Golden Triangle of northwest British Columbia. Highlights include 24.44 g/t Au over 3.2 metres, including 38.3 g/t Au over 1.9 metres in hole S-16-16 which, along with hole S-16-17, were targeted to further extend the newly discovered Twin West Structural Corridor. Barrick’s $1bn Super Pit stake said to draw Kinross, Zijin 2016-10-07 Barrick Gold’s stake in the Kalgoorlie Super Pit mine has drawn interest from Kinross Gold and Zijin Mining Group in a sale that could fetch as much as $1-billion, people with knowledge of the matter said. Australian producers Newcrest Mining, Northern Star Resources and Evolution Mining are also reviewing data on the mine ahead of possible indicative bids, which are due by the end of October, according to the people. Argentina approves restart of Barrick’s Veladero mine 2016-10-04 The world’s largest gold miner by output Barrick Gold has been given permission to restart operations at its Veladero mine – one of its cornerstone mines – in San Juan, Argentina. -
The Porgera Mine – Papua New Guinea
To the Ministry of Finance Recommendation of 14 August 2008 Contents 1 Introduction 1 2 Sources 2 3 The Council’s considerations 3 4 Accusations of severe environmental damage and other factors 4 5 The Porgera mine – Papua New Guinea 6 5.1 Background 6 5.2 Riverine tailings disposal 8 5.2.1 Sediment load 8 5.2.2 Discharge of heavy metals 11 5.3 Environmental effects on the flood plain and Lake Murray 13 5.3.1 Mercury pollution 16 5.3.2 Health and social effects associated with the tailings disposal 18 6 Barrick’s response to the Council 20 7 The Council’s assessment 22 8 Conclusion 25 9 Recommendation 25 1 Introduction At a meeting held on 4 October 2005, the Council on Ethics for the Government Pension Fund – Global decided to assess whether investments in the company then known as Placer Dome, currently Barrick Gold Corporation, would imply a risk of the Fund contributing to severe environmental damage under the Ethical Guidelines, point 4.4. As of 31 December 2007 the Government Pension Fund – Global held shares worth some NOK 1,274 million in the company. Barrick Gold is a Canadian mining company, which, in several countries, has been accused of causing extensive environmental degradation. The Council has investigated whether riverine tailings disposal from the Porgera mine in Papua New Guinea generates severe environmental damage, and finds it established that the mining operation at Porgera entails considerable pollution. The Council attributes particular importance to the heavy metals contamination, especially from mercury, produced by the tailings. -
Barrick Responsibility Report 2007 What Is Responsible Mining?
Barrick Responsibility Report 2007 What is responsible mining? About this Report The 2007 Responsibility Report summarizes Barrick’s global environmental, health, safety and social (EHSS) performance. The Responsibility Report and supplemental documents provide information on all of our operations and joint ventures, as well as corporate and regional offices. Data presented in this report are for the calendar year 2007. The data are aggregated globally and intensity indices are used where relevant. We recognize that the audience for our responsibility reporting is diverse and their information needs are broad. In order for us to meet the needs of all our stakeholders the 2007 Responsibility Report focuses on our performance and the significant issues we are confronting. It is supplemented on our website by more detailed Regional Responsibility Reports, comprehensive data tables and more information on our management approach to Corporate Social Responsibility. See www.barrick.com/CorporateResponsibility. Our annual report on the International Council on Mining and Metals (ICMM) Principles, our Global Reporting Initiative (GRI-G3) Index and the UN Global Compact Communication on Progress (COP) report are all available on our website. We are committed to transparent disclosure of our social responsibility performance and critical issues raised during the year. Issues discussed in this report and on our website were identified by: • Stakeholder feedback and concerns • Consideration of key environmental, health, safety and social risks to our business • Use of the Global Reporting Initiative including the new G3 guidelines Barrick includes, with each Responsibility Report, a third-party review of our report and the associated process of data collection and verification. -
1 Fact Matrix in Response to May 28, 2020 JCAP Report “Novagold Pipe Dream: the Deposit That Will Never Be Mined”I Sentence
