Barrick retains a stake of about 74%, according to an African Barrick filing on Feb. While his elimination of Barrick’s gold hedges led to a US$5.7-billion charge in the third quarter of 2009, it enabled the company to capture the full value of rising gold prices.īy March 2010, Regent had completed the spinoff of the company’s African operations with the initial public offering in London of African Barrick Gold Plc African Barrick has dropped 30% since then. and a senior managing partner at investment firm Brookfield Asset Management Inc. Regent was formerly CEO of nickel miner Falconbridge Inc. This advertisement has not loaded yet, but your article continues below.
