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Barrick Gold Weighing Move of Main Stock Listing From Toronto to New York

CEO Mark Bristow says the company is debating a move but that it has no current plans to do so.

Image: Veladero mine, San Juan Province, Argentina. Source: Barrick Gold

(Reuters) – Canadian gold miner Barrick Gold Corp is weighing moving its main listing from Toronto to New York, the company’s chief executive said, a step that would weaken its traditional links to Canada, according to a Wall Street Journal report on Wednesday.

Chief Executive Mark Bristow said the company was debating a move to the New York Stock Exchange, but added there were no current plans to do so, according to the WSJ report.

Strong bullion prices have boosted Barrick Gold’s shares about 65% higher this year, taking its market capital to C$70.61 billion ($53.17 billion). It trades on NYSE with the symbol GOLD.

Reporting by Arunima Kumar in Bengaluru; Editing by Devika Syamnath


Source: Reuters

The Fed model compares the return profile of stocks and US government bonds.