22.01.2014 23:57:30

Barrick Gold Agrees To Divest Kanowna In Australia - Quick Facts

(RTTNews) - Barrick Gold Corp. (ABX, ABX.TO) announced it has agreed to divest its interest in the Kanowna Belle and Kundana mine operations in Western Australia to Northern Star Resources Ltd for total cash consideration of A$75 million, subject to certain closing adjustments. The transaction is expected to close in March, 2014.

The company noted that Kanowna contained proven and probable reserves of 0.6 million ounces, measured and indicated resources of 0.6 million ounces and inferred resources of 0.4 million ounces as at December 31, 2012. The mine produced about 225,000 ounces in 2013.

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