During Tuesday’s Afternoon trade, Shares of Barrick Gold Corporation (NYSE:ABX), lost -2.44% to $11.19, after Gold and platinum prices pulled back Tuesday as the dollar vaulted higher against other currencies and as traders braced for news from the Federal Reserve.
The most actively traded gold contract, for August delivery, was recently down $8.30, or 0.7%, at $1,177.50 a troy ounce on the Comex division of the New York Mercantile Exchange, according to WSJ.
Barrick Gold Corporation produces and sells gold and copper. The company is also involved in exploration and mine development activities. It conducts mining, development and exploration, and other activities in various countries, counting the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia.
Shares of CyberArk Software, Ltd. (NASDAQ:CYBR), inclined 0.27% to $71.02, during its current trading session.
CyberArk Software, declared it won the Identity and Authentication Administration Award at NetworkWorld Asia Information Administration Awards 2015. The annual awards program, organized by Questex Asia, recognizes the best vendors in information security, storage and data administration in Asia.
The three-phase nomination process involved nominations from numerous vendor partners, resellers and Questex Asia’s Enterprise Team to NetworkWorld Asia’s editorial team for consideration in 30 award categories. More than 100 regional IT leaders and CIOs of end-user organizations were invited to vote for a winner in each category.
CyberArk Software Ltd. develops, markets, and sells software-based IT security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor privileged account access and activities.
Finally, B2Gold Corp. (NYSEMKT:BTG), lost -3.13%, and is now trading at $1.55.
B2Gold Corp., declared robust results from the Optimized Feasibility Study (OFS) of Fekola Gold Project, commencement of construction at Fekola in Mali and the closing of the formerly declared $350 million Revolving Credit Facility. All dollar figures are in United States dollars unless otherwise indicated. All Fekola Project amounts are on a 100% ownership basis.
Highlights of the Optimized Fekola Feasibility Study
- Open pit gold mine with an initial production life of mine (“LOM”) of 12.5 years based on probable mineral reserves
- Average annual gold production for years one through seven of 350,000 ounces per year at a $418 operating cash cost per ounce
- Average annual LOM gold production of 276,000 ounces per year at an operating cash cost of $552 per ounce
- New open pit probable mineral reserves of 49.2 million tonnes at a grade of 2.35 grams per tonne (“g/t”) gold containing 3.72 million ounces of gold at a stripping ratio of 4.5:1
- Average LOM gold recovery of 92.8% resulting in a total of 3.45 million ounces produced over the 12.5 year life of mine
- Estimated pre-production capital cost of $395 million plus $67 million for fleet and generator costs which are predictable to be lease financed. This does not comprise about $30 million of early work on plan to be accomplished by the end of June 2015
- Cumulative LOM net cash flow pre-tax of $1.66 billion at an assumed gold price of $1,300 per ounce
- Net present value (“NPV”) pre-tax of $1.01 billion at a 5% discount rate generating a pre-tax internal rate of return (“IRR”) of 35%
- Plant and supporting infrastructure will be built to a design throughput of 4.0 million tonnes per annum with a 25% design factor which allows for future throughput expansion with minimal additional capital outlay
- Pre-construction activities have commenced at the Fekola Project and, based on current assumptions, commencement of production is predictable in the fourth quarter of 2017
- The Company closed its formerly declared new Revolving Credit Facility with a syndicate of international banks (the “New RCF”), for an aggregate amount of $350 million.
B2Gold Corp., a mid-tier gold mining company, explores and develops mineral properties in Nicaragua, the Philippines, Namibia, Burkina Faso, and Chile. The company principally explores for gold, silver, and copper.
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