Barrick Gold Corp » ., the world’s second-largest bullion producer, is actively exploring investment opportunities in Canada » as gold prices continue to rise. CEO Mark Bristow » has expressed a cautious approach regarding major deals but is keen on seeking potential acquisitions or development projects within the country.
“Canada is a great place to invest, and it’s a location we constantly monitor,” Bristow stated during an interview in Toronto on Monday. He added, “Would we like more exposure in Canada? Absolutely.” This sentiment reflects Barrick's strategic focus on stable jurisdictions for growth.
On Monday, Barrick's stock experienced a notable surge, climbing by up to 9.5%—the largest intraday increase since 2020—following the announcement of second-quarter earnings that exceeded analyst expectations. This uptick in Barrick's performance comes amid rising gold prices, prompting mining companies to pursue acquisition opportunities as a way to expand their operations. In a related move, Gold Fields Ltd. announced a $1.6 billion acquisition of Canada’s Osisko Mining Inc » ., gaining full control over a significant gold project and enhancing its presence outside South Africa » . Read More »
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