TORONTO – May 2, 2008, marked 25 years since BARRICK GOLD began trading on the TSX. To mark the occasion, company executives opened the market in Toronto that morning.
The company noted in its announcement that its stock began trading on May 2, 1983, at $1.20/share. An investment in Barrick of $10,000 at that time would be worth $322,583 on April 30, 2008. During 2007, Barrick produced 8.1 million oz of gold. It has the largest market capitalization of any gold producer in the world.
“We celebrate our 25th as the leader in the gold mining industry, with approximately 125 million ounces of gold reserves and 51 million ounces of measured and indicated resources, located on some of the most prolific gold belts in the world,” said chairman, funder and acting CEO Peter Munk. “Today Barrick Gold is the world’s pre-eminent gold company, recognized for our ability to deliver on what we promise. Our values guide us. We have produced solid earnings through ethical business practices and a commitment to share the benefits of mining with the communities where we operate.”
CMJ congratulates Barrick on its 25 unparalleled years and wishes it many, many more. (www.Barrick.com)