The Globe and Mail reports in its Friday edition Barrick Gold, for many
years the world's biggest gold
miner measured by market cap,
has now fallen to third, behind
Goldcorp and Newmont Mining Corp., the U.S.
rival it tried to take over last
year.
A Dow Jones dispatch to The Globe says in New York trading Thursday, Newmont Mining
was valued at $11.4-billion, while
Barrick was worth $10.9-billion
on the NYSE and just over $11-billion in Toronto (all figures U.S.). The world's
largest miner by market cap is
Goldcorp, which is valued at
$13-billion in New York.
Barrick has been punished
more than its peers, given a higher
debt load and a portfolio with
less mine life than some other
gold firms. Its shares stumbled again Thursday, closing at $11.98 (Canadian), down 49 Canadian cents on the Toronto Stock Exchange.
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