Fact Matrix in Response to May 28, 2020 JCAP Report “NovaGold Pipe Dream: The deposit that will never be mined”i Sentence Statement Response Factual Support 1 (2)1 For the last 15 years, NovaGold’s management team has False and Misleading • The information presented was objective and factual, systematically misled investors with subjective not subjective, based on reliable information available presentation of information about a deposit so remote at the time. and technically challenging that the mine will never be built. • It is false and misleading to conflate two eras of management over the past fifteen years into one. The present management team has been leading NOVAGOLD for the past eight years. • It is common in the gold mining industry to deal with remote properties. Donlin Gold, however, is not so remote or technically challenging that the mine could not be built. The feasibility of the Donlin Gold project is documented in the publicly-available Donlin Creek Gold Project Alaska, USA, NI 43-101 Technical Report on Second Updated Feasibility Study,” effective November 18, 2011, amended January 20, 2012 (“FSU2”). • The FSU2 details the extensive technical, environmental, and social studies that were conducted by reputable firms with Donlin Gold’s Native Corporation partners and local stakeholders to ensure the longevity and viable development of such an important deposit in the Yukon-Kuskokwim region. • The pipeline design and analysis are detailed in NOVAGOLD’s FSU2 and Donlin Gold’s “Natural Gas Pipeline Plan of Development Donlin Gold, Revision 1”, December 2013, prepared by SRK Consulting, Inc., “Supplemental Information for the Donlin Gold Natural Gas Pipeline State Pipeline Right-of-Way Lease Application (ADL 231908)”, 1 Numbers in parentheses refer to the page of the JCAP report cited. -
Kinsley Technical Report
MINE DEVELOPMENT ASSOCIATES A Division of RESPEC TECHNICAL REPORT Of THE KINSLEY PROJECT, Elko and White Pine Counties, Nevada, U.S.A. Submitted to: Authors: Michael Gustin, C.P.G. Gary L. Simmons, MMSA QP 605 - 815 Hornby Street, Vancouver, British Columbia Canada V6Z 2E6 Report Date: May 26, 2021 Effective Date: May 5, 2021 775-856-5700 210 S Rock Blvd Reno, NV 89502 www.respec.com MINE DEVELOPMENT ASSOCIATES A Division of RESPEC CONTENTS 1.0 SUMMARY .................................................................................................................................... 1 1.1 Location and Ownership ...................................................................................................... 1 1.2 Exploration and Mining History .......................................................................................... 2 1.3 Past Production ..................................................................................................................... 3 1.4 Geology and Mineralization ................................................................................................. 3 1.5 Drilling, Sampling, Sample Preparation, Analysis, and Security ........................................ 4 1.6 Data Verification and Quality Assurance-Quality Control .................................................. 5 1.7 Metallurgical Testing ........................................................................................................... 6 1.8 Mineral Resource Estimate ................................................................................................. -
Franco-Nevada Corp. (NYSE: FNV) 11.17.2020
Investment Management Program Franco-Nevada Corp. (NYSE: FNV) 11.17.2020 Analyst: Chris Harootunian Email: [email protected] Sector: Basic Materials Stock Type: Large Growth Industry: Gold MKT CAP: $25.6325B Current Price Fair Value 52 Wk Range $134.80 $99.68 $77.18 – 166.11 Company Overview: Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the Key Stock Statistics bulk of its revenue from gold, silver, and platinum. The Yield 0.77% company does not operate mines, develop projects, or Beta 0.61 conduct exploration. Revenue $973.80M Executive Summary: Operating Margin 54.87 Franco-Nevada Corp. has exhibited strong growth and Net Income $263M returns this year, and since the purchase of this stock EPS 1.39 for the portfolio. In April of 2017, the Wisman fund Operating Cash Flow $742M purchased 57 shares of FNV at $69.86 a share. It is Free Cash Flow $560M currently trading at 134.80 and has returned 26.2% Return On Assets 4.95 YTD with a holding return of 86.1%. Due to the Return on Equity % 5.19 uncertainty of the COVID-19 pandemic and the P/E 97.09 volatility of the economy it is time to consider selling a P/B 4.92 portion of the shares. The outlook for the gold industry P/S 26.30 is cloudy and FNV’s peers are trading at a more P/FCF 34.48 affordable price. -
Vedron Gold Inc.: Placer Dome Commences Follow-Up Drilling
