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News Tagged By: Barrick Gold

Barrick sells stakes in four assets for US$720 million
Barrick Gold Corp. said on Thursday it has agreed to sell its stakes in four non-core assets to two parties for a total of US$720 million, as the world's largest gold producer works to trim its debt load as gold prices have weakened.
Posted on 11-12-2015 at 8:24 AM
Barrick falls to $264M loss, but makes headway on debt
Barrick Gold Corp. swung to a loss in the third quarter, but reported strong progress in reducing its mountain of debt and paring production costs as it grapples with a challenging market for precious metals.
Posted on 10-29-2015 at 6:45 AM
Barrick cites ‘extremely high’ interest for U.S. gold assets
There has been strong interest in a package of six U.S. gold assets that Barrick Gold Corp. wants to sell, a senior Barrick executive said on Sunday, adding that he expects a deal to close before year end.
Posted on 9-21-2015 at 8:13 AM
Barrick shutters copper division, Utah office to cut costs
Barrick Gold Corp. is shutting a major American office and dismantling its copper unit, the company’s latest steps to cut costs and overhaul operations amid the slump in gold prices.
Posted on 9-18-2015 at 8:31 AM
Barrick exits co-president structure, hands reins to Dushnisky
Barrick Gold Corp. said Co-President Kelvin Dushnisky will take over as president as the world’s largest gold producer restructures management to boost efficiencies.
Posted on 8-17-2015 at 9:18 AM
Moody’s downgrades Barrick's credit to lowest investment grade rating
This comes even though the gold miner is on track to slash its debt this year.
Posted on 8-12-2015 at 12:17 PM
Barrick Gold slashes dividend, to sell some U.S. non-core assets to pay down debt
Barrick Gold says it's making strides toward an ambitious debt reduction target, announcing a financing deal for its Dominican mine, the planned sale of some U.S. assets and a 60 percent cut to its dividend.
Posted on 8-06-2015 at 7:06 AM
Resource giants swing axe through costs as commodity prices sink
The cost-cutting blades keep flashing at Canada's giant resource companies as executives continue to bring down expenses in a world of lower commodity prices.
Posted on 8-06-2015 at 2:17 PM
Ned Goodman resigns from Barrick board
“He is starting a new company in the resource space that presents a potential conflict with his role on Barrick’s board,” company spokesman Andy Lloyd said in an e-mail.
Posted on 7-23-2015 at 4:31 PM
Barrick poised to sell more gold mines as it whittles down debt
Barrick Gold Corp., nearing a deal for its Zaldivar copper mine, is likely to consider three other mines as leading candidates for sale as it works to cut the biggest debt in the gold industry
Posted on 7-16-2015 at 2:36 PM
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