22:33:19 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,778,068,071
Close 2020-08-31 C$ 38.64
Market Cap C$ 68,704,550,263
Recent Sedar Documents

Globe/wire say Barrick to sell share of Morila mine

2020-09-01 08:40 ET - In the News

The Globe and Mail reports in its Tuesday edition that AngloGold Ashanti and Barrick Gold will sell their effective 80-per-cent share of the Morila gold mine in Mali, the miners said on Monday, as political crisis grips the West African country after soldiers seized power in a coup. A Reuters dispatch to The Globe says Australian company Mali Lithium will buy the firm that holds the two miners' stakes in the mine -- the other 20 per cent of which is owned by the government of Mali -- for a fee estimated at between $22-million (U.S.) and $27-million (U.S.), Barrick and AngloGold Ashanti said. Both miners say the deal would allow them to focus their capital or attention elsewhere, would extend the life of the mine and "benefit in-country stakeholders." Neither mentioned the political situation in Mali. Malian president Ibrahim Boubacar Keita resigned and dissolved parliament earlier in August, hours after soldiers held him at gunpoint and seized power in a coup. The crisis caused the closing of the country's borders, in a nation where miners typically fly their gold out to be refined. Barrick closed Monday at $38.64, up 38 cents on the Toronto Stock Exchange.

© 2024 Canjex Publishing Ltd. All rights reserved.