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Tuesday, January 8, 2013

Barrick Gold ends talks with China Gold over African Barrick, (NYSE: ABX), (TSE: ABX.TO)

Barrick Gold Corp said it is no longer in talks with state-owned China National Gold Corp to sell it a stake in its majority-owned, London-listed gold producer African Barrick Gold. Canadian mining major Barrick Gold, which owns 74 percent of African Barrick, said in August it was in early-stage talks with China National Gold about the possible sale of all or part of its stake.

Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities. Shares of ABX fell by 1.47% or $-0.51/share to $34.09. In the past year, the shares have traded as low as $31.00 and as high as $50.39. On average, 7398530 shares of ABX exchange hands on a given day and today's volume is recorded at 6081763.

Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities. Shares of ABX remained unchanged at $33.57. In the past year, the shares have traded as low as $31.18 and as high as $50.33. On average, 2531860 shares of ABX.TO exchange hands on a given day and today's volume is recorded at 1603987.



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