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BRIEF-Barrick Gold announces sale of non-core assets for $720 mln

Published 2015-11-12, 07:43 a/m
© Reuters.  BRIEF-Barrick Gold announces sale of non-core assets for $720 mln
GOLD
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Nov 12 (Reuters) - Barrick Gold Corp ABX.TO :
* Announces sale of non-core assets for $720 million
* Says company is on track to meet its stated debt reduction target of $3
billion for 2015
* Reached agreement to sell co's 50 percent interest in Round Mountain mine;100
percent of Bald Mountain mine to Kinross Gold Corporation
* Says Barrick has also reached an agreement to sell the company's 70 percent
interest in the Spring Valley Project
* Says each company will own 50 percent of the joint venture
* To sell 70 percent interest in Spring Valley Project,100 percent interest in
Ruby Hill mine to units of Waterton Precious Metals Fund II Cayman
* To sell 70 percent interest in Spring Valley Project,100 percent interest in Ruby Hill mine to units of Waterton for $110 million

* Source text for Eikon ID:nMKWGB8wGa

* Further company coverage ABX.TO

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