Two More Barrick Gold Directors Leave; Indian Silver Shifts 2.7%

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Barrick Gold Corp is saying goodbye to two more directors. The company “said in a surprise announcement on Tuesday that two long-time directors, Donald Carty and Robert Franklin, have resigned from the company’s board with immediate effect,” reports Reuters.

“The announcement comes less than two weeks after the world’s largest gold producer announced a major boardroom shake-up, and the planned departure of its founder and chairman, Peter Munk.”

“Barrick Gold, under fire for missteps in a tough market, began to address investor demands for a more independent board earlier this month, by replacing two directors close to its departing founder with a couple of mining industry experts.”

In metal price news for precious metals…

On Tuesday, December 17, Indian silver rose 2.7 percent to finish as the day’s biggest mover. Following a 1.5 percent rise yesterday, the price of Chinese silver closed. US silver prices rose 1.4 percent. Following a two-day drop, the price of Japanese silver increased by 0.3 percent.

* Get the complete prices every day on the MetalMiner IndX℠

Indian gold bullion prices saw a 1.7 percent decline. Chinese gold bullion prices inched up 0.7 percent. Japanese gold bullion closed 0.3 percent lower. The price of US gold bullion finished the market day up 0.2 percent per ounce.

Japanese platinum bar prices saw a 0.8 percent decline. Chinese platinum bar finished the day down 0.3 percent. US platinum bar fell 0.2 percent on Tuesday.

Japanese palladium bar ended the day, after the 0.9 percent drop yesterday. The price of US palladium bar remained essentially flat. Chinese palladium bar stayed flat.