September 24, 2018 / 2:38 PM / 3 months ago

BUZZ-Barrick Gold: Rises on deal to buy Randgold

** Canadian gold miner’s shares rise as much as 7 pct to C$14.45, stock’s biggest one-day pct gain since Dec 2016

** ABX to buy Randgold Resources Ltd in a $18.3 bln share deal to create world’s largest gold company by value and output

** Combined co will own five of the world’s 10 lowest cost gold mines and will be valued at $24 bln including debt

** U.S.-listed shares of Randgold and Barrick were up more than 6 pct each

** Including today’s gains, ABX Toronto stock still down ~21 pct YTD vs 7.7 pct fall in gold prices (Reporting by John Benny in Bengaluru)

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