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Stock impact report

Randgold's hook-up with Barrick to leave large void in London market [Reuters (UK)]

Barrick Gold Corporation (BC) (GOLD) 
Last barrick gold corporation (bc) earnings: 2/12 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: randgoldresources.com
Company Research Source: Reuters
Randgold's hook-up with Barrick to leave large void in London market | Reuters 4 Min Read LONDON (Reuters) - A tie-up between Randgold Resources and Barrick Gold will leave a void in the London market for investors seeking exposure to gold via companies that produce the precious metal. Canada’s Barrick Gold has agreed to buy Africa-focused Randgold for $6.5 billion to create the world’s largest gold producer. It intends to list its shares in the new, enlarged company in New York and Toronto. Randgold, listed in London for 21 years, is the second mining company to announce its departure from the British capital’s stock exchange in three months following Vedanta Resources. “For a London investor in the gold sector, Randgold would be the only real option of a company with a good track record and enough liquidity,” a fund manager at Old Mutual said. “Randgold is going from one-of-a-kind investment in London to the biggest of a group of investments in Canada and New York,” the fund manager Show less Read more
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