Reported 15 days ago
Barrick Gold Corp. is falling behind its competitors amid a boom in gold prices, as it has missed production targets and faces rising operational costs. Despite other miners benefiting from the bullish market, Barrick's stock has hardly changed this year, largely due to its ongoing efforts to improve its financial situation rather than capitalizing on high gold prices. Investors, including major shareholders like Blackrock, are losing confidence and shifting their investments to rival companies, while Barrick's gold output is at its lowest since 2000.
Source: YAHOO