Barrick CEO Casts Doubts on a Kinross Deal Given Pricey Climate
Mark Bristow
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
Kinross Gold Corp.’s exit from Russia has raised prospects of the Canadian company becoming a takeover target -- though acquisitive major Barrick Gold Corp. doesn’t seem too interested.
Barrick Chief Executive Officer Mark Bristow mused about takeover opportunities in a Wednesday interview, including whether the world’s No. 2 gold producer would be interested in all or part of Kinross. Shares of the fellow Toronto-based miner are trading near two-year lows after shedding its assets in the riskier countries of Russia and Ghana in the past month.