The Toronto-based miner also said it plans to change its ticker symbol on the New York Stock Exchange from “GOLD” to “B” to better reflect its growing focus on copper. The name change is subject to shareholder approval at the firm’s annual meeting on May 6 and the ticker symbol change will take effect May 9. (The Logic)
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The Toronto-based miner also said it plans to change its ticker symbol on the New York Stock Exchange from “GOLD” to “B” to better reflect its growing focus on copper. The name change is subject to shareholder approval at the firm’s annual meeting on May 6 and the ticker symbol change will take effect May 9. (The Logic)
Talking point: Barrick CEO Mark Bristow has been working on an expansion into copper for years, because of the metal’s role in transitioning away from fossil fuels and towards electricity as a source of power. In January 2024, the firm reportedly floated a takeover of copper miner First Quantum, but it never came together. Earlier this month, Barrick approved plans to develop a US$6-billion copper and gold project called Reko Diq in partnership with the governments of Pakistan and Balochistan. As it pivots to copper, Barrick is also capitalizing on the high price of gold by selling mines.
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