Orlando, FL -- (SBWIRE) -- 09/03/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Barrick Gold Corporation (USA) (NYSE:ABX), Yahoo! Inc.(NASDAQ:YHOO).
Barrick Gold Corporation (USA) (NYSE:ABX) shares declined 2.74% to $19.15. The company on August 22 said it has agreed to sell three of its high-cost gold mines in Australia to Gold Fields Ltd (GFIJ.J) for $300 million.
The sale is the latest move by Toronto-based Barrick to re-shape its portfolio and focus on lower cost assets, as it seeks to shore up its balance sheet in the face of weaker metal prices and ballooning capital expenditure costs at its Pascua-Lama gold project high in the South American Andes.
Additionally, Barrick Gold on July 15 reports that the Copiapo Court of Appeals has ruled that the company must complete Pascua-Lama's water management system in compliance with the project's environmental permit to the satisfaction of Chile's Superintendence of the Environment before resuming construction activities in Chile.
The company is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. Barrick also produces copper, principally from the Zaldivar and Lumwana mines and holds other interests, including a nickel development project located in Africa.
Are investors worried about the recent updates with ABX? Find out with a free trend analysis HERE
Yahoo! Inc.(NASDAQ:YHOO) shares declined 0.66% to $27.12. The company’s CFO Ken Goldman will participate in a question-and-answer session at the Citi Global Technology Conference in New York. The session is scheduled to begin on Tuesday, September 3, 2013, at 11:20 a.m. PT / 2:20 p.m. ET.
Additionally, Yahoo Japan Corp. on August 12 said it hired Ryu Hirayama, a former banker at Goldman Sachs Group Inc. (GS) in Tokyo. Hirayama, who was vice president of investment banking at Goldman Sachs, joined Yahoo Japan on Aug. 1, and the company hasn’t decided on his position, said Junji Miyahara, a spokesman for Yahoo Japan.
Moreover, the company on July 22 announced that it has entered into an agreement to repurchase 40 million shares of Yahoo! common stock beneficially owned by Third Point LLC ("Third Point"), at a purchase price of $29.11 per share. The purchase price equals the closing price of Yahoo! common stock on July 19, 2013.
Is YHOO going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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