16:19:10 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,778,068,071
Close 2020-08-07 C$ 38.56
Market Cap C$ 68,562,304,818
Recent Sedar Documents

Globe says Barrick, others enjoy a summer to remember

2020-08-10 08:40 ET - In the News

Also In the News (C-K) Kinross Gold Corp (2)
Also In the News (C-NGT) Newmont Corp
Also In the News (C-PAAS) Pan American Silver Corp
Also In the News (C-WPM) Wheaton Precious Metals Corp

The Globe and Mail reports in its Saturday edition that this relentless rally in Canadian stocks has been brought to you by natural resources. The Globe's Tim Shufelt writes that unlike the U.S. stock rally, which is being sustained by a handful of tech and consumer behemoths, the Canadian market is enjoying a commodity boom. Metals, energy and lumber have stormed back from their winter lows, gaining strength off of China's economic resurgence, a broad improvement in global industrial indicators and optimism that the spread of COVID-19 can be curbed. In oil, West Texas Intermediate has more than tripled from its April low, while metals prices have leapt higher, led by gold's ascent into record territory. The recovery of the global industrial economy took a leap forward in July, with manufacturing indicators in the United States, Europe and Canada returning to expansion territory. With bullion futures trading well north of $2,000 an ounce, the Canadian gold mining sector has collectively more than doubled in share price over roughly the last four months. The Globe notes that of the top-30 performing stocks in the Canadian benchmark index so far this year, 20 of them are gold and silver miners.

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