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Barrick announces sale of Nevada assets for US$720 million

Barrick announces sale of Nevada assets for US$720 million

Report summary

Barrick Gold announced the sale of its Bald Mountain mine and 50% interest in Round Mountain mine to Kinross Gold Corp. for US$610 million in cash. Barrick also announced the sale of its Ruby Hill mine and 70% interest in the Spring Valley Project to Waterton Precious Metals Fund for US$110 million. The announcement follows the sale of Barrick's interests in the Cowal, Zaldivar and Porgera mines as part of a debt reduction program.

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