Barrick sells Senegalese gold mine for $430m
The Canadian producer sells its Massawa project to Teranga Gold as it pushes ahead with asset sales
10 December 2019 - 22:43
Bengaluru — Canadian gold miner Barrick Gold moved closer to its asset sales target on Tuesday by agreeing to sell its 90% stake in its Massawa project in Senegal to Teranga Gold for up to $430m.
The sale is the latest by Barrick CEO Mark Bristow as he seeks to shed at least $1.5bn of unprofitable mines by the end of 2020, following the company’s merger with Randgold Resources in January 2019...
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