Mr. Kelvin Dushnisky reports
BARRICK COMPLETES DIVESTITURE OF COWAL MINE
Barrick Gold Corp. has completed the divestiture of its Cowal mine in New South Wales, Australia, to Evolution Mining for a total cash consideration of $550-million. Proceeds from the sale of Cowal will be used to repay debt. (All amounts are expressed in U.S. dollars.)
"The sale of Cowal is consistent with the strategy we have outlined to create long-term value for our owners, and will make a significant contribution to our debt reduction target while further focusing the geographic footprint of our portfolio," said co-president Kelvin Dushnisky.
We seek Safe Harbor.
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