The Globe and Mail reports in its Friday edition that Barrick is considering redomiciling to the United States from Canada, and under a Trump administration that could happen sooner rather than later, chief executive officer Mark Bristow said. The Globe's Niall McGee writes that on Thursday, he mapped out several reasons why a move to the U.S. makes sense, including access to a more efficient marketplace, and the ability to attract a bigger pool of shareholders. Redomiciling to the U.S. could put Barrick in the S&P 500 Index, which would attract automatic buying from scores of mutual funds and exchange traded funds that track indexes. "There's a logic to it," Mr. Bristow said. Toronto-headquartered Barrick is one of the few large Canadian mining companies left in Canada. Over the past two decades, scores of stalwart domestic miners have been scooped up by foreign competitors and many head offices have closed. Barrick already has a significant U.S. shareholder base and massive mining operations in the country. Barrick, alongside Colorado-based Newmont Corp., runs several giant gold mines in Nevada that dwarf its operations in Canada. "There's no doubt that that market is the right place to be," Mr. Bristow said.
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