Business & FinanceDeals
03 May 2023, 4:24 pm 1 minute
Reuters was first to report that Barrick Gold Corp is not interested in buying Canadian miner Teck Resources’ copper business. Barrick CEO Mark Bristow told Reuters in an exclusive interview that the world’s second-biggest gold miner would instead expand its copper business through organic growth. Bristow sighted lack of synergies and Teck’s debt load for his decision not to pursue the business.
Earlier on Wednesday, Barrick beat Wall Street expectations for first-quarter profit, as higher gold prices outweighed a decline in production. Barrick shares were up 1.2% by late morning, in a flat broader market.
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Business & Finance
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
No comment yet, add your voice below!