The Hatch Feasibility Study allowed the company to successfully fend off a hostile takeover bid by mining giant Barrick Gold by maintaining the price of the company's shares above Barrick Gold's $16 per share tend offer
Former Spanish President of the Government Jose Maria Aznar delivers a speech during the VIII International Gold Simposium on May 21, 2008 in Lima. The meeting is attended by members of the world's main gold mine companies like Canadian Barrick Gold, US Newmont Mining, Southafrican Gold Fields, and for the first time by the Chinesse company Shanghai Gold Exchange.
Protesters stand outside the venue of Barrick Gold Corp's annual general meeting in Toronto May 6, 2008. Soaring gold prices and a timely decision to ditch its corporate hedge book paid off for Barrick in the first quarter as the world's top gold miner posted stronger earnings despite weaker production.
Peter Munk, the founder and chairman of Barrick Gold Corporation, speaks at the company's annual general meeting in Toronto May 6, 2008. Soaring gold prices and a timely decision to ditch its corporate hedge book paid off for Barrick in the first quarter as the world's top gold miner posted stronger earnings despite weaker production.
Peter Munk, the founder and chairman of Barrick Gold Corporation, stands with Canada's former Prime Minister Brian Mulroney (L) before Barrick's annual general meeting in Toronto May 6, 2008. Soaring gold prices and a timely decision to ditch its corporate hedge book paid off for Barrick in the first quarter as the world's top gold miner posted stronger earnings despite weaker production.
Gregory Wilkins, the president and chief executive of Barrick Gold Corporation, speaks at the company's annual general meeting in Toronto May 6, 2008. Soaring gold prices and a timely decision to ditch its corporate hedge book paid off for Barrick in the first quarter as the world's top gold miner posted stronger earnings despite weaker production.
Peter Munk, the founder and chairman of Barrick Gold Corporation, stands on the stage before the company's annual general meeting in Toronto May 6, 2008. Soaring gold prices and a timely decision to ditch its corporate hedge book paid off for Barrick in the first quarter as the world's top gold miner posted stronger earnings despite weaker production.
Peter Munk, the founder and chairman of Barrick Gold Corporation, speaks at the company's annual general meeting in Toronto May 6, 2008. Soaring gold prices and a timely decision to ditch its corporate hedge book paid off for Barrick in the first quarter as the world's top gold miner posted stronger earnings despite weaker production.
Gold has been particularly rewarding, as it has enjoyed a seven-year bull run, and we recommend the purchase of Barrick Gold (ABX: , , )
We believe gold will test $850 to $1,000 per ounce, setting up a favourable dynamic for the world's No. 1 miner Barrick Gold.
This is a winning strategy for Barrick Gold, because even if they lose, they will paralyze Les Éditions Écosociété