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Highland Shares Plunge Following Barrick Discounted Stake Sale
Apr. 26, 2012 11:43AM PST
Precious Metals Investing
Bloomberg reported that shares of Highland Gold (LSE:HGM) dropped sharply after Barrick Gold (NYSE:ABX) sold its stake in the company at a discount.
Bloomberg reported that shares of Highland Gold (LSE:HGM) dropped sharply after Barrick Gold (NYSE:ABX) sold its stake in the company at a discount.
As quoted in the market news:
Barrick Gold, the world’s largest producer, sold its stake in Highland Gold to undisclosed “institutional investors” at 120 pence a share, according to a statement today. The shares closed at 131.5 pence yesterday.
