Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Version: 2000-08-18
Length: 48 pages
Data source: Field research
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Abstract
Barrick Gold was a major international gold mining company with shares traded both in Toronto and in New York and a broad base of institutional investors. Its financial performance had been very strong over the past decade, partly due to very successful gold price hedging. An investor relations program was implemented at Barrick Gold. Senior managers of the company were concerned over the recent performance of the stock which had been impacted by a number of factors including gold price volatility, reduced valuation of ''old economy'' companies and concerns over hedging issues. The company needed to review its positioning in the market and its investor relations to determine the best way to improve shareholder value.
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Abstract
Barrick Gold was a major international gold mining company with shares traded both in Toronto and in New York and a broad base of institutional investors. Its financial performance had been very strong over the past decade, partly due to very successful gold price hedging. An investor relations program was implemented at Barrick Gold. Senior managers of the company were concerned over the recent performance of the stock which had been impacted by a number of factors including gold price volatility, reduced valuation of ''old economy'' companies and concerns over hedging issues. The company needed to review its positioning in the market and its investor relations to determine the best way to improve shareholder value.