Barrick Gold plans to start a formal sale process in the near term for all or a part of its stake, the report said, citing people familiar with the matter.
The Tongon mine, located north of the Ivory Coast’s port city of Abidjan, is expected to produce 250,000 ounces to 270,000 ounces of gold in 2019. The company is also working with Scotiabank to sell its Massawa gold project in Senegal and plans to divest its Lumwana copper mine in Zambia, according to the report.
Lumwana is expected to produce 210 million pounds to 240 million pounds of copper in 2019, while Massawa feasibility project is being progressed toward a final development decision.Reporting by Arunima Kumar and Arathy Nair in Bengaluru; Editing by Arun Koyyur
Off with his feet.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Futures turn lower as investors flock to bonds, goldU.S. stocks futures turned lower on Wednesday after investors flocked to safe-ha...
Source: Reuters - 🏆 2. / 97 Read more »
Gold is set to stay strong for the next six to 12 months, economist saysA host of global factors mean gold's price is set to maintain its strength at least for the next six to 12 months, according to an economist from a top Singapore bank. Aaaaand I'm selling... Just look at the futures options...Lots of money up to the 1450s atleast... Recession coming what?
Source: CNBC - 🏆 12. / 72 Read more »
Armed robbers in Mexico steal $2.5 million in gold coinsThe daylight robbery was the latest high-profile crime to hit Mexico City, where crime has increased during record lawlessness plaguing the country.
Source: trtworld - 🏆 101. / 63 Read more »
Armed robbers in Mexico steal $2.5 million in gold coinsArmed robbers broke into a Mexican government coin manufacturer on Tuesday and f... .classic Oh no, HSBC was already fallen on tough times and now they've got PanchoVilla and the gang stealing their Gold ? Id check in the Policia Federal's vaults
Source: Reuters - 🏆 2. / 97 Read more »
What Is Clarified Butter, the Liquid Gold We’d Drink Straight?This butter makes everything better. Let us clarify. It's the nectar of the gods. Is it like Ghee?
Source: bonappetit - 🏆 482. / 51 Read more »
Gold Tops $1,500Gold prices topped $1,500 a troy ounce for the first time in six years, driven higher by a drop in bond yields and investors’ flight from global stocks. HoCSpeaker HoCChamber HoCCommittees OurCommons ParlDiplomacy JusticeCanadaEN nationalpost globeandmail mtlgazette Global_Montreal TorontoStar HuffPost HuffPostPol Canada CdnPress AndrewScheer jfrobergeQc francoislegault JustinTrudeau You can’t eat gold folks.... TuurDemeester Not trade war. But global race to negative rates
Source: WSJ - 🏆 98. / 63 Read more »