| Barrick sells stakes in four assets for $720 million | |
| | |
|
TORONTO, Nov 12 (Reuters) - Barrick Gold Corp said on Thursday it has agreed to sell its stakes in four non-core assets to two parties for a total of $720 million, as the world's largest gold producer works to trim its debt load as gold prices have weakened. Toronto-based Barrick said it has agreed to sell its 50 percent interest in the Round Mountain mine and 100 percent of the Bald Mountain mine to Kinross Gold Corp for $610 million in cash. Separately, it has also reached an agreement to sell the company's 70 percent interest in the Spring Valley project and its 100 percent interest in the Ruby Hill mine to subsidiaries of Waterton, a mining-focused private equity firm, for $110 million in cash. (Reporting by Euan Rocha Editing by W Simon)
|
|
|
Kinross Gold Corporation
|
|
PRODUCER |
CODE : K.TO |
ISIN : CA4969024047 |
CUSIP : 496902404 |
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Kinross Gold is a gold producing company based in Canada. Kinross Gold produces gold, silver in Brazil, in Canada, in Chile, in Ghana, in Mauritania, in Russia and in USA, develops copper, gold and silver in Chile, and holds various exploration projects in Canada, in Chile and in Russia. Its main assets in production are ROUND MOUNTAIN in USA, CRIXÁS, MORRO DO OURO and PARACATU in Brazil, REFUGIO MINE (VERDE AND PANCHO), FORT KNOX, MARICUNGA and LA COIPA in Chile, PORCUPINE and MUSSELWHITE in Canada, CHIRANO in Ghana, TASIAST in Mauritania and KUPOL in Russia, its main assets in development are KETTLE RIVER, GOLD HILL and CERRO CASALE in Chile and its main exploration properties are AHAFO NORTH, BIBIANI NORTH, BOLE, BOLE - BOLGATANGA, AKYEM, RUSSIAN MOUNTAIN, HORN MOUNTAIN, GIL, ENCHI and GOLDBANKS - KINROSS in Ghana, FRUTA DEL NORTE in Ecuador, HAMMOND REEF in Canada, KUBAKA MINE - BIRKACHAN in Russia and LOBO-MARTE in Chile. Kinross Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 11.0 billions as of today (US$ 8.1 billions, € 7.6 billions). Its stock quote reached its lowest recent point on October 27, 2000 at CA$ 1.43, and its highest recent level on December 13, 2002 at CA$ 9.99. Kinross Gold has 1 246 749 952 shares outstanding. |