Gold sector struggles to attract investors, despite Barrick’s big promise [Toronto Globe and Mail (Ontario, Canada)]
Barrick Gold Corporation (BC) (GOLD)
Last barrick gold corporation (bc) earnings: 2/12 07:00 am
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randgoldresources.com
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Source: Toronto Globe and Mail
Even the most optimistic investors looking at Barrick Gold Corp.’s tie-up with Randgold Resources Ltd. must ask themselves an uncomfortable question: Can a big merger actually resurrect the gold industry? Executives from both sides, understandably, spent Monday talking up the benefits for their respective firms. Barrick gets a respected management team that avoided the billion-dollar mistakes and write-downs that have plagued the gold industry. Randgold, whose mines are in Africa, gets its hands on a large and diversified asset mix – including some prime properties in safer jurisdictions such as Nevada. Their hope is that investors will appreciate the combined company’s scale. “When you look at the [merger’s] metrics compared with the peer group, there’s a significant re-rating opportunity,” said Graham Shuttleworth, Randgold’s chief financial officer. Story continues below advertisement “Re-rating” means getting a higher multiple from invest
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- Barrick: Lower Than Its 2011 Peak And Not Underpriced, But Still A Buy [Seeking Alpha]Seeking Alpha
GOLD
Earnings
- 2/14/24 - Beat
GOLD
Sec Filings
- 3/28/24 - Form 6-K
- 3/15/24 - Form 6-K
- 3/15/24 - Form 6-K
- GOLD's page on the SEC website