Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Barrick Gold Corporation
  6. News
  7. Summary
    ABX   CA0679011084

BARRICK GOLD CORPORATION

(ABX)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Barrick CEO says tie-up with Freeport would have been logical move

03/01/2021 | 11:31am EDT
CEO of Randgold Mark Bristow poses for a photograph at the London Stock Exchange, London

TORONTO (Reuters) - Barrick Gold Chief Executive Mark Bristow said on Monday a combination with copper miner Freeport McMoRan "had a lot of logic to it" even though a deal between the companies did not pan out.

Freeport CEO Richard Adkerson told Reuters last week that he has no desire to combine Freeport with Barrick or another gold producer, saying such a deal didn't make sense.

"That's Richard's position and I respect that," Bristow said during a webcast at the BMO Capital Markets Metals and Mines conference. "It didn't work out, but it certainly had a lot of logic to it."

Bristow said there is a growing role for copper in Barrick's portfolio but his first priority is to expand assets the Toronto-based miner already owns.

He expressed interest in Freeport last year, but rising copper prices have pushed up the U.S. miner's relative stock market valuation.

Bristow said last month that Barrick had successfully turned around its Lumwana copper mine in Zambia and could be interested in buying a smelter.

(Reporting by Jeff Lewis, Editing by Franklin Paul and Paul Simao)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BARRICK GOLD CORPORATION -0.50% 25.93 Delayed Quote.-10.59%
FREEPORT-MCMORAN INC. 1.12% 35.19 Delayed Quote.35.24%
GOLD -0.11% 1798.99 Delayed Quote.-4.80%
S&P GSCI GOLD INDEX -0.17% 1049.8372 Delayed Quote.-4.71%
SILVER -0.08% 25.163 Delayed Quote.-3.55%
All news about BARRICK GOLD CORPORATION
07/23BARRICK GOLD : Responds to Potentially Misleading Reuters Report
AQ
07/23UPDATE : Gold Falls Clings Above US$1,800 as Investors' Risk Appetite Sharpens
MT
07/23December Gold Contract Ends Down US$3.30; Settles at US$1,801.80 per Ounce
MT
07/23Gold Falls Back Below US$1,800 as Investors' Risk Appetite Sharpens
MT
07/22UPDATE : Gold Edges Higher Despite a Weaker Dollar as Bond Yields Fall
MT
07/22August Gold Contract Ends Up US$2.00; Settles at US$1,805.40 per Ounce
MT
07/22Cyber attack disrupts major South African port operations
RE
07/22Gold Edges Higher on a Weaker Dollar and Falling Bond Yields
MT
07/21UPDATE : Gold Clings Above US$1,800 Despite Rising Bond Yields as the Dollar Fal..
MT
07/21August Gold Contract Ends Down US$8.00; Settles at US$1,803.40 per Ounce
MT
More news
Financials (USD)
Sales 2021 12 251 M - -
Net income 2021 2 078 M - -
Net cash 2021 1 010 M - -
P/E ratio 2021 18,1x
Yield 2021 3,80%
Capitalization 36 678 M 36 653 M -
EV / Sales 2021 2,91x
EV / Sales 2022 2,73x
Nbr of Employees 17 500
Free-Float 99,4%
Chart BARRICK GOLD CORPORATION
Duration : Period :
Barrick Gold Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BARRICK GOLD CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 24
Last Close Price 20,62 $
Average target price 28,51 $
Spread / Average Target 38,2%
EPS Revisions
Managers and Directors
Dennis Mark Bristow President, CEO & Non-Independent Director
Graham Patrick Shuttleworth Chief Financial Officer & Senior Executive VP
John Lawson Thornton Non-Independent Executive Chairman
Gustavo A. Cisneros Independent Director
Joseph Brett Harvey Lead Independent Director
Sector and Competitors
1st jan.Capi. (M$)
BARRICK GOLD CORPORATION-10.59%37 182
NEWMONT CORPORATION0.53%50 311
POLYUS-10.34%26 747
WHEATON PRECIOUS METALS CORP.3.35%19 831
NEWCREST MINING LIMITED1.51%16 203
AGNICO EAGLE MINES LIMITED-14.37%15 147