Barrick Gold Corp said on Wednesday that Chief Executive Officer Jamie Sokalsky would step down on Sept. 15, a move likely to put more power into the hands of the miner's new executive chairman, John Thornton.Thornton, who earlier this year took the reins from Barrick founder and long-time chairman Peter Munk, has already been driving many of the company's major moves in recent months, from an ill-fated attempt to merge with rival Newmont Mining Corp to its recently announced joint venture with Saudi Arabian Mining Co (Ma'aden)."The perception of investors was that there were internal management conflicts between the board and the executive team," said Josh Wolfson, a gold analyst at Dundee Securities."Now there is no question on who is in control."
Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. Shares of ABX traded higher by 1.96% or $0.36/share to $18.69. In the past year, the shares have traded as low as $15.26 and as high as $21.45. On average, 10078700 shares of ABX exchange hands on a given day and today's volume is recorded at 3915630.
Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. Shares of ABX traded higher by 2.08% or $0.41/share to $20.12. In the past year, the shares have traded as low as $16.19 and as high as $23.78. On average, 2485080 shares of ABX.TO exchange hands on a given day and today's volume is recorded at 878910.
Newmont Mining Corporation is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Indonesia, Ghana, New Zealand and Mexico. Shares of NEM traded higher by 2.43% or $0.6/share to $25.29. In the past year, the shares have traded as low as $20.79 and as high as $34.27. On average, 6648230 shares of NEM exchange hands on a given day and today's volume is recorded at 2418127.
Source
