- Barrick Gold Corporation ( NYSE: GOLD ) has authorized to repurchase up to C$1B of company's outstanding common stock over the next 12 months at prevailing market prices.
- The company has terminated previous share repurchase program announced on February 16, 2022 under which it repurchased C$424M in common shares.
- “After the success of last year’s buyback program, this new program gives us a further opportunity to repurchase our shares when we believe that they are trading in a price range that does not reflect the value of the Company’s mining and financial assets and future business prospects,” said Mark Bristow, President and Chief Executive. “We continue to have the financial strength to undertake this program.”
- This program may be suspended or discontinued at any time at the company’s discretion.
- A quick look at the company's ownership structure:
For further details see:
Barrick Gold launches new C$1B share buyback program