Barrick Gold eyes deals with rewritten M&A playbook
To mitigate risk, it is targeting low-cost production assets in the Americas and will stay focused on its core gold area
Toronto
BARRICK Gold Corp is actively reviewing acquisitions and in the past 18 months considered at least one transformational deal, as it seeks to boost looming production declines and drive growth, four people familiar with the company's thinking told Reuters.
It marks a shift for Barrick, which has focused on selling assets to reduce debt in recent years, and signals a possible return to familiar territory as the world's largest gold producer warms again to dealmaking.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Gold prices drift higher as Fed stands pat on key interest rate
Oil falls to 7-week low on surprise US storage build, Middle East hopes
US, Philippines eye agreement to cut China nickel dominance
Oil eases on higher US crude output, hopes of Israel-Hamas ceasefire
Glencore now sees FY trading division profit between US$3 billion-US$3.5 billion
Hong Kong team plants seeds to safeguard legacy grains