Barrick announced the sale of some of its high-cost mines located in Nevada, including the fully owned Bald Mountain and Ruby Hill mines as well as the company’s 50% and 70% stakes in the Round Mountain mine and the Spring Valley project, respectively. The $720 million that Barrick will realize through these asset sales will largely be used to reduce the company’s outstanding debt. In addition, the sale of these high-cost assets will enable the company to operate more competitively in a subdued gold pricing environment.
from http://ift.tt/1MR9QsR
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