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Gold Miners Jump With Berkshire Sending Barrick to 2013 High

  • Barrick, the world’s second-largest gold miner, jumps 11%
  • Berkshire stake will ‘spark a bit more general interest’
Warren Buffett
Warren BuffettPhotographer: Bloomberg/Bloomberg
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Barrick Gold Corp. surged to the highest closing price in more than seven years, leading gains in precious-metals miners after Warren Buffett’s Berkshire Hathaway Inc. added the company to its portfolio.

Barrick, the world’s second-largest miner of the metal, jumped 12% and a Bloomberg Intelligence gauge of senior gold miners climbed after Berkshire on Friday reported a purchase of 20.9 million shares as of the end of the second quarter. Greenwood Village, Colorado-based Newmont Corp., the largest producer, was also higher Monday, along with Kinross Gold Corp. and Harmony Gold Mining Co.