The Traderszone Network

Published in TZ Latest News 20 September, 2015 by The TZ Newswire Staff

Barrick says strong interest in U.S. gold asset sale

The interest has been largely from North American-based miners, Barrick President Kelvin Dushnisky said. Denver-based Newmont Mining Corp (NEM.N) and Toronto-based Kinross Gold Corp (K.TO) are likely buyers of the assets, an investment banking source said, speaking on condition of anonymity. As part of its plan to cut at least $3 billion in debt this year, Barrick, the world’s biggest gold producer, last month said it would sell six of its U.S. gold mines and projects: Bald Mountain, Round Mountain, Spring Valley, Ruby Hill, Hilltop and Golden Sunlight assets.