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ABGLF vs. ETF Alternatives
Jan. 8, 2013, 3:57 AMAfrican Barrick Gold (ABGLF.PK) plummets 21% in London after parent company Barrick Gold (ABX) ends talks to sell the unit, in which it owns 74%, to state-owned China National Gold. Barrick Gold "will only proceed with opportunities that generate acceptable value," CEO Jamie Sokalsky said. African Barrick, which is worth $1.4B, will now conduct a review of its operations in order to improve returns. (PR) | Jan. 8, 2013, 3:57 AM | Comment!
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