The Toronto-headquartered $44 billion mining company may relocate to the U.S. from Canada, chief executive Mark Bristow said. The move could place Barrick in the S&P 500 Index and give it access to more shareholders, he said, and it might happen faster under the Trump administration. There’s “no doubt” the U.S. market is the “right place to be,” Bristow said. (The Globe and Mail)

Talking point: Barrick has multiple mines in Nevada and a shareholder base in the U.S., but the process of redomiciling can be challenging and lengthy. One way the company could relocate is by acquiring another company, but Bristow said there aren’t many candidates right now. Donald Trump has said foreign companies that move to the U.S. won’t be hit by tariffs and will benefit from low tax rates. Meanwhile, Barrick is currently at odds with the Malian government over a settlement payment and the firm’s adherence to mining rules from 2023, but Bristow told BNN Bloomberg the conflict would get resolved.