On Thursday, Shares of Barrick Gold Corporation (NYSE:ABX), gained 4.75% to $6.84, hitting its lowest level.
Barrick Gold Corporation declared refinements to its administration structure as part of the company’s strategy to create long-term value for its owners as a more focused and efficient business, in line with the mindset and model that drove Barrick’s early success.
Kelvin Dushnisky, most recently Co-President, has been designated President. Richard Williams, formerly Chief of Staff, has been designated Chief Operating Officer and will report to Mr. Dushnisky. Basie Maree, most recently Senior Vice President, Technical Services has been designated Chief Technical Officer. He will report to Mr. Williams. Jim Gowans, who has made noteworthy contributions to the company as Co-President, will support this transition as a Senior Advisor to the Chairman until his retirement from Barrick on December 31, 2015. These appointments are effective right away.
Mr. Dushnisky will have overall responsibility for execution of the company’s planned priorities, with a focus on improving productivity and driving down costs. Mr. Williams will lead the day-to-day implementation of these objectives. They are charged with driving the organization to reach our target of $2 billion in reduced expenditures across the company by the end of 2016. Central to this effort is Mr. Maree, a seasoned mining industry professional with more than 35 years of experience in operations, mineral processing, and mine plan optimization.
Barrick Gold Corporation produces and sells gold and copper. The company is also involved in exploration and mine development activities. It conducts mining, development and exploration, and other activities in various countries, counting the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia.
Shares of Oasis Petroleum Inc. (NYSE:OAS), inclined 14.10% to $9.47, during its last trading session, as Oil soared more than 10 percent Thursday, its biggest one-day gain since March 2009, lifted by resurgent global stock markets and a report showing the U.S. economy grew faster than formerly stated in the second quarter, according to AP.
U.S. oil rose $3.96, or 10.3 percent, to $42.56 in New York. That is the biggest gain since March 12, 2009, when oil gained 11 percent. Brent crude rose 10.3 percent to $47.56 a barrel in London. AP Reports
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin.
Finally, Agrium Inc. (NYSE:AGU), ended its last trade with 3.89% gain, and closed at $102.85.
Agrium declared that Mr. Steve Douglas, CFO, will be presenting at the UBS Best of Americas 2015 Conference in London, U.K., on Thursday, September 10, 2015 at 9:50 a.m. EDT.
Agrium Inc. produces, markets, and distributes crop nutrients, crop protection products, seeds, and merchandise products primarily in the United States, Canada, South America, Europe, and Australia, and internationally. It operates in two segments, Retail and Wholesale.
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