Barrick Gold Corporation recently announced the sale of a 50% interest in Barrick (Niugini) Limited, the entity which holds a 95% stake in the Porgera gold mine, located in Papua New Guinea. The Porgera mine accounted for around 7% of the company’s consolidated gold shipments in 2014. The stake sale in BNL is the latest in a series of moves by the company, as it braces for a possible interest rate hike by the Fed and a period of extended weakness in gold prices.
from http://ift.tt/1Lm0uFj
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