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Barrick sells another asset in Australia

Barrick Gold (TSX: ABX; NYSE:ABX) continues to peel back its presence in Australia as it prepares to take another hit on its balance sheet due to Pascua-Lama.


Barrick Gold (TSX: ABX; NYSE:ABX) continues to peel back its presence in Australia as it prepares to take another hit on its balance sheet due to Pascua-Lama.

Having already sold two assets in the land Down Under, the company has now sold a third: its Kanowna property situated 570 km east of Perth.

is being sold to Australian-based Northern Star Resources (ASX: NST) for $73 million in cash, and it marks the second transaction with Northern Star in the last few months. Barrick recently sold its Plutonic mine to the company for $25 million …

Continue reading this story at NorthernMiner.com/news/barrick.


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