Agnico Eagle says it is not interested in participating in Barrick’s North American IPO
Agnico Eagle says it is not interested in participating in Barrick’s North American IPO By Divya Rajagopal
TORONTO, Sept 15 (Reuters) - Canadian gold miner Agnico Eagle is not interested in participating in Barrick Mining's proposed North American initial public offering, Agnico CEO Ammar Al-Joundi said in an interview on Tuesday. "It would not make sense for us to buy into their North America IPO...," Al-Joundi said.
Agnico Eagle is in the world's top three gold producers. Barrick, which is Canada domiciled, is looking to launch a public listing of its North America business, by proposing to sell 10-15% equity. The proposed IPO is aiming for a dual listing in New York and Toronto.
(Divya Rajagopal in Toronto; Editing by Caroline Stauffer )
((divya.rajagopal@thomsonreuters.com, Phone- +16472628751))