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Barrick Gold Corp
Symbol ABX
Shares Issued 1,164,669,608
Close 2015-02-12 C$ 15.15
Market Cap C$ 17,644,744,561
Recent Sedar Documents

Globe says Iamgold, rivals eye AngloGold's prized mine

2015-02-13 08:06 ET - In the News

See In the News (C-IMG) Iamgold Corp

The Globe and Mail reports in its Friday, Feb. 13, edition that unnamed sources say Kinross Gold, Iamgold, Goldcorp and other Canadian gold miners are lining up to look at AngloGold Ashanti's prized mine in Colorado. The Globe's Rachelle Younglai writes that sources say Bank of Montreal is running the sale of AngloGold's Cripple Creek & Victor mine and about a dozen gold mining players have signed confidential agreements to look at the operations. AngloGold is struggling to reduce its $3-billion debt load. AngloGold says it is considering a joint venture or sale of a "key operating asset" to raise cash, though it did not specify which mine. Although Cripple Creek is not the crown jewel of gold mines, it is generating excitement among Canadian gold miners because of its deep gold reserves and the fact it is located in a relatively mining-friendly jurisdiction. Sources say Kinross and Iamgold are particularly interested in the mine. Both companies are under pressure to improve their portfolios, and both have the capital to make a bid. Barrick Gold was invited to look at the mine, though it is not expected to make a bid given that it is looking for ways to reduce its debt.

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