Barrick Announces New Share Buyback Program
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Barrick Gold Corporation has announced a new share buyback program, authorizing the repurchase of up to $1 billion of its common shares over the next 12 months.
February 12, 2025 | 11:15 am
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Barrick Gold Corporation has announced a new share buyback program, authorizing the repurchase of up to $1 billion of its common shares over the next 12 months.
The announcement of a $1 billion share buyback program is likely to positively impact Barrick Gold's stock price in the short term. Share buybacks can increase earnings per share and signal management's confidence in the company's future, which often leads to a positive market reaction.
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IMPORTANCE 80
RELEVANCE 100