Warren Buffett’s Berkshire Hathaway Inc. has put its gilded name behind one of the largest gold-mining firms, adding to the list of big-name investors making wagers tied to the precious metal at a time of significant economic uncertainty.
Berkshire late Friday disclosed that it held a $565 million stake in Barrick Gold Corp., the world’s second-largest gold miner, at the end of the second quarter. The stake makes Berkshire the 11th-largest shareholder in Toronto-based Barrick, according to FactSet.
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