(Bloomberg) -- Barrick Gold Corp., the world’s No. 2 bullion producer, is looking for investment opportunities in Canada as prices for the precious metal push higher.
Chief Executive Officer Mark Bristow said he’s cautious about embarking on major deals but is keeping an eye out for opportunities in the company’s home country to buy or build a mining project.
“It’s a good jurisdiction to invest in, and if there’s one place we look all the time, it’s Canada,” Bristow said during an interview in Toronto on Monday. “Would we like more Canadian exposure? Of course.”
Barrick shares surged as much as 9.5% on Monday, its biggest intraday jump since 2020, after the company posted second-quarter earnings that beat analyst expectations. Gold also rose.