CAPITAL MARKETS

Barrick to spend US$500m on share buyback

BARRICK Gold chief executive Greg Wilkins expects the company's planned US$500 million share buyback to help organise its capital structure rather than work to push its share price over the C$23 mark.

Brad Ricks

Barrick to spend US$500m on share buyback

The world's second-largest gold producer has proposed a scheme to buyback 35 million shares from its public float. Wilkins said after a thorough review of its financial situation, Barrick concluded a...

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