Barrick Gold Sells 75% Of Share Offering

News: Sources have suggested that Canadian mining company Barrick Gold has failed to sell 25% of its CAD3.1bn (US$3bn) share offering following low demand from investors, Mineweb reports. The sale, which is due to close on November 15 2013, is thought to have been affected by falling commodity prices and increasing costs. Analysts have stated that the news is a bad sign for the industry.

This article is tagged to:
Sector: Mining
Geography: Canada