Barrick Mining stock soars near 52-week high as gold price glitters

Barrick Gold Corporation company's annual general meeting in Toronto on Tuesday, April 28, 2015. Shares in Barrick Gold Corp. rose in Toronto after it announced it would sell its 50 per cent non-operated interest in a mature Australian gold mine for US$750 million in cash. THE CANADIAN PRESS/Nathan Denette
Barrick Gold Corporation company’s annual general meeting in Toronto on Tuesday, April 28, 2015. (THE CANADIAN PRESS/Nathan Denette) · The Canadian Press

Shares of Barrick Mining (ABX.TO)(B) climbed on Monday after the company raised its dividend and expanded its share buyback program. The Canadian firm says higher realized gold prices significantly padded its cash flows in the third quarter.

Toronto-listed Barrick shares gained as much as 7.6 per cent on Monday, adding to a more than 120 per cent year-to-date advance fuelled by bullion’s rapid rise in 2025. The yellow metal is on pace for its best year since 1979, according to research compiled by financial services firm Carson Group.

Barrick reported financial…

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