Xstrata essentially continued his strategy

Canada Goose sale Barrick’s Regent embraces his roots Canada Goose sale

canada goose store Aaron Regent President and Chief Executive Officer of Barrick Gold Corporation speaks canada goose clearance sale during the annual general meeting of shareholders in Toronto April 28, 2010. REUTERS/ Mike CasseseBarrick youthful chief executive, who has years of experience leading base metal mining companies, has a steely confidence in the long term fundamentals behind surging copper prices. He more bullish than nearly every analyst who makes forecasts.Trumping a bid for Equinox by China Minmetals Resources a unit of a state owned base metals giant Regent stunned the market and precipitated a 10 percent drop in Barrick share price.have been wondering how he is going to make his mark on Barrick and the fear has been that because of his background in the base metals that he going to go out and buy copper, and he just went out and did it, said canada goose coats one arbitrageur whose firm owns the stock. He asked to be quoted anonymously in keeping with his firm policy.Regent, who immigrated to Canada from Ireland with cheap Canada Goose his parents when he was a child, canada goose black friday sale is no stranger to big deals.As chief executive at diversified Canadian miner Falconbridge, he canada goose uk shop came close to creating the world largest nickel Canada Goose online producer through a merger with Inco in 2005.At the time, Regent was building Falconbridge into a world Canada Goose Coats On Sale class copper producer with a target of doubling production to 1 million tons a year within a decade. Xstrata essentially continued his strategy.business acumen doesn need canada goose uk black friday to be proven after what he was able to do in his previous jobs, said Denis Couture, Canada Goose Parka a communications executive who worked with Regent for nearly a decade at Falconbridge and other canada goose coats on sale companies.Not even a year into Canada Goose sale the job at canada goose store Barrick, canada goose factory sale Regent surprised investors by bringing a quick end to Barrick long standing gold hedge program to take advantage of soaring gold prices.The move exposed the company to the possibility of a price buy canada goose jacket slide but allowed it to benefit fully https://www.scrubsuniforms.ca from any appreciation, Canada Goose Outlet a strategy uk canada goose outlet that is currently bringing rich rewards.Indeed, Barrick posted a 22 percent rise in profit for the first quarter of this year, largely because of surging bullion prices.LOWERS GOLD EXPOSURE Equinox is Regent first major acquisition since he took the reins of Barrick in 2009 Canada Goose Jackets at the age of 43. The deal has drawn the criticism of investors because it effectively lowers Barrick gold canada goose clearance exposure, for which investors are willing to pay a premium. The market punished the stock.he covered the uk canada goose hedge book cheap canada goose uk I thought, done Aaron, great move said Charles Oliver, a Canada Goose Online senior portfolio manager at Sprott Asset Management in Toronto.move? You know, we all make mistakes, said Oliver, buy canada goose jacket cheap who played rugby with Regent at the University of Western Ontario. think he certainly going to recognize that the market has penalized him for this.Barrick will double its position in copper canada goose with the acquisition at a time when prices have risen more than sevenfold in eight years, driven by booming demand from China.Regent a canada goose uk outlet married father of three daughters sees prices rising even more than even the most optimistic forecasts as the needs of developing economies accelerate, but he won give figures, saying his outlook ishave a strong view that it going to be a challenge for the industry to mount a supply response.. We think that the copper market is going to be well supported currently and for the foreseeable canadian goose jacket future, said Regent, who colleagues say rarely misses his morning run.Minmetals backed out of Black Friday Canada Goose a bidding war with Barrick on Tuesday, saying the Canadian miner counter offer was too rich. The hasty exit by the Chinese company has led skeptics to question whether Regent may be getting in over his head.China, which accounts for much of the world copper demand, has more accurate forecasts for long term prices than its Western counterparts, according to many experts canada goose store.

nike air max nike air max


Tinggalkan Balasan

Alamat email Anda tidak akan dipublikasikan. Ruas yang wajib ditandai *