Top stories: Barrick Gold expands in Peru, Foremost advances lithium project, Nexa Resources concludes tender offer, Ivanhoe hires VP for health and safety.
Barrick Gold Corporation shares are trading higher Friday, and the stock has gained more than 7% over the past five days. The gold miner's stock continues to climb as the price of gold set a record high Friday at $2,330.50 per ounce. According to Barrick's 2024 Information Circular, the company is prepared to use its operational cash flows to fund existing and new organic growth projects.
It’s a day of broad-based rallies on Wall Street, with both stocks and commodities showcasing robust performances in the wake of a hotter-than-expected labor market report, seemingly unfazed by growing fears over delays in the Federal Reserve’s rate cut plans.
In the final session of the short trading week leading up to Easter festivities, U.S. equity indices held steady, reflecting some setbacks in market expectations regarding interest rate reductions.