World’s No. 2 gold miner is trying to get bigger in copper
For a company with “gold” in its name, Barrick Gold Corp. has become noticeably fixated on copper.
The world’s second-largest bullion producer recently approached First Quantum Minerals Ltd. to discuss a potential takeover, Bloomberg reported last week. And while the move was unsuccessful — Barrick’s informal overtures were rebuffed — its interest in buying a $17 billion copper miner provides the starkest evidence yet of a shifting focus at the company whose origins lie in Nevada’s gold veins…
Imagine gold at $5000 – $10,000 or more an ounce down the road and the Communist/Enviro Fanatics say why are you guys using so much oil, gas and electricity to produce a metal that is bought and then reburied. Your gold mining is now outlawed until further notice. It endangers the environment.
Copper is needed to combat “global warming.” Gold is just a a piece of jewelry on a rich capitalists wife. Diversifying makes perfect sense while you still can.
See the future line of reasoning by the WEF zombies? Don’t think it won’t happen? Think again.