Barrick proposes rebrand to reflect broader copper strategy
CEO Mark Bristow says Barrick is building a substantial copper business alongside its core gold operations.
Canada-headquartered Barrick Gold is rebranding as Barrick Mining, a move that reflects the company’s increasing emphasis on copper alongside its core gold operations.
The proposed name change is subject to shareholder approval at the company’s annual and special meeting on May 6. If approved, the change will take effect at the start of trading on May 9.
Alongside the rebranding, Barrick will also change its NYSE ticker from ‘GOLD’ to ‘B’, while retaining the ‘ABX’ symbol on the TSX. The new CUSIP number for Barrick common shares will be 06849F108.
“Barrick’s vision is to be the world’s most valued gold and copper exploration, development and mining company. Along with our world-class portfolio of six Tier 1 gold mines, we are building a substantial copper business which will be a meaningful contributor to growing our production volumes in the coming years and beyond,” said Barrick president and CEO Mark Bristow.
“Barrick Mining Corporation and our new stock symbol, ‘B’, better reflect Barrick’s current business and our mission to achieve sustainable and profitable gold and copper growth.
"Gold remains core to our foundation and we will continue to explore for and develop new gold mines, including the expansion of Pueblo Viejo, the exciting Fourmile gold project in Nevada and exemplified by the Reko Diq project with its world class mix of both copper and gold,” Bristow said.
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