18:32:52 EDT Fri 16 Apr 2021
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,778,189,894
Close 2021-02-19 C$ 24.93
Recent Sedar Documents

FP/wire say Barrick no longer interested in Freeport

2021-02-22 07:17 ET - In the News

The Financial Post reports in its Saturday edition that Barrick Gold says the window has closed on a potential deal with Freeport-McMoran Inc., given the run-up in copper prices and recent comments from the world's largest publicly traded producer of the industrial metal. A Bloomberg dispatch to the Post says that Barrick had engaged in conversations with Freeport in an effort to boost its exposure to copper, chief executive officer Mark Bristow told Bloomberg. Talks were "both remote and direct," he said, without indicating when they took place or if they were focused on a potential corporate tie-up or asset deals. A surge in copper prices to eight-year highs has pushed up valuations of producers of the metal used in wiring, with Freeport's stock nearly tripling in the past 12 months. Freeport CEO Richard Adkerson also dismissed a merger of equals in October as the Phoenix-based company pushed ahead with retooling its massive copper-and-gold flagship mine in Indonesia. Barrick closed Friday at $24.93, down 78 cents on the Toronto Stock Exchange.

© 2021 Canjex Publishing Ltd. All rights reserved.