By Robb M. Stewart

 

Barrick Gold Corp.'s shares continued to advance Monday in the wake of news Warren Buffett's Berkshire Hathaway Inc. holds a stake in the Canadian gold producer.

In morning trading, the Toronto-listed shares were 10% higher at C$39.41, while in New York the shares were up 11% at $29.85. Building on gains Friday after Berkshire Hathaway Inc. disclosed a roughly 20.9 million share stake in Barrick, the shares have risen roughly 60% year-to-date.

 

Write to Robb M. Stewart at robb.stewart@wsj.com

 

(END) Dow Jones Newswires

August 17, 2020 10:19 ET (14:19 GMT)

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