- Reuters•1 hour ago
TORONTO/BUENOS AIRES, Oct 28 (Reuters) - Chinese state-owned miners considering buying into Barrick Gold Corp's operations in Argentina would take on assets that are under regulatory scrutiny and entangled in lawsuits and investigations. China's Zijin Mining Group Co and Shandong Gold Mining Co have held separate talks to buy a 50-percent stake in the Veladero gold mine, one of Barrick's core mines, four sources with knowledge of the process told Reuters this week. Barrick would like any buyer to also make an investment in its nearby Pascua-Lama gold and silver project, two of the sources said.
- Reuters•16 hours ago
Barrick Gold Corp hopes to develop a "steady stream" of projects on its land in the El Indio belt in Argentina, making it the likeliest candidate for a partnership deal, a top executive said in an interview on Thursday. Toronto-based Barrick is open to offers to buy or take stakes in its five major mines, including Veladero in Argentina, President Kelvin Dushnisky also said earlier, after Reuters reported the company had held talks with Chinese miners. China's Zijin Mining and Shandong Gold Mining have held separate discussions with Barrick about buying a 50 percent stake in Veladero, according to four sources with knowledge of the process.
Barrick Gold Corporation (ABX)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||16.76 x 400|
|Ask||16.79 x 300|
|Day's Range||16.62 - 17.28|
|52wk Range||6.90 - 23.47|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||-8.21|
|Avg Vol (3m)||15,692,778|
|Dividend & Yield||0.08 (0.48%)|