GOLD
Barrick Gold plans to forge ahead with efforts to divest peripheral assets – starting with its stake in the Kalgoorlie Super Pit in Australia – even as surging gold prices spur the highest profit in three years.
In its second-quarter earnings statement Wednesday, the world’s largest gold producer said it made $968-million in debt repayments this year, almost half its target, and will continue pursuing non-core asset sales. Earnings excluding one-time items matched analysts’ estimates, while net income was the highest since the first quarter of 2013.
Please enter the email address that you used to subscribe to Research Channel. Your password will be sent to this address.
Don't have any login details?
Free Trial Access