This post was originally published on Gold Investing News on July 3, 2014.
The Wall Street Journal reported that gold giant Barrick Gold is continuing with its two-year long endeavor to shed non-core assets with the sale of the Golden Sunlight mine in Montana after more than thirty years of operation.
According to the Wall Street Journal:
The Toronto-based gold-mining giant has hired Canadian Imperial Bank of Commerce, Canada’s-fifth largest bank, to help sell the mine in Jefferson County, southwestern Montana, one of these people said. The open-pit mine is one of Barrick’s smallest properties, producing 92,000 ounces of gold in 2013, according to the company’s website. Golden Sunlight has a relatively short shelf life, with around 192,000 ounces of gold left at the end of 2013.