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Barrick Gold waiting for Newmont's call

Barrick Gold waiting for Newmont's call
African Barrick and Newmont jointly own the Super Pit gold mine

Barrick Gold (TSE:ABX, NYSE:ABX) is waiting for Newmont Mining (NYSE:NEM) to contact it about taking full control of Australia's Super Pit mine.

Barrick, the world's biggest miner, has been busy cutting its debt mountain by selling off assets, but the 50% holding in the Super Pit gold mine has yet to be sold.

Newmont owns the other half of the Super Pit mine, and last week Newmont boss Gary Goldberg told news agency Reuters that the company would be interested in buying out Barrick, at the right price.

Barrick adviser and former president of the company, Jim Gowans, said on Thursday that discussions on a potential sale have yet to kick off.


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Barrick Timeline

January 10 2017

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