• Most Popular
  • Most Shared

Barrick Gold looking at M&A, sees cheap assets

Tue Dec 2, 2008 12:20pm EST

Stocks

   

TORONTO, Dec 2 (Reuters) - Barrick Gold (ABX.TO) is looking at making acquisitions, but will be cautious in its approach, the company's chief financial officer said on Tuesday.

Stocks  |  Mergers & Acquisitions  |  Global Markets

Speaking at an investment conference, CFO Jamie Sokalsky said valuations for both companies and projects have become exceptionally cheap.

"I think we're going to be looking at just about everything in the marketplace," he said in response to an audience question about the company's view on acquisitions. (Reporting by Cameron French; editing by Peter Galloway)

Stocks
Mergers & Acquisitions
Global Markets


More from Reuters

Photo

Business spending holds back economic growth

WASHINGTON (Reuters) - The economy grew at a much slower pace than previously thought in the third quarter, restrained by weak business investment and a slightly more aggressive liquidation of inventories, data showed on Tuesday.

» More Top News
Guadalupe Hernandez receives an ultrasound by nurse practitioner Gail Brown during a prenatal exam at the Maternity Outreach Mobile in Phoenix, Arizona October 8, 2009. Credit: REUTERS/Joshua Lott

Health reform inches closer

Democrats are on the verge of passing landmark legislation by Christmas, with only one more hurdle remaining.  Full Article | Video 

Healthcare Reform
Photo

The end of the carry trade?

Borrowing the dollar cheaply to fund purchases of higher-yielding assets was a no-brainer in 2009, but will it be a safe bet in 2010?  Full Article 

CURRENCIES