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Gold Miners
Barrick Gold, the world's biggest gold-mining firm: company now worth $38 billion, with 27 mines on five continents....merger between two of Canada's biggest miners, INCO and Falconbridge...Barrick was a firm that “lived by acquisition”, expanding first in Canada and then in 1994 venturing abroad for Lac Minerals, with mines in America and Chile. The last big buy, of Canada's Placer Dome for $10 billion in 2006, made Barrick the world's biggest gold miner.....Five years ago Barrick produced an ounce of gold for $174, but that figure has more than doubled since then. And new mines require bigger investments, taking up to a decade to reach full production.
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