Morningstar - Barrick Gold Corporation (ABX.) Goldcorp Enters Partnership With Barrick Gold on Chilean Projects; No Immediate Impact on Fair Value

Report

Morningstar

Kristoffer Inton

EUR 98.48 For Business Accounts Only

Goldcorp Enters Partnership With Barrick Gold on Chilean Projects; No Immediate Impact on Fair Value

In a multi-step transaction, Goldcorp entered into a 50-50 partnership with Barrick Gold on a handful of development projects in Chile. The transaction is fairly complicated and, pending incremental detail of the potential developments, we assume no impact on our fair value estimates for each company. As a result, we are maintaining our USD 16 and CAD 21 per share fair value estimates for Barrick, USD 20 and CAD 26 per share fair value estimates for Goldcorp, and USD 4.50 and CAD 5.90 per share ...

28/03/2017 14 EN

Underlying

Barrick Gold Corporation

Barrick Gold is engaged in the production and sale of gold, as well as related activities such as exploration and mine development. Co. also produces copper and hold interests in oil and gas properties located in Canada. Co.'s mining operations are concentrated in three regional business units: North America, South America and Australia Pacific. Co. also hold a 73.9% equity interest in African Barrick Gold plc that owns gold mines and exploration properties in Africa. Co.'s copper business unit contains producing copper mines located in Chile and Zambia; and a mine under construction located in Saudi Arabia.

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CA0679011084 Toronto Stock Exchange Canada

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Kristoffer Inton

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Goldcorp Enters Partnership With Barrick Gold on Chilean Projects; No Immediate Impact on Fair Value

Barrick Mining Corp: 2 directors

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Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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