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Gold majors climb

‘Smaller’ is certainly looking better for Barrick Gold at the moment, with the ‘big’ gold miner up a further 18.5% in the past week on the back of a solid March-quarter report and stronger gold price.

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Batu Hijau passing lane ... Seller Newmont is lifting gold output; rival Barrick's production is heading down

TSX-listed Barrick (TSX: ABX) is still carrying net debt of US$6.8 billion – 30% of its current market cap of $22.56 billion – after repaying $850 million during the quarter. Up to $4.