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BRIEF-Barrick Reaches Agreement To Sell Its Share Of Australian Super-Pit For $750 Mln

Published 2019-11-17, 05:42 p/m
© Reuters.  BRIEF-Barrick Reaches Agreement To Sell Its Share Of Australian Super-Pit For $750 Mln
GOLD
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Nov 17 (Reuters) - Barrick Gold Corp ABX.TO :

* BARRICK REACHES AGREEMENT TO SELL ITS SHARE OF AUSTRALIAN SUPER-PIT FOR $750M

* REACHED AGREEMENT TO SELL ITS 50 PERCENT INTEREST IN KALGOORLIE CONSOLIDATED GOLD MINES IN WESTERN AUSTRALIA TO SARACEN MINERAL

* TRANSACTION IS EXPECTED TO BE COMPLETED IN Q4 OF 2019

* SALE OF INTEREST IN KCGM REPRESENTS FIRST STEP IN PLAN TO REALIZE IN EXCESS OF $1.5 BILLION FROM DISPOSAL OF NON-CORE ASSETS BY END OF 2020

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