This is why Barrick bought Homestake. They needed Homestake's production to get out from under the hedges. If I was a long-term Homestake holder, I'd want a piece of this litigation. Fortunately, I made a killing on my Homestake :-)
Gold production at most miners is declining due to the lack investment in new exploration. If I was Barrick's banker, I'd be seriously concerned as to whether they can meet these deliveries.
Fortunately, I made a killing on my Homestake :-)
Did they get a good bump when Tommy boy foisted their SD environmental liabilities on the other 49 states?