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Canada's Barrick Gold considers switching primary stock listing to NYSE: WSJ

Souvenir luggage tags are displayed at a Barrick Gold Corp at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 1, 2020. REUTERS/Chris Helgren

(Reuters) - Canadian gold miner Barrick Gold Corp ABX.TO is weighing moving its main listing from Toronto to New York, the company's chief executive said, a step that would weaken its traditional links to Canada, according to a Wall Street Journal report on Wednesday.

Chief Executive Mark Bristow said the company was debating a move to the New York Stock Exchange, but added there were no current plans to do so, according to the WSJ report.

Strong bullion prices have boosted Barrick Gold’s shares about 65% higher this year, taking its market capital to C$70.61 billion ($53.17 billion). It trades on NYSE with the symbol GOLD.

Barrick did not immediately respond to Reuters’ request for a comment.

Reporting by Arunima Kumar in Bengaluru; Editing by Devika Syamnath

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