The Conversation (0)
Barrick Gold Reportedly Considering Sale of Three Gold Mines
Apr. 19, 2013 09:28AM PST
Precious Metals Investing
Bloomberg reported that troubled gold miner Barrick Gold is considering the sale of three of their gold mines.
Bloomberg reported that troubled gold miner Barrick Gold is considering the sale of three of their gold mines.
As quoted in the market report:
Barrick is studying the sale of the Darlot, Granny Smith and Lawlers mines in Western Australia, said the people, declining to be identified as the details are private. The mines, which comprise the Yilgarn South division, together produced 452,000 ounces of gold in 2012 at a cash cost of $768 an ounce, according to Barrick’s website. Celina Watt, a Barrick spokeswoman in Perth, declined to comment when contacted by phone.