The stock is trading at $18.09, above the 15-year low achieved in July ($13.43) but definitely not strong.
From the Financial Times:
Peter Munk to step down at Barrick Gold
Peter Munk is poised to step down as
Barrick Gold’s
chairman, three decades after the Canadian entrepreneur launched the
company that he turned into the world’s largest gold miner.
Mr Munk’s announced intention to retire comes as
Barrick
wrestles with financial problems caused by the falling gold price and
investment overruns, and after some investors this year increased their
criticism of his oversight of the company’s corporate governance....
MORE
...Institutional
investors have been pressing for change at Barrick in meetings with
directors this year. “The board is addressing the issues that have been
raised with our directors, which include . . . succession in the
chairman role at the company, consistent with Mr Munk’s desire to retire
as chairman,” Barrick said on Friday in its amended filing....
from the broker,
Elise Kalles:
Old Forest Hill Road,Toronto Canada
