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Barrick Gold CEO expects to beat US$1.5-billion asset-sale target

From bnnbloomberg.ca

{video} Barrick Gold Corp., the world’s second-largest producer of the metal, will exceed its target of selling US$1.5 billion in assets by the end of this year, Chief Executive Officer Mark Bristow said. “We’re going to beat it,” Bristow said Wednesday in an interview following the release of the miner’s fourth-quarter earnings. “We still have some work to tidy up the portfolio.” The company has roughly US$450 million in sales to go to reach the US$1.5-billion mark, but expects to sell more than that this year, he said. The Toronto-based company had announced the initial asset-sales target in the wake of its ... (full story)

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  • Category: Fundamental Analysis