Barrick Gold said on Thursday that proceeds from its pending equity offering will total around $4bn, making the stock sale the biggest in Canadian history, reports Reuters. The world’s top gold miner said underwriters exercised in full their option to purchase an additional 14.21m shares at a price of $36.95. The offering is expected to close on or about Sept 23. Barrick announced an equity sale of at least $3bn on Tuesday, to be used to eliminate all of its fixed-price gold hedges and a portion of its floating hedges.
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