Barrick Completes Divestiture of its Interest in the Lagunas Norte Mine
Rhea-AI Summary
Barrick Gold Corporation (NYSE:GOLD) announced the completion of the divestiture of its interest in the Lagunas Norte mine to Boroo Pte Ltd, based in Singapore. This move aligns with Barrick's strategy to streamline operations and focus on core assets. The transaction emphasizes Barrick's commitment to optimizing its portfolio and maintaining strong financial health.
Positive
- Completed divestiture of Lagunas Norte mine to Boroo Pte Ltd, supporting strategic focus on core assets.
- Transaction reflects Barrick's ongoing effort to optimize its portfolio.
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, GOLD gained 0.75%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
All amounts expressed in US dollars
TORONTO, June 01, 2021 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced it has completed the previously announced divestiture of its interest in the Lagunas Norte mine to Boroo Pte Ltd (Singapore).
Enquiries
President and CEO
Mark Bristow
+1 647 205 7694
+44 788 071 1386
Senior EVP, Strategic Matters
Kevin Thomson
+1 416 307-5150
Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: barrick@dpapr.com
Website: www.barrick.com
FAQ
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