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HGMCF - The Companies With Gold Mines In Papua New Guinea And Why You Should Care
Harmony Gld Mng Ltd Ord
For those that invest in gold, you know the jurisdiction of a company's gold mine isn't always the most important thing to risk-manage... until it is. Investors in Barrick Gold (GOLD) found this out when Papua New Guinea decided not to renew their lease in the Porgera gold mine on April 24th of this year.
No clear reason was given by the Papua New Guinea government and it happened so unexpectedly that Barrick is calling the move "nationalization without due process." Barrick Gold is going to continue to appeal the decision, but Prime