Deals
Barrick Back on Top As the World’s Most Valuable Gold Company
- Company's pulled `some rabbits out of a hat,' analyst says
- President says $3 billion debt reduction first, not final step
Barrick Back on Top as Gold Rally Helps Turnaround
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Barrick Gold Corp. has surged to become Canada’s best-performing stock as a two-month rally in the precious metal gives added lift to the company’s turnaround efforts.
Barrick’s shares are up 27 percent this year in Toronto, making it the best-performing stock on the Standard & Poor’s/TSX Composite Index. It’s also overtaken its two biggest competitors, Goldcorp Inc. and Newmont Mining Corp., in market capitalization, allowing it to reclaim the title of the world’s most valuable gold company.