The Investment Reporter, in its Aug. 21, 2015, issue, says hold Barrick Gold Corp., recently $10.05. The Reporter said buy 22 times from Nov. 17, 1995, to March 1, 2013, at prices ranging from $23.52 to $47.75. Assuming an investment of $1,000 for each of the 22 buys, the $22,000 position would now be worth $7,215. The gold producer is repaying debt by selling properties (including Bald Mountain, Golden Sunlight and Ruby Hill); it plans to do so even though it does not appear to need the money. The newsletter is not impressed by this move; the company is selling into a buyer's market at a time of low prices. Barrick has a $4-billion (U.S.) undrawn credit facility and held cash of $2.1-billion (U.S.) at June 30, 2015. With interest rates so low, it would seem to make more sense to keep the producing gold mines rather than sell at a poor time. The newsletter, however, likes Barrick's cost-cutting efforts. The company expects to save $50-million (U.S.) in 2015 by cutting G&A expenses and has cut its capital spending budget by $300-million (U.S.) in the first half of 2015. The company hopes to cut $2-billion (U.S.) of expenditures by the end of 2016. Barrick remains a hold for a share price recovery.