Barrick Gold eyes deals with rewritten M&A playbook
To mitigate risk, it is targeting low-cost production assets in the Americas and will stay focused on its core gold area
Mon, Dec 25, 2017 - 5:50 AM
A series of asset sales, including a 50-per-cent stake in Argentine gold mine Veladero (above) to Shandong Gold Mining for US$960 million earlier this year, has helped put Barrick on a stronger footing and top its debt reduction target this year.
BARRICK Gold Corp is actively reviewing acquisitions and in the past 18 months considered at least one transformational deal, as it seeks to boost looming production declines and drive growth, four people familiar with the company's thinking told...