NEWS RELEASE TRANSMITTED BY CCNMatthews FOR: VEDRON GOLD INC. SHARES: 25,351,863 TSX VENTURE SYMBOL: YVG OCTOBER 21, 2002 - 09:15 EDT Vedron Gold Inc.: Placer Dome Commences Follow-up Drilling TORONTO, ONTARIO-- Timmins Gold Camp, Timmins, Ontario Vedron Gold Inc. is pleased to announce Placer Dome (CLA) Limited has commenced follow-up drilling on the Buffalo Ankerite property, on which Vedron holds a gold production royalty in the form of a Net Smelter Royalty. The Buffalo Ankerite Property is located directly south of the Fuller Deposit property where Vedron established a 700,000 ounce gold resource during 1996-1998. During April and May of this year Placer completed 23 drill holes on the Buffalo Ankerite property where nearly one million gold ounces were produced from 1926-1974. Placer plans to complete about 25 more drill holes in the current phase of program to confirm the presence of a potentially economic gold zone. The Vedron Fuller Deposit property and the Buffalo Ankerite property are adjacent to the Dome Mine operation, now part of the Porcupine Joint Venture with Kinross Gold, where Placer Dome produces in excess of 300,000 gold ounces per year. Vedron Gold holds the Fuller Deposit property subject to Placer earning their option to acquire the Fuller Deposit property and then making an acquisition payment plus production royalty payments. Vedron holds a 2% NSR on the Buffalo Ankerite property. Vedron recently announced the acquisition a production royalty on the Zenda Mine project in Kern County, California. Vedron Gold is continuing to review further possible royalty purchases. -
Dedicated and Pragmatic, Melanie Is Considered “An Extremely Capable
Dedicated and pragmatic, Melanie is considered “an extremely capable M&A lawyer,” with one client stating she is “one of the best strategic deal counsellors we’ve come across in any sector, not just mining.” Chambers Global 2017 Melanie’s ability to bring strategic thinking to clients’ public and private mergers Melanie A. Shishler and acquisitions is the reason organizations across numerous sectors rely on Partner her expertise for their complex transactions. A significant portion of Melanie’s M&A practice is working with clients in the Office mining sector. Her skill in this area has earned Melanie recognition in Chambers Toronto Global for Mining. She is lead counsel on worldwide and significant M&A initiatives for Barrick Gold Corporation as well as numerous intermediate and Tel 416.863.5510 junior mining companies. She is well regarded by clients for her insight into the business realities of Email Canadian and international M&A. Melanie, says a client, “gives frank advice, [email protected] which is always top notch, but also grounded in commercial sense, regarding what’s possible and how to do the transaction.” (Chambers Global 2016) Expertise Mergers & Acquisitions Melanie is a member of our Management Committee. Mining Corporate Governance REPRESENTATIVE WORK Capital Markets & Securities Roxgold Inc. Bar Admissions Acted for Roxgold Inc. in its C$1.1billion business combination with Fortuna Ontario, 1999 Silver Mines Inc. to create a premier growthoriented global intermediate gold and silver producer. The Pallinghurst Group Acted for The Pallinghurst Group, a private investor in the global natural resources sector, in its joint 5050 acquisition with Investissement Québec of Québecbased Nemaska Lithium Inc. -
Gold Mining Company Lowers Costs and Improves Productivity Case Study
Customer Case Study Gold Mining Company Lowers Costs and Improves Productivity Barrick Gold Corporation selected Cisco Outdoor Mesh Access Points to cut costs and improve efficiency of mining operations. Business Challenge EXECUTIVE SUMMARY Barrick Gold Corporation is the gold industry leader in production, Customer Name: Barrick Gold Corporation reserves, and market capitalization. The company operates globally, Industry: Gold mining and production Headquarters location: Toronto, Canada with a portfolio of 26 operating mines and advanced exploration and Number of Employees: 26,000 employees development projects and large land positions on some of the most BUSINESS CHALLENGE prolific and prospective mineral stores. ● Increase mine productivity, efficiency, and safety As a progressive mining company dedicated to continuous ● Provide continuous access and updates to improvement, Barrick Gold commenced the upgrade of Caterpillar Caterpillar Minestar software for fleet management and other applications MineStar dispatch system from a legacy 900 Mhz to Cisco Mesh ● Reduce costs technology. This program has a flow-on effect to the disparate NETWORK SOLUTION networks being consolidated for fleet management, loading, hauling, ● Created outdoor mesh wireless network, deployed on solar-powered trailers across bulldozing, dispatch: all in real-time, without manual uploads or mine and inside pit legacy two-way radios. The overall goals included lowering day-to- ● Relocate network communication resources to suit mobile fleet patterns day costs across mines, and improving efficiency and safety. To ● Monitor and manage dispatch process from accomplish this, data and updates needed to be transmitted in real- central control room time to the centralized control room to help management and BUSINESS RESULTS ● Closely monitored dispatch process and dispatchers alike make smart decisions about the mine’s efficiency, managed operational efficiency productivity, asset maintenance, and safety.