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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.
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.