EXPM:HRTFF - Post by User
Post by
Eggbuson Sep 06, 2020 9:42am
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Post# 31516507
The big majors are shopping
The big majors are shopping Barrick on Monday said it will continue to consider mergers and acquisitions and Mr. Bristow said this year it has done due diligence on six companies in Canada, including producers and explorers.
Barrick’s CEO has made no secret of his desire to make an acquisition in Canada. The company has just one mine in its home country and has accumulated $2-billion worth of tax shields from historical losses. Those shields could be potentially offset against future profits should it make an acquisition of a profitable Canadian gold miner.